EGH International's IPO oversubscribed 2.63 times ahead of ACE Market listing

Key points

• Of the total, 1,048 applications for 40.98 million IPO shares were received for the Bumiputera portion, representing a subscription rate of 1.64 times, while 2,053 applications for 90.35 million shares were received for the other Malaysian public portion, representing a subscription rate of 3.61 times.
• "Additionally, 30 million IPO shares made available for application by the eligible directors and employees of the group as well as other persons who have contributed to the success of the group have been fully subscribed," it said.
• The IPO comprises 80 million shares under the retail offering, including 50 million shares for the Malaysian public and 30 million shares for eligible directors, employees and contributors to the group, as well as up to 280 million shares under the Institutional Offering through private placement.

Sentences selected automatically from the original article by New Straits Times.