KUALA LUMPUR: Verdant Solar Holdings Bhd
’s initial public offering (IPO) of 40.88 million shares at RM0.31 per share has been oversubscribed by 39.60 times, ahead of its listing on the ACE Market of Bursa Malaysia on Oct 22.
The solar panel installer said a total of 16,737 applications for 1.66 billion new shares were received from the Malaysian public, resulting in an overall oversubscription rate of 39.60 times.
