CBH Engineering's IPO Gets Oversubscribed By 34.21 Times

MT Newswires Live01-07 14:17

ACE Market-bound CBH Engineering said its initial public offering (IPO) was oversubscribed by 34.21 times, according to a Monday prospectus filed on Bursa Malaysia.

The company offered 94.1 million shares to the public at 0.28 ringgit apiece.

The mechanical and electrical engineering services provider received a total of 24,992 applications for 3.31 billion shares worth 927.2 million ringgit from the Malaysian public.

Of these, a total of 12,175 applications for 1.28 billion shares were received for the Bumiputera portion, representing an oversubscription rate of 26.13 times.

A total of 12,817 applications for 2.04 billion shares were received for the public portion, showing an oversubscription rate of 42.29 times.

Meanwhile, 28.4 million shares made available for application by eligible persons were also fully subscribed.

Moreover, 47 million issue shares and 188.1 million existing shares via private placement to selected Bumiputera investors approved by Miti have been fully placed out.

Further, the sole placement agent has confirmed that the 128.5 million shares by way of private placement to selected investors were fully subscribed.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2501303242?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-07 14:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2501303242","market":"nz","top_or_hot":-1,"title":"CBH Engineering's IPO Gets Oversubscribed By 34.21 Times","media":"MT Newswires Live","content":"<html><body><p> ACE Market-bound CBH Engineering said its initial public offering (IPO) was oversubscribed by 34.21 times, according to a Monday prospectus filed on Bursa Malaysia.</p><p>The company offered 94.1 million shares to the public at 0.28 ringgit apiece.</p><p>The mechanical and electrical engineering services provider received a total of 24,992 applications for 3.31 billion shares worth 927.2 million ringgit from the Malaysian public.</p><p>Of these, a total of 12,175 applications for 1.28 billion shares were received for the Bumiputera portion, representing an oversubscription rate of 26.13 times.</p><p>A total of 12,817 applications for 2.04 billion shares were received for the public portion, showing an oversubscription rate of 42.29 times.</p><p>Meanwhile, 28.4 million shares made available for application by eligible persons were also fully subscribed.</p><p>Moreover, 47 million issue shares and 188.1 million existing shares via private placement to selected Bumiputera investors approved by Miti have been fully placed out.</p><p>Further, the sole placement agent has confirmed that the 128.5 million shares by way of private placement to selected investors were fully subscribed.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CBH Engineering's IPO Gets Oversubscribed By 34.21 Times</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCBH Engineering's IPO Gets Oversubscribed By 34.21 Times\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-07 14:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ACE Market-bound CBH Engineering said its initial public offering (IPO) was oversubscribed by 34.21 times, according to a Monday prospectus filed on Bursa Malaysia.The company offered 94.1 million ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2501303242","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501303242","pubTimestamp":1736230665,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"ACE Market-bound CBH Engineering said its initial public offering (IPO) was oversubscribed by 34.21 times, according to a Monday prospectus filed on Bursa Malaysia.The company offered 94.1 million sha","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"CBH Engineering IPO获得34.21倍超额认购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IPO":1},"content_text":"ACE Market-bound CBH Engineering said its initial public offering (IPO) was oversubscribed by 34.21 times, according to a Monday prospectus filed on Bursa Malaysia.The company offered 94.1 million shares to the public at 0.28 ringgit apiece.The mechanical and electrical engineering services provider received a total of 24,992 applications for 3.31 billion shares worth 927.2 million ringgit from the Malaysian public.Of these, a total of 12,175 applications for 1.28 billion shares were received for the Bumiputera portion, representing an oversubscription rate of 26.13 times.A total of 12,817 applications for 2.04 billion shares were received for the public portion, showing an oversubscription rate of 42.29 times.Meanwhile, 28.4 million shares made available for application by eligible persons were also fully subscribed.Moreover, 47 million issue shares and 188.1 million existing shares via private placement to selected Bumiputera investors approved by Miti have been fully placed out.Further, the sole placement agent has confirmed that the 128.5 million shares by way of private placement to selected investors were fully subscribed.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2501303242"}