Under the Bumiputera Malaysian Public category, a total of 2,475 applications for 80,304,700 IPO Shares were received, which represents an oversubscription rate of 2.15 times. Under the other Malaysian Public category, a total of 4,801 applications for 333,342,400 (IPO Shares were received, which represents an oversubscription rate of 12.07 times.
Relax, MTEC is in the right industry, and the cable business is booming. According to the research, the global wire and cable compound is expected to grow at a CAGR of 8.86%
Dnt worry, this company has strong client base and major players in town are its clients, e.g. MNHLDG, JTGROUP, etc. So, anticipate it will rebound tmr
"tmr rebound??" - In my opinion, most likely not and will drop further due to the selling pressure and lack of buyers. Perhaps it may range between 35 cents to 38 cents (still below the IPO price).
Don't know & cannot confirm. Any possibility that the boss has offloaded those offer for sales shares below the IPO price to his friends. Those dumping from RM0.39 to RM0.36 perhaps got it below RM0.30? Cannot confirm.
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Posted by Profit101 > 2023-12-28 18:01 | Report Abuse
ACE Market-bound Master Tec to price IPO at 39 sen apiece to raise over RM111m
https://theedgemalaysia.com/node/695451