UUE Holdings Berhad IPO in conjunction with the ACE Market listing has received overwhelming response, as the 30,415,000 Issue Shares made available for application by the Malaysian public have been oversubscribed.
Accordingly, the company said a total of 25,019 applications for 3,188,496,600 Issue Shares with a value of RM765,239,184.00 were received from the Malaysian public, which represents an overall oversubscription rate of 103.83 times. For the Bumiputera portion, a total of 12,691 applications for 1,141,018,800 Issue Shares were received, which represents an oversubscription rate of 74.03 times. For the public portion, a total of 12,328 applications for 2,047,477,800 Issue Shares were received, which represents an oversubscription rate of 133.64 times.
The notices of allotment will be posted to all successful applicants on 28 June 2024.
M & A Securities Sdn Bhd is the Adviser, Sponsor, Underwriter and Placement Agent for this IPO.
