Boustead Plantations Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 64 million shares. It was oversubscribed by 6 times. The IPO attract 30,787 applications for 448 million shares.
The Institutional Price was fixed at RM1.60 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM1.60 per Offer Share as set out in the prospectus. As such there is no refund to be made to successful retail applicants.
Notices of Allotment will be dispatched by post to all successful applicants on or before 25th June 2014. Boustead Plantations is expected to be listed on the Main Market of Bursa Malaysia on 26th June 2014 under stock name “BPLANT”.
Detail please refer to Bursa Malaysia webpage
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