Topmix’s IPO oversubscribed by 58.61 times
KUALA LUMPUR: Topmix Bhd, slated for a listing on the ACE Market of Bursa Malaysia on April 23, has seen its initial public offering (IPO) oversubscribed by 58.61 times.

The total surface decorative products company said, in a statement, its listing involved a public issuance of 82.7 million new ordinary shares, representing 21.0% of its enlarged share capital, as well as an offer for sale of 19.69 million or 5% of its enlarged share capital by way of private placement to selected investors.

Topmix is set to raise IPO proceeds of RM25.6mil at an IPO price of 31 sen per share.
Markets
KUALA LUMPUR: Topmix Bhd, slated for a listing on the ACE Market of Bursa Malaysia on April 23, has seen its initial public offering (IPO) oversubscribed by 58.61 times.