New IPO : Sarawak Cable oversubscribed
Filed Under (Bursa News) by Webmaster on 19-05-2010
Tagged Under : IPO, Sarawak Cable
Sarawak Cable Bhd, which is slated to be listed on the Bursa Malaysia main market on May 25, received commendable response for its initial public offering with the public tranche of six million new shares oversubscribed by 6.43 times.
In a statement, the company said it received a total of 2,904 applications for 44.59 million shares from the Malaysian public.
“In view of the oversubscribed situation for shares under the Malaysian public category, a total of 298,200 unallocated shares reserved for eligible directors, employees and business associates of our group were made available to the Malaysian public,” it said.
