KUALA LUMPUR: DXN Holdings Bhd
's initial public offering (IPO) was oversubscribed by 3.2 times by the Malaysian public, ahead of its return to the Main Market of Bursa Malaysia on May 19.
In a statement, the health-oriented and wellness consumer product group said it received a total of 12,146 applications for 420.12 million shares.
For the Bumiputera portion of the offering, the group received a total of 4,765 applications for 92.93 million issues shares, for an oversubscription rate of 0.86 times.
The non-Bumiputera portion received a total of 7,381 applications for 327,192,900 issue shares for an oversubscription rate of 5.54 times.
According to the group, the 60 million issue shares made available for application by the directors of DXN, eligible employees of the group and persons who have contributed to the success of the Group have been fully subscribed.
Meanwhile, the joint bookrunners have confirmed that the 772.68 million offer shares offered to Malaysian and foreign institutional and selected investors including Bumiputera investors approved by the Ministry of Investment, Trade and Industry have been fully subscribed.
Maybank Investment Bank Bhd is the principal adviser of the IPO, as well as joint global coordinator, joint bookrunner, joint managing underwriter and joint underwriter.
CIMB Investment Bank Bhd is joint global coordinator, joint bookrunner, joint managing underwriter and joint underwriter.
CLSA Limited and CLSA Securities Malaysia Sdn Bhd are joint global coordinators and joint bookrunners for the IPO whereas RHB Investment Bank Bhd is a joint bookrunner and joint underwriter.
