The ACE Market -bound PT Resources Holdings shall have its listing on the Bursa Securities at an issue price of RM0.36 per share with a public issue of 135,000,000 new ordinary shares.
Of the 26,751,000 PT Resources new shares made available for application by the Malaysian public has been oversubscribed.
A total of 7,947 applications for 681,510,100 new Shares with a value of RM245,343,636 were received from the Malaysian public, which represents an overall oversubscription rate of 24.48 times. For the Bumiputera portion, a total of 4,758 applications for 309,583,500 new Shares were received, which represents an oversubscription rate of 22.15 times. For the public portion, a total of 3,189 applications for 371,926,600 new Shares were received, which represents an oversubscription rate of 26.81 times.
Meanwhile, 13,376,000 new Shares made available for application by the eligible Directors, employees and persons who have contributed to the success of the Group have also been fully subscribed.
Further, the Placement Agent has confirmed that a total of 94,873,000 new Shares made available for application by way of placement to selected investors and selected Bumiputera investors approved by MITI have been fully placed out.
The notices of allotment will be posted to all successful applicants on or before 23 September 2022.
The Principal Adviser, Sponsor, Underwriter and Placement Agent for this IPO is Mercury Securities.