The Malaysian Issuing House has stated that the IPO of Sunview by the Malaysian public is oversubscribed by 63.19 times. Sunview’s IPO comprises a public issue of 118,000,000 new ordinary shares.
Among the shares, 23,600,000 new Shares are made available for application by the Malaysian public while 9,000,000 new Shares are made available for application by the eligible directors, employees, and persons who have contributed to the success of the Group; and 85,400,000 new Shares made available by way of the private placement to selected investors.
The issuing house said a total of 13,240 applications for 1,514,979,300 new Shares were received from the Malaysian public, representing an oversubscription rate of 63.19 times. A total of 7,116 applications for 600,238,500 new Shares were received under the Bumiputera category, representing an oversubscription rate of 49.87 times, whilst 6,124 applications for 914,740,800 new Shares were received under the other Malaysian public category, representing an oversubscription rate of 76.52 times.
Meanwhile, the total of 9,000,000 new Shares made available for application by the eligible directors, employees, and persons who have contributed to the success of the Group was fully subscribed.
The Placement Agent has confirmed that the 85,400,000 new Shares made available for application by way of the private placement to selected investors have been fully placed.
Alliance Islamic Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter, and Placement Agent for the IPO exercise.
