PETALING JAYA: ACE Market-bound integrated marketing and branding services provider SBS Nexus Bhd’s 24.5 million new shares made available to the Malaysian public has been oversubscribed by 22.28 times.
The company’s initial public offering involves a public issue of 122.5 million new shares at 25 sen a share to raise RM30.6mil. A separate offer for sale of 49 million existing shares has also been fully subscribed.
Besides the shares allocated to the Malaysian public, the 61.25 million new shares offered to approved bumiputera investors have been oversubscribed by 22.38 times.
The 17.5 million new shares to eligible persons and the 19.6 million new shares offered by way of private placement to selected investors have also been fully subscribed.
