News in brief
Shares of ASDION BHD made available to the public under the company initial public offering have been 61.07 times oversubscribed, Malaysian Issuing House Sdn Bhd (MIH) said.
MIH said a total of 15,124 applications for 124.13 million shares were received for the two million shares available for public subscription.
The shares of the software solutions provider were offered at 50 sen each. The company said notices of allotment would be sent to all successful applicants before Jan 11.
It also said the institutional tranche of nine million shares had been fully subscribed.
Source: biz.thestar.com.my/news/story.asp?file=
/2005/1/5/business/9816913&sec=business
