The Malaysian public subscription of China Stationery Ltd's shares offered under its Initial Public Offering (IPO) amounted to approximately 50 per cent.

For the 60 million new shares made available to the Malaysian public for subscription under the IPO, a total of 29.883 million shares with a value of RM28.389 million (7.1 million euros) were subscribed, Equiniti, the issuing house said in a statement today.

The remaining 30.116 million shares made available to the Malaysian public portion has been re-allocated to the private placement portion under the clawback provision set out in the prospectus dated January 31, 2012, it said. For the 163 million shares made available by private placement, the placement agent confirmed that acceptances for 220.581 million shares with a value of RM209.552 milllion (52.3 million euros) were received from investors.