The Star Business Online - Reach Energy's 20m new shares oversubscribed nearly 42 times

KUALA LUMPUR: Reach Energy Bhd’s 20 million new shares for the public under its listing exercise was oversubscribed by 41.86 times.

The special purpose acquisition company (SPAC) said on Thursday there were 23,821 applications for 857.29 million public issue shares from the public.

Reach Energy, the largest oil and gas SPAC on Bursa Malaysia to-day, will be listed on Aug 15.

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1. Reach Energy’s 20m new shares oversubscribed nearly 42 times