KUALA LUMPUR: Ambest Group Bhd’s initial public offering (IPO was oversubscribed by 46.07 times for the Malaysian public portion ahead of its listing on the ACE Market of Bursa Malaysia Securities Bhd.
The IPO, priced at RM0.25 per share, comprises a public issue of 110 million new shares and an offer for sale of 40.95 mil existing shares.
