KUALA LUMPUR: KEB Bhd’s initial public offering (IPO) has been fully subscribed ahead of its listing on the ACE Market of Bursa Malaysia on Nov 16.

The property developer said it received 2,126 applications for 44.47 million shares from the Malaysian public, compared with the 44.12 million shares available.

Of the total, 1,071 applications for 27.31 million shares were received for the bumiputra portion, while the other Malaysian public portion attracted 1,055 applications for 17.16 million shares.

KEB’s IPO comprises 226.78 million shares.

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