KUALA LUMPUR (April 8): Golden Destinations Group Bhd, a tourism firm, said the retail portion of its initial public offering (IPO) has been oversubscribed by 2.1 times ahead of its listing on the ACE Market on April 16. In a statement on Wednesday, the company said it received 3,444 applications for 154.89 million IPO shares from the Malaysian public, representing a total value of RM69.7 million. Within this, the Bumiputera portion received 521 applications for 2.7 million IPO shares after clawback and reallocation while the other Malaysian portion recorded an oversubscription rate of 5.09 times. Golden Destinations’ IPO comprises 300 million shares, priced at 45 sen each. This includes a public issue of 200 million new shares and an offer for sale of 100 million existing shares.

Source: The Edge Markets April 08, 2026 14:00 UTC