{
  "id": 18113318,
  "title": "KEB IPO fully subscribed ahead of Nov 16 listing",
  "url": "https://urgent.news/2026/11/04/keb-ipo-fully-subscribed-ahead-of-nov-16-listing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T11:46:09.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/11/1570862/keb-ipo-fully-subscribed-ahead-nov-16-listing"
  },
  "original_language": "en",
  "account": null,
  "summary": "KEB Bhd's initial public offering (IPO) has been fully subscribed ahead of its planned listing on the ACE Market on November 16, according to a report by New Straits Times. The company issued 226.78 million shares, with 138.54 million new shares offered to the public and 88.24 million existing shares sold through an offer for sale. The IPO attracted significant interest, receiving 2,126 applications for 44.47 million shares from Malaysian public investors, which were all fully subscribed. KEB's managing director, Datuk Lim Kim Chong, attributed the strong response to investor confidence in the company's business fundamentals, track record, and future prospects. The IPO proceeds will be used for various purposes, including landbank acquisition, working capital for project development, repayment of bank borrowings, and listing expenses.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}