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Article: IPO OF MALAYSIA'S SKB SHUTTERS OVERSUBSCRIBED 2.41 TIMES.
- Article from:
- AsiaPulse News
- Article date:
- March 13, 2001
CopyrightCOPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KUALA LUMPUR, March 13 Asia Pulse - SKB Shutters Corp Berhad's public issue of 6.15 million new ordinary shares has closed over-subscribed 2.41 times.
The over-subscription reflects public confidence in SKB, said Danny Sin Kheng Lee, the group's executive chairman and group managing director at a press conference, after the balloting of the company's public-issue shares.
A total of 9,872 applications for 16.162 million shares were
received from the public, for a total of 4.739 million shares available.
The rate of over-subscription received for Bumiputera-allocated shares was 3.15 times, while the public-allocated shares were ...