Cape EMS shares oversubscribed 17.82 times FMTNews FMTBusiness
Cape EMS Bhd said the 205.5 million shares offered to institutional and selected investors, including Bumiputera investors, were fully subscribed.
In a filing with Bursa Malaysia today, the company said 46.2 million IPO shares available for application by the Malaysian public were oversubscribed 17.82 times.The electronics manufacturer said the IPO involves an offering of 259.7 million IPO shares including an institutional offering of 205.5 million shares and a retail offering of 54.2 million shares for the Malaysian public, its directors, eligible employees and persons who have contributed to the success of Cape EMS and its subsidiaries.
In the Bumiputera public portion, a total of 6,340 applications for more than 220 million shares were received, representing an oversubscription rate of 8.54 times. The filing said the 205.5 million shares offered to institutional and selected investors, including Bumiputera investors approved by the international trade and industry ministry were fully subscribed.
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