KUALA LUMPUR: Consumer electronic product maker Salutica Bhd, en route to a listing on the ACE Market on May 18, has received strong demand for the shares made available for the public.
Tricor Investor & Issuing House Services Sdn Bhd (TIIH) said in a statement that a total of 9,647 applications for 212.985 million shares were received for the 19.4 million shares available, an oversubscription rate of 9.98 times.
For the bumiputra portion, Salutica attracted 5,211 applications for 93.365 million shares, an oversubscription rate of 8.63 times.
The public portion, meanwhile, drew 4,436 applications for 119.62 million shares, which represented an oversubscription rate of 11.3 times.
SALUTE (0183) - Salutica’s IPO attracts strong interest
http://www.thestar.com.my/business/business-news/2016/05/10/saluticas-ipo-attracts-strong-interest/
