KUALA LUMPUR: Main Market-bound Hock Soon Capital Bhd’s public portion of its initial public offering (IPO) was subscribed 1.36 times ahead of its listing on Bursa Malaysia Securities Bhd.
The company, which specialises in rearing layer chickens for the production and sale of table eggs, said a total of 2,779 applications for 33.88 million new shares were received from the Malaysian public, resulting in an overall subscription rate of 1.36 times.
Of this, the Bumiputera portion attracted 1,242 applications for 12.43 million shares, translating into a subscription rate of 0.99 times, while the other public portion drew 1,537 applications for 21.45 million shares, representing a subscription rate of 1.72 times.
Meanwhile, the 12.5 million shares reserved for eligible directors, employees and contributors to the group were fully subscribed.
M & A Securities Sdn Bhd, the adviser, underwriter and placement agent, said the private placement of 62.5 million new shares to MITI-approved Bumiputera investors and 50 million existing shares to selected investors was fully placed after the relevant clawback and reallocation.
The poultry farmer is set to list on the Main Market on Feb 13, 2026.
