$SUPREM (0330.MY)$ has seen its Initial Public Offering (IPO) oversubscribed by 349.4 times and is set to be listed on the ACE Market on November 29.
LEVEL OF SUBSCRIPTION OF PUBLIC BALLOTING AND PLACEMENT
(i) Malaysian Public Balloting A total of 23,955 applications for 3,013,616,200 IPO Shares with a value of RM753.40 million were received from the Malaysian Public for 8,600,000 IPO Shares made available for application by the Malaysian Public representing an overall oversubscription rate of 349.42 times. Of this, a total of 11,984 applications for 1,369,041,800 IPO Shares were received for the Bumiputera portion representing an oversubscription rate of 317.38 times. For the remaining Malaysian public portion, a total of 11,971 applications for 1,644,574,400 IPO Shares were received, representing an oversubscription rate of 381.46 times.
(ii) Eligible Persons The 7,650,000 IPO Shares made available for application by the eligible Directors, key senior management, employees and business associates of SCRB and its subsidiaries have been fully subscribed.
(iii) Private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (“MITI”) The 53,750,000 IPO Shares made available by way of private placement to Bumiputera investors approved by MITI have been fully placed out.
More Company Introduction: Supreme Consolidated Resources Berhad Launches IPO
Souce: Announcement
