<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 10): Icon Offshore Bhd's initial public offering (IPO) to Malaysian public of 35.316 million shares, has been oversubscribed by over 16 times.</p></div>

<div class=newsTextDataWrapInner><p>In a statement today, Malaysia Issuing House Sdn Bhd (MIH) said that based on RM1.85 per share, the IPO was the largest in Malaysia thus far this year, with RM944.9 million offering attracting substantial interests from international and Malaysian investors alike.</p></div>

<div class=newsTextDataWrapInner><p>Icon Chief Executive Officer, Dr Jamal Yusof, said the offshore support vessel provider was overwhelmed by the response that it had received.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"Both the management team and our substantial shareholders have worked extremely hard towards the listing of Icon and (are) pleased that this is rewarded with the strong support from investors that we are witnessing. </p></div>

<div class=newsTextDataWrapInner><p>"The investment community has seen the potential in the company and this is reflected by their investments in us. We, on our part, will continue to grow our business and to deliver sustainable value to our investors," he said. </p></div>

<div class=newsTextDataWrapInner><p>Jamal said that the IPO was also anchored by nine cornerstone investors who had agreed to purchase an aggregate of 275 million shares, representing 23.36 per cent of the enlarged issued and paid-up share capital of the company.</p></div><div class=newsTextDataWrapInner><p><br /></p></div>

KUALA LUMPUR (June 10): Icon Offshore Bhd's initial public offering (IPO) to Malaysian public of 35.316 million shares, has been oversubscribed by over 16 times.

In a statement today, Malaysia Issuing House Sdn Bhd (MIH) said that based on RM1.85 per share, the IPO was the largest in Malaysia thus far this year, with RM944.9 million offering attracting substantial interests from international and Malaysian investors alike.

Icon Chief Executive Officer, Dr Jamal Yusof, said the offshore support vessel provider was overwhelmed by the response that it had received.

"Both the management team and our substantial shareholders have worked extremely hard towards the listing of Icon and (are) pleased that this is rewarded with the strong support from investors that we are witnessing. 

"The investment community has seen the potential in the company and this is reflected by their investments in us. We, on our part, will continue to grow our business and to deliver sustainable value to our investors," he said. 

Jamal said that the IPO was also anchored by nine cornerstone investors who had agreed to purchase an aggregate of 275 million shares, representing 23.36 per cent of the enlarged issued and paid-up share capital of the company.

Icon Offshore IPO oversubscribed by over 16 times

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<p>The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.</p>


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<p>A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.</p>


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