From left: Kucingko Bhd executive director See Chin Joo, Kenanga Investment Bank Bhd head of group investment banking & Islamic banking Datuk Roslan Tik and Kucingko Bhd executive director Ooi Kok Hong.
KUALA LUMPUR: The public issue of Kucingko Bhd's initial public offering (IPO) of 25 million shares made available to the Malaysian public has been oversubscribed 99.02 times.
In a statement, the Malaysian Issuing House Sdn Bhd said a total of 21,929 applications for 2.5 billion issue shares were received from the Malaysian public.
For the Bumiputera portion, a total of 7,242 applications for 822.43 million issue shares were received, representing an oversubscription rate of 64.79 times.
Meanwhile, 14,687 applications for 1.68 billion issue shares were received under the other Malaysian public portion, representing an oversubscription rate of 133.25 times.
In addition, the 10 million issue shares made available for application by the eligible directors and employees as well as
persons who have contributed to the success of the group have been fully subscribed.
Kenanga Investment Bank Bhd
, the principal adviser, sponsor, underwriter and placement agent, has also confirmed that the 65 million issue shares and 100 million offer shares made available for application by way of private placement have been fully placed out.
The issuing house said the notices of allotment will be mailed to all successful applicants by July 24, 2024.
