KUALA LUMPUR, Malaysia – The retail component of CTOS Digital Bhd’s initial public offering was oversubscribed by 27.6 times, the company said in a statement on Thursday. CTOS Digital Bhd is proposing a 1.2 billion ringgit (US$287.08 million) IPO later this month. Out of 44 million shares made available to the Malaysian public in the market’s largest offering so far this year, the credit reporting business received 51,494 applications for 1.26 billion shares.
The institutional issue was fully subscribed by 23 cornerstone investors, including AIA Group Ltd, Aberdeen Standard Investments, and the Employees Provident Fund and Permodalan Nasional Bhd, two of Malaysia’s largest government-linked funds.
CTOS filed its first public offering prospectus last week and plans to list on July 19.
1 US dollar = 4.1800 ringgit
(Liz Lee contributed reporting, and Ed Davies edited the piece.)
Reuters is the source of this information./n
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