Friday, July 19, 2013

SONA Petroleum IPO - Oversubscribed 5.97 times



SONA Petroleum Bhd's IPO offered up to 141 million shares together with up to 141 million attached warrants were oversubscribed by 5.97 times.

A total of 24,035 applications for 842 million shares amounting to RM421 million were received for 141 million shares reserved for public subscription, which represents a subscription rate of 5.97 times.

Those successful applicants will receive their allotment for Public Issue Shares and attached Warrants through mail on or before 29 July 2013.

The listing date is set to 30 July 2013.

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