Business

Tuesday June 25, 2013

AirAsia X public retail offering oversubscribed


PETALING JAYA: AirAsia X Bhd’s public retail offering of 150 million shares was oversubscribed by 3.83 times.

Malaysian Issuing House Sdn Bhd (MIH) said the public retail offering was made to Malaysian citizens, companies, co-operatives, societies and institutions.

“A total of 38,975 applications for 574.99 million issue shares were received from the Malaysian public for a total of 150 million issue shares available under the public retail offering, representing a subscription rate of 3.83 times,” it said.

MIH said the institutional offering to Malaysian and foreign institutional investors and selected investors including bumiputra institutional and elected approved by the International Trade and Industry Ministry had also closed.

It said as the institutional price was fixed at RM1.25 per share on June 21, the final retail price was fixed at RM1.25 per share and the difference of 20 sen a share would be refunded to successful retail applicants within 10 market days from yesterday.

A total of 75 million issue shares were set aside for application by bumiputra retail investors under the public retail offering, representing 50% of the total issue shares offered.

The remaining 75 million were set aside for non-bumiputra Malaysian retail investors.

“A total of 7,103 applications for 103.55 million issue shares were received under the bumiputra category, representing a subscription rate of 1.38 times.

“Meanwhile, 31,872 applications for 471.45 million issue shares were received under the non-bumiputra category, representing a subscription rate of 6.29 times,” said MIH.

  • E-mail this story
  • Print this story
  • Bookmark and Share
 

advertisement