PETALING JAYA: The public portion of ACE Market-bound Critical Holdings Bhd
’s initial public offering has been oversubscribed by 88.08 times.
In a filing with Bursa Malaysia yesterday, Malaysian Issuing House Sdn Bhd (MIH), on behalf of Critical Holdings, said that the public issue comprising 74.35 million new ordinary shares was made available for application.
Of the public issue, MIH said Critical Holdings had allocated 18.59 million shares for the Malaysian public, 3.72 million shares for application by eligible directors and employees, 46.47 million shares by way of private placement to bumiputra investors approved by the Investment, Trade and Industry Ministry (Miti) and 5.58 million shares by way of private placement to selected investors.
It said the company had also allocated an offer for sale of 37.17 million existing shares by way of private placement to selected investors.
“A total of 13,038 applications for 1.66 billion shares were received from the Malaysian public, representing an overall oversubscription rate of 88.08 times.”
Additionally, it said 3.72 million issue shares made available for application by the eligible directors and employees have been fully subscribed.
It said that MIDF Amanah Investment Bank Bhd, being the principal adviser, sponsor, underwriter and placement agent, has confirmed that the 46.47 million issue shares made available by way of private placement to bumiputra investors approved by Miti have been fully placed out.
Meanwhile, it said 5.58 million issue shares and 37.17 million existing shares made available by way of private placement to selected investors have also been fully placed out.
“The notices of allotment will be mailed to all successful applicants by Dec 15, 2023,” it added. — Bernama
