KEJURUTERAAN ASASTERA’S IPO OVERSUBSCRIBED

The Sun (Malaysia) - - SUNBIZ -

PETALING JAYA: Kejuruteraan Asastera Bhd, which is set to be listed on the Ace Mar­ket of Bursa Malaysia this Fri­day, saw an over­sub­scrip­tion rate of 57.33 times for its ini­tial pub­lic of­fer­ing (IPO). The elec­tri­cal and me­chan­i­cal en­gi­neer­ing ser­vices firm told Bursa Malaysia that a to­tal of 9,998 ap­pli­ca­tions for 933.28 mil­lion shares were re­ceived from the pub­lic for 16 mil­lion shares made avail­able for pub­lic sub­scrip­tion. The is­sue price for its IPO is 25 sen per share.

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