KUALA LUMPUR, May 10 (Bernama) -- Salutica Bhd's initial public offering (IPO) has been oversubscribed by 9.98 times.
The one-stop solution provider for the manufacture of consumer electronic products in Malaysia is enroute for listing on the ACE Market on May 18.
There were 9,647 applications for 212.99 million Salutica shares made available for the Malaysian public but only 19.4 million shares were issued for this portion, it said in a statement.
"As for the Bumiputera portion, 5,211 applications for 93.37 million issue shares were received which represented an oversubscription rate of 8.63 times," TIIH said in a statement.
There were 38.8 million Salutica shares apportioned for Bumiputera investors, by way of private placement.
As for the public portion, 4,436 applications for 119.62 million shares were received, which represented an oversubscription rate of 11.33 times.
-- BERNAMA
SALUTE (0183) - Salutica's IPO Oversubscribed By 9.98 Times
http://www.bernama.com.my/bernama/v8/bu/newsbusiness.php?id=1244196
