PETALING JAYA: 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 Bursa Malaysia filing, the offering received a total of 5,097 applications for 289.1 million new shares from the Malaysian public.
For the bumiputra 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.
