Oiltek International Limited announced that it has received strong demand for its IPO where the public tranche was 112.9x subscribed. On an overall basis, the IPO was 4.3x subscribed.
Mr. Henry Yong Khai Weng (杨淳麟), Executive Director and CEO of Oiltek, said, "The
positive demand from both retail and institutional investors indicates a clear signal of
investors' confidence in Oiltek's business model and growth potential. This is the
beginning of our new corporate journey. With an acceleration of global trends shifting
towards sustainability, we are incredibly excited about the opportunity to create value for
all stakeholders by capitalising on the rising growth of the renewable energy sector.
For investors who apply for 100,000 shares, you will have a 25% chance of success and be allotted 4,000 shares.
Substantial applicants are also presented below.
The IPO will start trading tomorrow at 9am. Good luck to those who were allotted.
Happy Oilteking
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