China Stationery IPO Subscription Rate Only 50 Percent


China Stationery Limited Initial Public Offering (IPO) did not received a good response response of their public portion of 60 million shares. The subscription rate was only 50 percent.

The IPO attracted 2,836 applications or 29.88 million shares. The remaining unsubscribed 30.1 million shares relocated to the private placement.

In addition, 163 million shares made available for private placement to identified investors have been placed out.

For those who apply for the IPO, they will get what they apply for.

Notices of Allotment will be dispatched by post to all successful applicants on or before 23rd February 2012. China Stationery is expected to be listed on the Main Market of Bursa Malaysia on 24th February 2012 under the stock name “CSL”.

Detail’s information is available in Bursa Malaysia webpage.

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