Walau wei,
Oversubscribed 187x, mana ada chances:
Source: Malaysian Issuing House Sdn Bhd (mih.com.my)
KUALA LUMPUR (Aug 16): Enterprise software firm Vetece Holdings Bhd has generated positive investor interest for its initial public offering, which has been oversubscribed by 187.41 times ahead of its listing on the ACE Market.
The group’s IPO entails an offering of 137.2 million ordinary shares, featuring a public issue of 98 million new ordinary shares. A total of 3.7 billion issue shares with a value of RM923.23 million were received from the Malaysian public for 19.6 million issue shares.
Of this, a total of 1.6 billion issue shares were received for the Bumiputera portion while for the remaining Malaysian public portion, a total of 2.1 billion issue shares were received.