ACE Market-bound 3REN's IPO oversubscribed by 84 times

KUALA LUMPUR: ACE Market-bound 3REN Bhd’s public issue of 32.5 million shares made available for application by the Malaysian public has been oversubscribed by 84.06 times.

It said 16.25 million public issue shares have been set aside for the bumiputera portion, which represents 50 per cent of the public issue shares available for public subscription, while the remaining public issue shares were allotted under the public portion. "For the public portion, a total of 12,671 applications for 1,583,386,000 public issue shares were received, which represents an oversubscription rate of 96.44 times,” it said.

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