Asia
HSS Holdings' ACE Market IPO Oversubscribed
HSS Holdings Berhad's (KLSE:HSSBAKERY) issuance of 25 million new shares to the Malaysian public in conjunction with its initial public offering was oversubscribed 10.56 times, according to a Thursday bourse filing.The offering received 5,097 applications for 289.1 million shares worth 52 million ringgit.The Bumiputera portion attracted 2,523 applications for 103.6 million shares, representing an oversubscription rate of 7.29 times.The public portion received 2,574 applications for 185.5 million shares, representing an oversubscription rate of 13.84 times.The 10 million shares reserved for eligible directors, employees, and contributors were fully subscribed.
KLSE:HSSBAKERY
