REACH Energy IPO - Oversubscribed by 41.86 times !

REACH Energy Berhad IPO attracted a total of 23,821 applications for 857.30 million shares from the Malaysian public, representing an oversubscription rate of 41.86 times.

A total of 10,839 applications for 349.03 million shares were received under Bumiputera category, representing an oversubscription rate of 33.90 times.

For non-Bumiputera portion, 12,982 applications for 508.26 million shares were received, representing an oversubscription rate of 49.83 times.

Reach Energy, the largest oil and gas SPAC on Bursa Malaysia will be listed on 15 August 2014. The stock name is REACH.