KUALA LUMPUR: The public portion of Express Powerr Solutions (M) Bhd
's initial public offering (IPO) was obersubscribed by 13.55 times, en route to a listing on the ACE Market of Bursa Malaysia on Sept 24, 2025.
Express Powerr's IPO entails a public issue of 180 million new ordinary shares at an issue price of 20 sen per share. This represents 19.26 per cent of the enlarged issued shares, with RM36mil expected to be raised.
