KUALA LUMPUR: The retail portion of Sunway Healthcare Holdings Bhd’s offering, comprising 230 million shares, was oversubscribed by 5.57 times.
A total of 77,236 applications for 1.51 billion issued shares were received from the Malaysian public, resulting in an overall oversubscription rate of 5.57 times.
“Specifically, a total of 9,972 applications for 202.72 million issued shares were received for the Bumiputera portion, representing an oversubscription rate of 0.76 times,” said the group in a statement on Tuesday.
Meanwhile, a total of 67,264 applications for 1.31 million issued shares were received for the Malaysian public portion, representing an oversubscription rate of 10.37 times.
The 115.00 million issued shares made available for application by eligible persons were fully subscribed.
The initial public offering (IPO) of up to 1.97 billion shares involves an institutional offering of up to 1.62 billion IPO shares to Malaysian and foreign institutional and selected investors, including Bumiputera investors approved by the Ministry of Investment, Trade and Industry.
The institutional price has been fixed at RM1.45 per IPO share. – BERNAMA
