KUALA LUMPUR: Senheng New Retail Bhd’s initial public offering (IPO) for the public portion has been oversubscribed by 10.4 times.
Senheng received a total of 16,548 applications for 343.2 million shares with an aggregate value of RM367.3mil, for the public portion of the group’s IPO comprising 30.0 million shares made available for application by the Malaysian public.
Senheng is expected to list on the Main Market of Bursa Malaysia on Jan 25 and is slated to be the first Main Market listing for the year.
Executive chairman Lim Kim Heng said: “The oversubscription of Senheng’s IPO indicates the public confidence our over 30-year
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