In a statement, the group said a total of 5,285 applications were received from the Malaysian public for 179.51 million shares. Of these, 2,747 applications were for 59.43 million shares allocated for the Bumiputera, representing an oversubscription rate of 0.61 times. The non-Bumiputera portion, meanwhile, received 2,538 applications for 120.08 million shares, representing an oversubscription rate of 2.24 times. The private placement of 207.34 million shares — involving 22.22 million shares for identified institutional and/or selected investors, along with 185.18 million shares for identified Bumiputera investors approved by the Ministry of International Trade and Industry — have also been fully placed out, said Leform. Read also:Leform to raise RM71.5m for strategic expansion through ACE Market IPOACE Market-bound Leform inks underwriting deal with MIDF InvestmentSteel product maker Leform gets nod to list on ACE MarketSteel products manufacturer Leform eyes ACE Market listing
