MST Gold which is eyeing a main market listing on the local bourse, has announced a total of 228,000,000 ordinary shares with 68,000,000 existing shares and an offer price of RM0.81 per share.
Malaysian Issuing House Sdn Bhd said the IPO of MST Golf has been subscribed by 5.28 times.
The total demand for the 228,000,000 IPO Shares represents a subscription rate of 5.28 times while the institutional offering of up to 178,600,000 Shares comprising of 110,600,000 Issue Shares and 68,000,000 Offer Shares was subscribed by 6.39 times. The institutional offering received an overwhelming demand of approximately RM924 million after receiving significant interest from institutional and selected investors.
A total of 2,603 applications for 62,725,400 Issue Shares with a value of RM50,807,574 were received from the Malaysian public for the 41,500,000 Issue Shares made available for application by the Malaysian public, representing an overall subscription rate of 1.51 times. For the Bumiputera portion, a total of 1,316 applications for 15,471,800 Issue Shares were received, representing a subscription rate of 0.75 times, while 1,287 applications for 47,253,600 Issue Shares were received under the other Malaysian public portion, representing a subscription rate of 2.28 times.
MST Golf operators the largest retail chain of golf equipment and activities related to the sport, the listing is scheduled for 20 July.
