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NewsBioalpha's public issue oversubscribed 32.19 times
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Bioalpha's public issue oversubscribed 32.19 times
by Cals Tue 07 Apr 2015, 08:40
Bioalpha's public issue oversubscribed 32.19 times
By Sulhi Azman / theedgemarkets.com | April 6, 2015 : 9:22 PM MYT
KUALA LUMPUR (Apr 6): [size=14]Bioalpha Holdings Bhd’s public issue of 20 million shares at an offer price of 20 sen a share was oversubscribed 32.19 times.
In a statement today, Bioalpha, enroute to a listing on the ACE Market of Bursa Malaysia, said a total of 9,804 applications for 663.7 million shares were received from the public.
"A total of 5,308 applications for 326.41 million shares were received under the bumiputera category, representing an oversubscription rate of 31.64 times, while 4,496 applications for 337.29 million shares were received under the other public category, representing an oversubscription rate of 32.73 times," it added.
The placement of 80 million shares to selected investors was also placed out.
Bioalpha's initial public offering comprises 100 million new shares, of which 20 million shares are allocated to the public and 80 million shares by way of placement to selected investors.
All notices of allotment for the shares will be mailed to the successful applicants on or before April 13, said Bioalpha.
The company is involved in the manufacturing and sale of semi-finished and finished health supplement products.
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By Sulhi Azman / theedgemarkets.com | April 6, 2015 : 9:22 PM MYT
KUALA LUMPUR (Apr 6): [size=14]Bioalpha Holdings Bhd’s public issue of 20 million shares at an offer price of 20 sen a share was oversubscribed 32.19 times.
In a statement today, Bioalpha, enroute to a listing on the ACE Market of Bursa Malaysia, said a total of 9,804 applications for 663.7 million shares were received from the public.
"A total of 5,308 applications for 326.41 million shares were received under the bumiputera category, representing an oversubscription rate of 31.64 times, while 4,496 applications for 337.29 million shares were received under the other public category, representing an oversubscription rate of 32.73 times," it added.
The placement of 80 million shares to selected investors was also placed out.
Bioalpha's initial public offering comprises 100 million new shares, of which 20 million shares are allocated to the public and 80 million shares by way of placement to selected investors.
All notices of allotment for the shares will be mailed to the successful applicants on or before April 13, said Bioalpha.
The company is involved in the manufacturing and sale of semi-finished and finished health supplement products.
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