Agricore’s IPO attracts RM669.21mil public interest

TheStar Tue, Jun 11, 2024 03:53pm - 1 week View Original


Agricore CS Holdings Bhd managing director Oon Boon Khong.

PETALING JAYA: Agricore CS Holdings Bhd’s public offering (IPO) has attracted RM669.21mil in public interest, following just RM5.07mil worth of its public portion shares on sale.

In a statement, the food ingredients supplier said 10.14 million new shares made available to the Malaysian public via balloting was oversubscribed by 130.99 times, after a total of 15,304 applications for 1.134 billion new shares were received.

The Bumiputera public portion of shares was oversubscribed by 113.57 times, after a total of 8,594 applications for 580.88 million new shares received.

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