Westport Holdings IPO Oversubscribed by 5.30 times

Westport HoldingsWestport Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 68.2 million shares. It was oversubscribed by 5.30  times. The IPO attract 32,835 applications for 429.8 million shares.

The Institutional Price was fixed at RM2.50 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM2.50 per Offer Share as set out in the prospectus. As such there is no refund to be made to successful retail applicants.

Below are the allotment summary.

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Westport Holdings Berhad IPO

Westport HoldingsWestport Holdings Bhd, the operator of the country’s busiest port, is scheduled to be listed in Main Market of Bursa Malaysia on 18th October 2013.

The Initial Public Offering (IPO) consists of 813.19 million shares. 710.89 million are set aside for cornerstone/institutional investors and 102.3 million for Malaysian Public,employees and people who have contributed to the Westport group.

The retail price of the offering is RM2.50 per share at RM0.10 par value. The final retail price will be determine through book building exercise. If the final retail price is less than the retail price, there will be a refund to the retail investors.

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