TT Vision’s shares which will be floated on the ACE market of Bursa Malaysia Secueities is oversubscribed.
A total of 21,796 applications for 2,109,562,900 TT Vision Shares with a value of RM717.25 million were received from the Malaysian Public for 23,400,000 Public Issue Shares that were made available for application by the Malaysian Public, which represents an overall oversubscription rate of 89.15 times, according to the statement published.
Whereas for the Bumiputera portion, a total of 11,224 applications for 774,546,200 TT Vision’s Shares were received which represents an oversubscription rate of 65.20 times.
Meanwhile for the public portion, a total of 10,572 applications for 1,335,016,700 TT Vision’s Shares were received which represents an oversubscription rate of 113.10 times.
Meanwhile, 18,100,000 New Shares made available for application by the eligible Directors, employees and persons who have contributed to the success of the TTVHB group have also been fully subscribed.
Further, the Sole Placement Agent has confirmed that the 53,500,000 Shares made available for application by way of private placement have been fully placed out to selected investors.
The notices of allotment will be posted to all successful applicants on or before January 17, 2023.