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Pioneer Heat’s IPO oversubscribed 47.80 times

PETALING JAYA: Pioneer Heat Holdings Bhd's initial public offering (IPO) has been oversubscribed by 47.80 times, ahead of its listing on the ACE Market of Bursa Securities on Sept 17.

The Star MalaysiaThe Star查看原文 ↗
Pioneer Heat的IPO认购倍数高达47.80倍。

Pioneer Heat Holdings Bhd chief executive officer and executive director Wong Wei Ken.

PETALING JAYA: Pioneer Heat Holdings Bhd’s initial public offering (IPO) has been oversubscribed by 47.80 times, ahead of its listing on the ACE Market of Bursa Securities on Sept 17.

In a statement, the mechanical engineering services provider said its IPO comprises a public issue of 86.700 million new ordinary shares and an offer for sale of 17.345 million existing ordinary shares.

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