KUALA LUMPUR (Dec 19): Advance Information Marketing Bhd's three-for-one rights issue with free warrants has been oversubscribed by 32.9%.

In a bourse filing on Tuesday, the group said it received valid acceptances and excess applications for a total of 388.94 million rights shares, in respect of the 292.66 million shares available for subscription.

“The excess rights shares with warrants have firstly been allocated to minimise the odd lots held by each applicant," the group said, adding that the balance shares were distributed to those who had applied for excess rights shares.

The rights shares are expected to be listed on the ACE Market of Bursa Securities on Dec 28.

Shares in Advance Information closed unchanged at 12 sen, giving the group a market capitalisation of RM46.9 million.