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KUALA LUMPUR: Farm Price Holdings Bhd, which is scheduled for a listing on the ACE Market of Bursa Malaysia on May 14, has seen its initial public offering (IPO) oversubscribed by 91.35 times.
The Johor-based wholesaler and distributor of fresh vegetables, food and beverage products and other groceries said the IPO comprised of 450 million ordinary shares, featuring a public issue of 102 million new shares at an issue price of 24 sen per share.
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