KUALA LUMPUR (June 10): The public portion of ACE Market-bound steel pole maker Mestron Holdings Bhd's initial public offering (IPO) has been oversubscribed by 17.53 times. It said the 8.75 million new shares available for application by eligible directors and employees had also been fully subscribed. Under the listing exercise, Mestron said it has raised RM25.28 million from its public issue of 158 million new shares at 16 sen per share. M&A Securities Sdn Bhd is the adviser, sponsor, underwriter and placement agent for the IPO exercise. Related stories:Mestron eyes RM25.28m from IPO for expansionSteel pole maker Mestron floats shares en route to ACE Market listing

Source: The Edge Markets June 10, 2019 04:52 UTC