MYMBN has announced that its public portion of the IPO shares has been oversubscribed by 30.77 times, the IPO involves the issuance of 19,300,000 new Shares available for application by the Malaysian public.
A total of 7,712 applications for 613,135,000 new Shares were received from the Malaysian public, representing an overall oversubscription rate of 30.77 times. For the Bumiputera portion, a total of 3,734 applications for 216,198,800 new Shares were received, representing an oversubscription rate of 21.40 times, while 3,978 applications for 396,936,200 new Shares were received under the other Malaysian public portion, representing an oversubscription rate of 40.13 times.
In addition, the 18,678,000 new Shares made available for application by the eligible directors and employees as well as persons who have contributed to the success of MYMBN and its subsidiaries have been fully subscribed.
Mercury Securities Sdn Bhd as the Sole Placement Agent for the IPO has confirmed that the 60,022,000 new Shares made available for application by way of private placement have been fully placed out to selected investors.
