Hiap Huat Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 5 million shares. It was oversubscribed by 136.10 times. The IPO attract 10,263 applications or 685.5 million shares.
The IPO allocate 5 million shares for Malaysian public. In addition, 130 million shares made available for private placement has been placed out.
Below are the allotment summary.
Allotment summary for Public portion
|Denomination||No of Application||No of Successful Application||% Chance||Share / Successful Applications|
Notices of Allotment will be dispatched by post to all successful applicants on or before 23rd November 2012. Hiap Huat Holdings is expected to be listed on the ACE Market of Bursa Malaysia on 26th November 2012 under stock name “HHHCORP”.
Details information are available in Bursa Malaysia webpage.