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Ian Goodyer, of Suffolk Coalition Opposing Free Schools, said the school was still "woefully undersubscribed".
BBC: Rob Cawley, Seckford Foundation
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One recent GEM offering, telecom solutions provider Neolink Cyber Technology, was undersubscribed, forcing co-sponsor China Everbright Securities to take up 55 million unsold shares.
CNN: World's Worst Bourse?
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But Gan Kim Khoon of SocGen-Crosby does not think both offerings will be undersubscribed, so CIMB should not be stuck with excess Bakun shares on its books.
CNN: K.L.'s Bargain Banks