Thursday, October 3, 2013

WESTPORTS IPO - Oversubscribed 5.30 times !



The Public Retail Offering of 68,200,000 shares were made available to the Malaysian public, and 50% of them are reserved for Bumiputra subscribers.

A total of 32,835 applications for 429,799,600 Westports Holdings Bhd Offer Shares were received from the Malaysian public.

The subscription represents an overall over-subscription rate of 5.30 times.
 
Those eligible for the above shares are Malaysian citizens, companies, co-operatives, societies and institutions.

According to the report, a total of 7,700 Offer Shares which were not taken up by the Pink Form Applicants were made available to the Malaysian public.

The tentatively listing date is set to 18 October 2013.

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