KUALA LUMPUR, May 6 — LKL International Bhd, en route to a listing on Bursa Malaysia ACE Market, has received an oversubscription rate of 92.84 times for its eight million shares made available for public subscription.
A total of 12,642 applications for 750.73 million shares were received from the public, including 6,621 applications for 350.96 million shares under the Bumiputera category, which saw an oversubscription of 86.74 times for the four million shares offered under the category.
LKL International said pursuant to the terms of the prospectus, 9.31 million shares initially reserved for Bumiputera investors approved by the Ministry of International Trade and Industry (MITI) were clawed back and made available to the Malaysian public under the Bumiputera category via balloting.
Initially, 49.6 million shares were made eligible for Bumiputera investors approved by MITI.
Apart from that, 13.2 million shares have been allocated to eligible directors, employees and persons who have contributed to the success of LKL International and 42.2 million shares set aside for selected investors. — Bernama
