KUALA LUMPUR: RT Pastry Holdings Bhd’s initial public offering (IPO) shares made available to the Malaysian public have been oversubscribed by 59.96 times ahead of its scheduled listing on the ACE Market of Bursa Malaysia on June 29.
In a Bursa Malaysia filing yesterday, the pastry and bakery products company said it received 9,170 applications for 1.03 billion issue shares from the Malaysian public, resulting in an overall oversubscription rate of 59.96 times.
“Specifically, a total of 2,303 applications for 182.7 million issue shares were received for the bumiputra portion, representing an oversubscription rate of 20.55 times.
“Meanwhile, a total of 6,867 applications for 851.23 million issue shares were received for the other Malaysian public portion, representing an oversubscription rate of 99.38 times,” it said.KAF Investment Bank Bhd is the principal adviser and underwriter for the IPO.
