RADIANT GLOBALTECH’S IPO OVERSUBSCRIBED 6.7 TIMES

PETALING JAYA: Retail technology solutions provider Radiant Globaltech Bhd saw the public tranche of its IPO on the ACE Market oversubscribed by 6.7 times. The group said in a statement that it had received a total of 2,193 applications for 84.99 million shares with a total value of RM19.5 million. The public tranche entails a total of 11.0 million shares for application by the Malaysian public. Radiant aims to raise RM29.5 million in proceeds.