MST Gold, which is considering a listing on the local bourse’s main market, announced a total of 228,000,000 ordinary shares with 68,000,000 existing shares and an offer price of RM0.81 per share.
Malaysian Issuing House Sdn Bhd said MST Golf’s IPO was subscribed 5.28 times.
The total demand for the 228,000,000 IPO shares represents a subscription rate of 5.28 times, while the institutional offering of 178,600,000 shares, comprising 110,600,000 issued shares and 68,000,000 offered shares, was subscribed 6.39 times. The institutional offering received massive demand of approximately RM924 million after attracting significant interest from institutional and select investors.
A total of 2,603 ​​applications for 62,725,400 issued shares worth RM50,807,574 were received from the Malaysian public for the 41,500,000 issued shares made available to the Malaysian public, representing an aggregate subscription rate of 1.51 times. For the Bumiputera portion, a total of 1,316 applications for 15,471,800 issued shares were received, representing a subscription rate of 0.75 times, while 1,287 applications for 47,253,600 issued shares were received under the other Malaysian public portion, representing a subscription rate of 2.28 times.
MST Golf operates the world’s largest retail chain of golf equipment and related activities, with a listing scheduled for July 20.
