KUALA LUMPUR: Edelteq Holdings Bhd
’s public issue of 26.63 million shares under its initial public offering (IPO) exercise involving 100 million new shares have been oversubscribed by 152.03 times.
In a statement yesterday, Edelteq, which is a provider of engineering support to the chip industry, said 35,292 applications for 4.08 billion issue shares were received from the public, representing an overall oversubscription rate of 152.03 times.
“For the bumiputra portion, 18,649 applications for 1.48 billion shares were received, representing an oversubscription rate of 110.41 times. Meanwhile, 16,643 applications for 2.59 billion shares were received under the other Malaysian public portion, representing an oversubscription rate of 193.65 times,” it said.The IPO also involves the issuance of 63.37 million new shares by way of private placement to selected investors, 10 million new shares available for eligible employees and persons who have contributed to the success of the group and an offer for sale of 43.2 million existing shares made available for private placement to selected investors.
UOB Kay Hian Securities (M) Sdn Bhd, as the principal adviser, sponsor, underwriter and placement agent, said the 63.37 million issue shares and 43.20 million existing shares made available for application by way of private placement have been entirely placed out to selected investors. — Bernama
