PETALING JAYA: A1 AK Koh Group Bhd
’s initial public offering (IPO) has been oversubscribed by 0.11 times ahead of its listing on the ACE Market of Bursa Malaysia on July 11.
The processed food and beverage producer received 2,289 applications from the public for 46.8 million shares worth RM11.7mil, representing a subscription rate of 1.11 times.
For the bumiputra portion, 441 applications were received for about 4.1 million shares, with the remaining shares reclaimed and reallocated to the other Malaysian public.
Meanwhile, the other Malaysian public submitted 1,848 applications for about 42.7 million shares, resulting in a subscription rate of 2.03 times.
All 8.4 million issue shares offered to eligible persons have also been fully subscribed.
