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KUALA LUMPUR (May 7): Construction services provider Tuju Setia Bhd, which is set to be the first company to be listed on the Main Market of Bursa Malaysia this year on May 19, saw its initial public offering (IPO) of 80 million new shares oversubscribed by 42.1 times.
The offer price is at 70 sen per share.
In a statement today, Tuju Setia said it received a total of 21,292 applications for 682.3 million shares with a total value of RM477.6 million for the 15.9 million shares that were made available for application by the Malaysian public.
Meanwhile, the Bumiputera portion of shares was oversubscribed by 37.2 times, after a total of 11,006 applications for 302.8 million shares were received.
Tuju Setia managing director Wee Eng Kong (pic) said the project would broaden the group’s portfolio of high-rise buildings and add to its current order book
KUALA LUMPUR: Tuju Setia Bhd, which is en route to list on the Main Market of Bursa Malaysia, has bagged a contract worth RM143.5mil from FDM Development Sdn Bhd, a wholly-owned subdsidiary of Glomac Bhd
, to build a high-rise development in Petaling Jaya.
In a statement, the construction services company said its fully owned-subsidiary, Pembinaan Tuju Setia Sdn Bhd (PTS), which secured the contract, would undertake as the main contractor to provide construction works for the project namely, 121 Residences.