PETALING JAYA: Senheng New Retail Bhd’s public portion of its initial public offering (IPO) was oversubscribed by 10.4 times.
Senheng received 16,548 applications for 343.2 million shares valued at RM367.3mil, for the public portion comprising 30 million shares.
The leading consumer electrical and electronics or E&E retailer is due to list on the Main Market on Jan 25, 2022, and is slated to be the first Main Market listing for the year.
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