KUALA LUMPUR, June 21 — Nestcon Bhd, slated to be listed on the ACE Market of Bursa Malaysia on June 29, 2021, has seen the public portion of its initial public offering oversubscribed by 57.13 times.
“Nestcon has received a total of 22,673 applications for 1.87 billion shares with a value of RM524 million from the Malaysian public for the 32.19 million shares, representing an oversubscription rate of 57.13 times,” it said. In addition, it said the offer for the sale of 32.19 million existing shares have been taken up entirely as well, adding that notices of allotment will be posted to all successful applicants on or before June 28.
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