The company said in a statement that a total of 25,019 applications for 3.19 million shares, valued at RM765.24 million were received from the Malaysian public.

“For the Bumiputera portion, a total of 12,691 applications for 1.14 million shares were received, representing an oversubscription rate of 74.03 times.

“As for the public portion, a total of 12,328 applications for 2.05 million shares were received, representing an oversubscription rate of 133.64 times,” it said.

In addition, UUE said 40.59 million new shares which were made available for application by eligible directors, employees, and persons who have contributed to the success of the company, had also been fully subscribed.

The company also confirmed that the 38.57 million new shares and 37.46 million offer shares by way of private placement to Bumiputera investors approved by the investment, trade and industry ministry (Miti), as well as 15.32 million shares by way of private placement to selected investors have been fully placed out.

It added that the notices of allotment will be posted to all successful applicants on June 28, 2024.

“M&A Securities Sdn Bhd is the adviser, sponsor, underwriter and placement agent for this IPO,” it said.