EMCC oversubscribed 53x oh EMCC oversubscribed 53x

KUALA LUMPUR (Sept 15): Evergreen Max Cash Capital Bhd (EMCC), an ACE Market-bound pawn broking services provider that is also involved in the trading of gold and luxury products, announced on Friday that its initial public offering (IPO) has been oversubscribed by 53.06 times by the Malaysian public.

This is from the 14,568 applications it received for 3.01 billion shares worth RM722.66 million from the Malaysian public, it said in a statement.

Source: Tricor Investor & Issuing House (tiih.com.my)