Evocom's IPO Gets Oversusbcribed 3.6 Times

Evocom's (KLSE:EVOCOM) initial public offering drew an overall oversubscription rate of 3.60x, according to a Friday filing.

The logistics and workforce services company received 6,326 applications for 104.7 million shares from the Malaysian public. The IPO comprises 113.9 million new shares and an offer for sale of 22 million existing shares at 0.18 ringgit per share.

Meanwhile, 34.2 million new shares and 22 million offer shares were fully placed with selected investors, while 57 million new shares were fully placed with selected Bumiputera investors.

What else is happening in Asia?

Asia2d ago

Newlink Technology's Potential Acquisition of HK Ant Global Investment Falls Through

Newlink Technology (HKG:9600) terminated a memorandum of intent for the potential acquisition of HK Ant Global Investment.The parties had entered the memorandum in May, a Friday bourse filing showed.

HKG:9600

Asia2d ago

New Concepts Raises HK$4.9 Million from Share Issue

New Concepts Holdings (HKG:2221) completed the issue of 5 million new shares to Du Lei to raise net proceeds of nearly HK$4.9 million.The parties had entered into the share subscription agreement earlier in September, a Friday bourse filing showed.The construction company plans to use proceeds for general working capital.

HKG:2221

Asia2d ago

Eternity Investment Unit, Director Dispose Of Stake in China Healthwise

Eternity Investment (HKG:0764) unit Eternity Finance and executive director Lei Hong Wai agreed to sell around 169 million and 18.7 million respective shares in China Healthwise (HKG:0348).The shares, representing an 18.3% and 2% stake in China Healthwise, respectively, were sold to Hwa Sheng International Investment at HK$0.08 apiece, a Friday bourse filing showed.The company will receive a consideration of around HK$13.5 million from the disposal and cease to hold any stake in China Healthwise following completion.Proceeds will be used to repay a margin loan, as well as for general working capital.

HKG:0348HKG:0764