SBH Marine Holdings IPO in conjunction with the Ace Market listing announced that the 45,000,000 Issue Shares made
available for application by the Malaysian public have been oversubscribed.
The company said a total of 10,071 applications for 1,289,475,100 Issue Shares with a value of RM283,684,522.00 were received from the Malaysian public, which represents an overall oversubscription rate of 27.66 times. For the Bumiputera portion, a total of 5,207 applications for 473,722,900 Issue Shares were received, which represents an oversubscription rate of 20.05 times.
For the public portion, a total of 4,864 applications for 815,752,200 Issue Shares were received, which represents an
oversubscription rate of 35.26 times.
Further, the Sole Placement Agent has confirmed that the 61,000,000 Issue Shares and 50,000,000 Offer Shares made
available by way of private placement to Bumiputera investors approved by the MITI, as well as the 38,000,000 Issue
Shares made available by way of private placement to selected investors have been fully placed out. The notices of allotment will be posted to all successful applicants on 4 April 2024.
KAF Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter and Sole Placement Agent for this IPO.
