TMK Chemical’s IPO oversubscribed 14 times

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The story "TMK Chemical’s IPO oversubscribed 14 times" was covered 1 days ago by The Star, a news publisher based in Malaysia.

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The Star 1d ago

TMK Chemical’s IPO oversubscribed 14 times - The Star

Quick Summary:

TMK Chemical Bhd, slated to be listed on the Main Market of Bursa Malaysia on Dec 12, announced that the 20 million initial public offering (IPO) shares made available for application by the Malaysian public have been oversubscribed by over 14 times.

Meanwhile, the filing also reported that the institutional offering of 190 million IPO shares to institutional and selected investors, was also fully subscribed.

For the bumiputra portion, 6,653 applications for 114,874,100 shares were received, reflecting an oversubscription rate of 10.49 times.