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AustAsia's shares in global and HK offering oversubscribed

Felicia Tan
Felicia Tan • 2 min read
AustAsia's shares in global and HK offering oversubscribed
Japfa's CEO Tan Yong Nang. Photo: Samuel Isaac Chua/The Edge Singapore
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AustAsia’s offering of 30.64 million shares, issued under both its international offering and its Hong Kong public offering, have both been oversubscribed.

AustAsia is the China-focused milk business of SGX-listed Japfa.

The international offer shares, comprising 27.58 million shares have been slightly over-subscribed, representing around 1.16 times the number of shares initially available. There are a total of 107 placees under the international offering.

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