The impending listing of YX Precious Metal on the stock market has received a resounding boost when its shares were oversubscribed by more than 26 times.
Tricor Investor & Issuing House Services Sdn Bhd said 18,608,000 Shares were made available for application by the Malaysian public but received 8,105 applications for 509,162,100 new Shares with a value of RM142,565,388 were received from the Malaysian public, which represents an overall oversubscription rate of 26.36 times.
For the Bumiputera portion, a total of 3,923 applications for 173,552,600 new Shares were received, which represents an
oversubscription rate of 17.65 times. For the public portion, a total of 4,182 applications for 335,609,500 new Shares were received, which represents an oversubscription rate of 35.07 times.
Meanwhile, a total of 11,162,000 new Shares were made available for application by the eligible directors and employees of the YXPM Group, directors and employees of Tomei and its subsidiaries as well as any other persons who have contributed to the success of the YXPM Group have also been fully subscribed. The total of 18,608,000 new Shares made available for application by all entitled shareholders of Tomei has also been fully subscribed.
The Sole Placement Agent has confirmed that the 63,270,000 new Shares made available by way of private placement has been fully placed out. Public Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement
Agent for this IPO exercise.
