YX Precious Metals' IPO public portion oversubscribed 26.36 times

TheStar Tue, Jun 14, 2022 06:35pm - 1 year View Original


KUALA LUMPUR: Gold jewellery wholesaler and manufacturer, YX Precious Metals Bhd's (YXPM) public portion of its initial public offering (IPO) has been oversubscribed by 26.36 times.

The company, a subsidiary of the Main Market-listed Tomei Consolidated Bhd, has received a total of 8,105 applications for 509.16 million shares with a value of RM142.57 million from the Malaysian public.

In a press statement, the group said that for the Bumiputera portion, a total of 3,923 applications for 173.55 million shares were received, representing an oversubscription rate of 17.65 times, while for the public portion, a total of 4,182 applications for 335.61 million shares were received, representing an oversubscription rate of 35.07 times.

Meanwhile, a total of 11.16 million shares made available for application by the eligible directors and employees of the YXPM group, directors and employees of Tomei and its subsidiaries as well as any other persons who have contributed to the success of the YXPM group have also been fully subscribed.

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