TEAMSTAR BERHAD - INITIAL PUBLIC OFFERING ("IPO") OF 204,000,000 ORDINARY SHARES IN TEAMSTAR BERHAD ("TEAMSTAR OR "COMPANY") ("SHARES") COMPRISING PUBLIC ISSUE OF 132,000,000 NEW SHARES AND OFFER FOR SALE OF 72,000,000 EXISTING SHARES ("COLLECTIVELY, "IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED SHARES ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") AT AN IPO PRICE OF RM0.26 PER SHARE, PAYABLE IN FULL UPON APPLICATION

AscendServ Capital Markets Services Sdn Bhd is pleased to announce that the 40,000,000 IPO Shares made available for application by the Malaysian Public have been fully subscribed with an oversubscription rate of 4.20 times.

The IPO received 3,596 applications for 207,925,100 IPO Shares, amounting to a total value of RM54,060,526.00. 

The notice of allotment will be mailed to all successful applicants latest by 23 February 2026.