Friday 29 Mar 2024
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KUALA LUMPUR (Sept 7):  The general public portion for the Initial Public Offering (IPO) of  Aemulus Holdings Bhd, which is en route to list on the ACE Market of Bursa Malaysia on Sept 15,  has been oversubscribed 13.05 times. 

In a statement today, the Penang-based electrical and electronic (E&E) company said a total of 6,726 applications for 3.08 million IPO shares with a value of RM86.31 million were received from the Malaysian public for 21.94 million IPO shares made available for public subscription.
 
For the bumiputera portion, a total of 3,949 applications for 163.02 million IPO shares were received, which represents an oversubscription rate of 13.86 times.

For the public portion, a total of 2,777 applications for 145.23 million IPO shares were received, which represents an oversubscription rate of 12.24 times.

Aemulus said the 13.17 million IPO shares available for application by the directors and eligible employees of the group have also been fully subscribed.
 
In addition, the 96.57 million IPO shares available for private placement to selected investors and identified investors have been fully placed out.
 
Aemulus’ IPO involves a public issue of 87.79 million new shares and an offer for sale of 43.89 million offer shares, at an offer price of 28 sen per share.

Aemulus said the notices of allotment will be mailed to all successful applicants on or before Sept 14.

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