EVERGREEN MAX CASH CAPITAL BERHAD IPO OVERSUBSCRIBED 53.06 TIMES

Evergreen Max Cash Capital Bhd’s (EMCC) initial public offering (IPO) for the public potion was oversubscribed by 53.06 times.

EMCC received 14,568 applications for 3.01 billion shares with a value of RM722.66 million for 55.70 million shares allocated to the Malaysian public, which represents an oversubscription rate of 53.06 times.

For the Bumiputera public portion, 4,596 applications for 656.83 million shares were received, representing an oversubscription rate of 22.58 times.

Meanwhile, for the non-Bumiputera public portion, there were 9,972 applications for 2.35 billion shares, representing an oversubscription rate of 83.53 times.

For the Bumiputera public portion, 4,596 applications for 656.83 million shares were received, representing an oversubscription rate of 22.58 times.

Meanwhile, for the non-Bumiputera public portion, there were 9,972 applications for 2.35 billion shares, representing an oversubscription rate of 83.53 times.

The 27,900,000 new shares made available for application by the eligible directors, employees and persons who have contributed to the success of EMCC have been fully subscribed.

Meanwhile, 44,600,000 new shares and 43,000,000 existing shares made available by way of placement to selected investors have also been fully subscribed.

In addition, the 139,400,000 new shares made available by way of placement to selected Bumiputera investors approved by the Ministry of Investment, Trade, and Industry have also been fully placed out.

Notices of allotment will be sent to all successful applicants on or before Sept 22, 2023.

EMCC is en route to a listing on the ACE Market of Bursa Malaysia on Sept 26, 2023.

For media coverage, please refer link below:

1.https://enewspapermy.com/business/evergreen-max-cash-ipo-oversubscribed-53-times-ahead-of-listing-enews-malaysia/

2.https://www.bharian.com.my/bisnes/korporat/2023/09/1153213/ipo-syarikat-pajak-gadai-emcc-terlebih-langgan-5306-kali?utm_source=lumi&utm_medium=lumi_web&utm_campaign=article

3.https://www.bernama.com/bm/news.php?id=2226028

4.https://www.businesstoday.com.my/2023/09/15/pawn-broker-evergreen-max-cash-ipo-oversubscribed-53-times/

5.https://www.chinapress.com.my/20230915/%E8%8B%8C%E8%8F%81%E8%B5%84%E6%9C%ACipo-%E8%8E%B7%E8%B6%85%E9%A2%9D%E8%AE%A4%E8%B4%AD53%E5%80%8D/

6.https://www.dagangnews.com/index.php/article/ipo-evergreen-max-cash-capital-terlebih-langgan-sebanyak-5306-kali-30414

7.https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E5%85%B8%E5%BD%93%E6%9C%8D%E5%8A%A1%E4%B8%9A%E8%80%85-%E8%8B%8C%E8%8F%81%E8%B5%84%E6%9C%AC%E9%A6%96%E5%8F%91%E8%82%A1%E8%B6%85%E8%B4%AD53%E5%80%8D

8.https://malaysiandailynews.com/bahagian-awam-ipo-emcc-terlebih-langgan-53-06-kali/

9.https://malaysiandailynews.com/evergreen-max-cash-ipo-oversubscribed-53-times-ahead-of-listing/