KUALA LUMPUR: Bird’s nest processor MYMBN Bhd, which is en route to a listing on the ACE Market of Bursa Malaysia on July 25, saw its initial public offering oversubscribed by 30.77 times.

       A total of 7,712 applications for 613.13 million shares were received from the public, representing an overall oversubscription rate of 30.77 times.

       For the bumiputra portion, a total of 3,734 applications for 216.19 million new shares were received, while 3,978 applications for 396.93 million new shares were received under the other public portion.