KUALA LUMPUR: Design-and-build contractor Vestland Bhd’s initial public offering (IPO) has been oversubscribed by 18.38 times.
The ACE Market-bound company said a total of 14,227applications for 914.88 million issue shares valued at RM301.91mil were received from the Malaysian public, representing an overall oversubscription rate of 18.38 times.
ACE Market-bound design-and-build contractor Vestland Bhd is expecting to have another year of solid performance in 2023, according to group managing director Datuk Liew Foo Heen.
At a press conference on Tuesday (Dec 27) in conjunction with the launch of the prospectus for Vestland's initial public offering (IPO) of 240.8 million shares at 33 sen apiece, Liew said his optimism is supported by the company's RM947.4 million current outstanding order book as well as RM2 billion strong tender book.
The Board of Directors of the Company (“the Board”) is pleased to announce that its whollyowned subsidiary, Vestland Resources Sdn Bhd (“VRSB”), had on 30 January 2023 accepted a Letter of Award dated 30 January 2023 awarded by Rimbun Merdu Sdn Bhd [Registration No. 202201014789 (1460486-U)] (“RMSB”) to undertake the main building and associated works for one (1) block of thirty-three (33)-storey service apartment and related facilities located at Lot 20077 (original Lot 1341), Seksyen 41, Jalan Dewan Sultan Sulaiman 1, Mukim Bandar Kuala Lumpur, Wilayah Persekutuan (“Contract”) for a contract sum of RM63,147,913.50 (“Contract Sum”).
Can someone also tell me why people keep thinking construction theme will rally this year? xD hahahh Have you not seen how conservative PM-X is? I doubt the upcoming budget will have any mega projects for construction
not only previous govt budget is over RM20 billions, their salaries and all other expenditures balloon to the roof, this time around PM-X cut here, cut there, killed Pestech and killed MyEG in the process,
don't you think construction, relying heavily on govt handouts is sunset theme already?
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
imvu
7,888 posts
Posted by imvu > 2023-01-14 16:50 | Report Abuse
qbuy harga limit up !