Azam Jaya’s 25 mil IPO shares for public oversubscribed by 23 times
27 Nov 2024
KUALA LUMPUR (Oct 28): Azam Jaya Bhd (KL:AZAMJAYA), a road infrastructure construction firm based in Sabah, announced that its initial public offering (IPO) was oversubscribed by 23 times for the 25 million new shares offered to the Malaysian public.
The company is scheduled to be listed on the Main Market of Bursa Malaysia on Nov 11. The IPO involved a total of 128.80 million shares, comprising 78.80 million new shares and an offer for sale of 50 million shares.
Anis Hazim(2024, October 28) Azam Jaya’s 25 mil IPO shares for public oversubscribed by 23 times
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