KUALA LUMPUR: UOA Development Bhd's major shareholder bought 7.29 million shares of the company on June 8, when it made its debut on the Main Market of Bursa Malaysia.
A filing with Bursa Malaysia showed it acquired the shares in the open market and raised its stake to 66.58% or 796.15 million shares.
Another filing showed United Overseas Australia Ltd acquiring 2.02 million shares on the same day. It is deemed to have indirect interest throught is shareholding in UOA Holdings.
UOA Development made a lacklustre debut and closed one sen lower at RM2.59 with 78 million shares done on June 8. It had earlier fallen to its intra-day low of RM2.48.
The institutional price was RM2.60 and the final retail price at RM2.52 after the book-building exercise.
Based on its institutional strike price of RM2.60, it has a market capitalisation of RM3.10 billion.
The initial public offering was the largest IPO in Southeast Asia in this year to date and has raised RM876.2 million from local and international institutional investors and RM176.4 million from retail investors.
A filing with Bursa Malaysia showed it acquired the shares in the open market and raised its stake to 66.58% or 796.15 million shares.
Another filing showed United Overseas Australia Ltd acquiring 2.02 million shares on the same day. It is deemed to have indirect interest throught is shareholding in UOA Holdings.
UOA Development made a lacklustre debut and closed one sen lower at RM2.59 with 78 million shares done on June 8. It had earlier fallen to its intra-day low of RM2.48.
The institutional price was RM2.60 and the final retail price at RM2.52 after the book-building exercise.
Based on its institutional strike price of RM2.60, it has a market capitalisation of RM3.10 billion.
The initial public offering was the largest IPO in Southeast Asia in this year to date and has raised RM876.2 million from local and international institutional investors and RM176.4 million from retail investors.
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