Ace market-bound Panda Eco System’s IPO balloting for application by the Malaysian public has been oversubscribed by 153.47 times.
Out of the Public issue of 109,286,800 Issue Shares, 33,559,400 Issue Shares were made available for application by the Malaysian public; 42,774,200 Issue Shares were made available for application by the eligible Directors, employees, and persons who have contributed to the success of the Group; and 32,953,200 Issue Shares made available by way of private placement to selected investors.
The group said a total of 20,021 applications for 5,183,828,300 Issue Shares with a value of RM829,412,528 were received from the Malaysian public, which represents an overall oversubscription rate of 153.47 times. For the Bumiputera portion, a total of 11,444 applications for 2,413,834,900 Issue Shares were received, which represents an oversubscription rate of 142.85 times. For the public portion, a total of 8,577 applications for 2,769,993,400 Issue Shares were received, which represents an oversubscription rate of 164.08 times.
