Main Market-bound Reach Ten's IPO oversubscribed by 1.85 times

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The Star 3d ago

Main Market-bound Reach Ten's IPO oversubscribed by 1.85 times - The Star

Quick Summary:

KUALA LUMPUR: The public portion of Sarawak-based telecommunications company Reach Ten Holdings Bhd's initial public offering (IPO) has been oversubscribed by 1.85 times, ahead of its scheduled listing on the Main Market of Bursa Malaysia on May 2, 2025.

Main Market-bound Reach Ten's IPO oversubscribed by 1.

Managing director Leo Chin said that with the IPO funds in place, the company is on track to expand its telecommunications infrastructure in Sarawak and further grow its business.