KUALA LUMPUR (April 7): 5E Resources Holdings Bhd saw the public portion of its initial public offering (IPO) oversubscribed by 7.04 times ahead of its listing on the ACE Market on April 15. Applications for 618.71 million shares were received for the 77 million new shares made available to the Malaysian public, said the Johor-based scheduled waste company in a bourse filing on Tuesday. The Bumiputera portion was oversubscribed by 3.46 times, while the non-Bumiputera portion was oversubscribed by 10.61 times. Based in Pasir Gudang, 5E Resources provides end-to-end scheduled waste management services, including testing, collection, recovery, and recycling. The IPO involves the public issue of 304.5 million new shares at 26 sen each to raise RM79.17 million.

Source: The Edge Markets April 07, 2026 11:24 UTC