Equity raise was $30m oversubscribed. Oceania Healthcare had plenty of interest in its $20 million retail offer, which closed oversubscribed. The listed aged care operator received applications from retail investors of about $50m for the offer, which wasn’t underwritten. Shareholders were able to apply for up to $50,000 new shares – and more than 5000 shareholders did, with an average application size of just under $10,000. Investments will be scaled and the surplus returned to shareholders. It is not clear how much in oversubscriptions the company will accept and NBR has asked Oceania to clarify. NZ Shareholders’ Association chief executive Oliver Mander said it was