KUALA LUMPUR: HSS Holdings Bhd's issuance of 25 million new initial public offering (IPO) shares to the Malaysian public in conjunction with its listing on the ACE Market of Bursa Malaysia was oversubscribed by 10.56 times.
According to a stock exchange filing, the offering received a total of 5,097 applications for 289.1 million new shares from the Malaysian public.
For the Bumiputera portion, a total of 2,523 applications for 103.64 million new shares were received, representing an oversubscription rate of 7.29 times.
The public portion recorded a total of 2,574 applications for 185.45 million new shares for an oversubscription rate of 13.84 times.
Under the pink-form allocations, the 10 million new shares reserved for eligible persons were fully subscribed.
The 62.5 million shares, comprising 10 million issue shares and 52.5 million offer shares, made available by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry were fully placed out.
Lastly, the 30 million new shares made available by way of private placement to selected investors were also fully placed out.
The notices of allotment will be posted to all successful applicants on June 19, 2026.
M&A Securities Sdn Bhd is the adviser, sponsor, underwriter and placement agent for this IPO.
