GPRO oversubscribed by 82 times

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May 24th, 2004 – The Malaysian Issuing House reports today that the GPRO Technologies Berhad Public Issue under which 3,500,000 shares were made available for application by the public has been oversubscribed and balloting of successful applications was conducted this afternoon. The Placement Agent has confirmed that the Placement of 50,000,000 shares to selected investors has also been fully placed out.

A total of 21,223 applications for 290,397,100 shares were received from the public for a total of 3,500,000 shares available for public subscription; which represents an oversubscription rate of 81.97 times. (MIH Press Release)

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