Polymer Link IPO oversubscribed 48.74 times


KUALA LUMPUR: Polymer Link Holdings Bhd’s public portion of its initial public offering (IPO) have been oversubscribed by 48.74 times ahead of its listing on the ACE Market of Bursa Malaysia on Nov 25.

In a statement today, the company said a total of 11,360 applications for 1.39 billion issue shares valued at RM348.21 million were received from the Malaysian public, representing an overall oversubscription rate of 48.74 times.

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