7-Eleven Malaysia IPO - Oversubscribed 4.80 times !

MIH announced that 7-Eleven Malaysia Holdings Berhad initial public offering (IPO) for retail investors has been oversubscribed after the balloting was done on 20/5/2014.

It also announced that a total of 12,761 applications for 195 millions issue shares were received from Malaysian public, representing an over-subscription of 4.8 times.

With RM1.38 per share, this IPO will raise about RM732 millions, making it the largest IPO in Malaysia for the year of 2014.

Tentatively the IPO will be listed in Bursa Malaysia Main Board on 30-May-2014.