HRnetGroup says public offering 68.3 times subscribed by retail investors

SINGAPORE (June 15): HRnetGroup says the public offering of 193.4 million new shares at 90 cents each was 68.3 times subscribed by retail investors.

As at the close of the offering at 12 noon on Wednesday, excluding applications for reserved shares and by connected persons, 6,037 valid applications representing 229.6 million shares were received for the 3.4 million shares available under the public offer.

This resulted in the public offer being 68.3 times subscribed with a total value of $206.6 million. The valid acceptances for the reserved shares resulted in all 440,800 reserved shares being allocated.

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