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SCMP Reporter

REAL estate agent Midland Realty (Holdings) has announced its new issue of 45 million shares has been 0.8 time over-subscribed by investors.

  The company said 306 valid applications had been received from the public for 81.25 million shares.

  Chairman Freddie Wong and managing director William Fung said that considered in light of the volatility in the market, the over-subscription of the group's shares was satisfactory.

  Trading of the group's new shares on the Stock Exchange of Hong Kong is expected to begin on June 8 this year.



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Midland oversubscribed