Business

Published: Friday June 15, 2012 MYT 7:48:00 PM

Felda Global Ventures IPO oversubscribed 6.75 times


KUALA LUMPUR: The public portion of Felda Global Ventures Holdings Bhd's (FGVH) initial public offering (IPO) comprising 72.963 million shares was oversubscribed by 6.75 times.

A total of 58,562 applications for 565.4 million shares were received from the Malaysian public, Malaysian Issuing House Sdn Bhd (MIH) said on Friday.

A total of 36.48 million shares have been set aside for allotment under the Bumiputera category, representing 50% of shares offered for public subscription while the balance of 36.48 million shares were allotted under the public category.

"A total of 21,829 applications for 195.69 million issue shares were received under the Bumiputera category, representing an oversubscription of 4.36 times.

"Under the public category, 36,706 applications for 369.71 million shares were received for an oversubscription of 9.13 times," it said in a statement today.

The joint global coordinators and joint bookrunners have confirmed that the institutional offering of 1.92 billion shares has been fully placed out, MIH said.

"The institutional price was fixed at RM4.55 per share.

"Accordingly, the final IPO price for the retail offering is fixed at RM4.45 per share and refund of the difference of 10 sen per share will be dispatched to successful retail applicants within 10 market days starting today," it added. - Bernama

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