PETALING JAYA: Johor-based automation solutions provider i-Stone Group Bhd’s initial public offering (IPO) has been oversubscribed by 11.56 times ahead of the group’s listing on the Ace Market of Bursa Malaysia on July 17.
In a filing with Bursa Malaysia, i-Stone said a total of 6,522 applications for 767.29 million new shares valued at RM122.76mil were received for the retail offering of 61.07 million new shares.
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