TMK Chemical Berhad conducted its balloting ceremony in conjunction with the IPO on the main market involving the issuance of 220,000,000 shares.

The institutional offering will be 190,000,000 shares to institutions and selected investors at the price determined by way of book building and retail offering of 30,000,000 at the retail price of RM1.75 per IPO Share. The 20,000,000 IPO Shares made available for application by the Malaysian public have been oversubscribed it said.

It was noted that a total of 14,739 applications for 305,549,900 IPO Shares with a value of RM534,712,325.00 were received from the Malaysian public, which represents an overall oversubscription rate of 14.28 times.

The Institutional Price has been fixed at RM1.75 per IPO Share. Accordingly, the final retail price for the IPO Shares
under the Retail Offering has also been fixed at RM1.75 per IPO Share

Maybank Investment Bank Berhad is the Principal Adviser, Sole Bookrunner and Sole Underwriter for the IPO.