AIM Public Offer Oversubscribed 55 Times
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Apr 10, 2006 - The Edge Daily


Advance Information Marketing Bhd public offer of one million shares of 10 sen each at an offer price of 42 sen has been oversubscribed by 55.45 times.

Malaysian Issuing House said on April 10 there were 9,786 applications for 56.44 million shares from the public.

MIH also said the placement agent confirmed that 33 million had also been placed out to identified investors. Another one million share were reserved for eligible directors and employees.

Under the listing exercise, the initial public offer comprised of 35 million new shares.