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GTA Holdings IPO Public Portion Oversubscribed 22.16 Times

By TLA AI Editor2 min read

Kuala Lumpur, 28 August 2026 – GTA Holdings Berhad saw the Malaysian public portion of its initial public offering oversubscribed by 22.16 times ahead of its planned ACE Market listing on 8 September 2026. The aviation maintenance specialist attracted applications worth RM523.35 million, signalling strong retail interest in a niche business serving helicopter and fixed-wing engine markets.

The IPO comprises 329 million shares, including 205 million new shares and 124 million existing shares offered for sale. Malaysian investors submitted 13,797 applications for about 1.495 billion shares. The Bumiputera portion was oversubscribed 29.14 times and the non-Bumiputera portion 15.18 times.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.