Highlights

IPO Malaysia

Author: kltrader   |   Latest post: Wed, 7 Mar 2018, 09:21 AM

 

IPO - GDB Holdings Berhad (GDB)

Author: kltrader   |  Publish date: Wed, 7 Mar 2018, 09:21 AM


 

Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.35

Dates:
Offer Period Open: 05 Mar 2018
Offer Period Close: 12 Mar 2018
Tentative listing date: 27 Mar 2018

Number of shares:
Public Issue: 125,000,000
Offer for Sale: 37,500,000
Private Placement: 63,125,000
 

Stock Code: GDB

Official Announcement

INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF GDB HOLDINGS BERHAD ("GDB" OR THE "COMPANY") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING:

(I) PUBLIC ISSUE OF 125,000,000 NEW ORDINARY SHARES ("SHARES") IN THE FOLLOWING MANNER:

  • 12,500,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
  • 15,000,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;
  • 25,625,000 NEW SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS; AND
  • 71,875,000 NEW SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND

(II) OFFER FOR SALE OF 37,500,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS;

AT AN IPO PRICE OF RM0.35 PER SHARE, PAYABLE IN FULL UPON APPLICATION.

Company Overview

GDB Holdings Berhad is an investment holdings company. It's subsidiary, Grand Dynamic Builders Sdn. Bhd. is a full fledged building construction firm commencing its operation on May 2013. GDBSB is founded on a platform of expertise and competencies in terms of its people, technical know how and construction innovation towards Quality, Safety and Environment.

GDBSB vision of being REPUTABLE among players in the Malaysian construction industry in building foundations of success for all its stakeholders is pillared by a team of experienced construction personnel with years of exposure in delivering iconic and award winning structures in building and infrastructure construction projects.
 

Address & Contact:

No. 1-45, Jalan Puteri 4/8, Bandar Puteri
47100 Puchong, Selangor

Tel : +603 8066 6960
Fax : +603 8066 6965
Website: http://www.gdbsb.com

 

IPO Analysis

Share Capital
Market Cap: RM63.750 mil
Shares Issue to sell: 162.50 mil shares (Open to public: 125 mil shares)
Enlarged Issued Shares: 500 mil shares

Business
Construction Services
Residential: 35.05%
Mixed Development: 31.09%
Commercial: 33.86%

Fundamental
Market: ACE Market
Price: RM0.35 (eps til Oct:0.0401)
P/E & ROE: PE8.73, ROE64%
Cash & fixed deposit after IPO: RM 0.0266 per shares
NA after IPO: RM0.13
Total debt to current asset after IPO: 0.799 (Debt: 101.112 mil, Non-Current Asset: 12.087 mil, Current asset: 126.471 mil)
Dividend policy: 30%

Financial
Trade Receivable: 23 days
Trade payable: 24 days

Past Financial Proformance (Revenue, EPS before IPO)
2017 (until Oct): RM240.665 mil (eps: 0.0401)
2016: RM276.906 mil (eps: 0.0642)
2015: RM169.539 mil (eps: 0.0604)
2014: RM 86.628 mil (eps: 0.0301)

Net Profit Margin
2017: 8.33%
2016: 5.81%
2015: 4.23%
2014: 3.78%

Order Book Completion Forecast
31/12/2018: RM379.411 mil
31/12/2019: RM441.459 mil
31/12/2020: RM 34.024 mil

After IPO Sharesholding
Tan Sri Dato' Ir. Hj. Zaini Bin Omar: 0.06%
Cheah Ham Cheia: 51.80%
Alexander Lo Tzone Leong: 22.2%
Cheah Jun Kai: -
Datuk Chia Lui Meng: 0.05%
Kow Poh Gek: 0.05%

Director Remuneration (from gross profit 2017)
Tan Sri Dato' Ir. Hj. Zaini Bin Omar: 64k
Cheah Ham Cheia: 1.127 mil
Alexander Lo Tzone Leong: 1.185 mil
Cheah Jun Kai: 225k
Datuk Chia Lui Meng: 46k
Kow Poh Gek: 49k
Total director remuneration from gross profit: 7.2%

Use of fund
Capital Expenditure: 56.39%
Working capital (pay debt): 34.06%
Working capital (Salaries): 1.55%
Listing Expenses: 8.0%

Conclusion
Good thing is:
1. 2018 & 2019 order book able to let the company continue to sustain profit.
2. Revenue, Net profit margin, EPS is increasing.

The bad things:
1. Listing on ACE market.
2. Director fee is expensive.
3. Profit margin is still below 10%.
4. Too many competitor in the same industry.
5. Property segment still in weak stage, will effected their business as well.
6. Past 3 year revenue is highly reliance on major customers (Perdana Parkcity S/B, Trans Res Crop S/B, Etiqa Ins Bhd).

Conclusions
Is a average IPO. Still will have some growth on 2 years time.

 

News: GDB Holdings to raise RM43.75mil from IPO

KUALA LUMPUR: Construction services firm, GDB Holdings Bhd, aims to raise RM43.75mil from its initial public offering (IPO) to fund future expansion.

Managing director, Cheah Ham Cheia said GDB, which is principally involved in the construction of high-rise residential, commercial and mixed development projects, is slated for listing on Bursa Malaysia Securities Bhd’s ACE Market on March 27.

“Part of the proceeds from our IPO would be allocated to purchase new machinery and equipment, which will enhance our capacity to take on more projects simultaneously, and achieve better time management in our projects,” he told reporters at the company’s IPO prospectus launch, here today.

GDB has allocated RM24.67mil for capital expenditure comprising RM8.67mil for new construction machinery and equipment, RM8mil for a new office and RM8mil for land purchase.

Meanwhile, RM15.58mil has been earmarked for working capital comprising suppliers and subcontractors payment amounting to RM14.9mil and RM680,000 for employee salaries. Listing expenses would amount to RM3.5mil.

Cheah said the group’s proposed listing was aimed at elevating GDB’s profile, expand its current capacity and also to extend services into other building segments such as hospitals, schools, universities, hotels, convention centres and shopping malls.

“We also plan to expand into civil and infrastructure construction services, such as roads and bridges, to complement our current strengths in the building sector,” he said.

Towards this objective, the company is registered as a Grade G7 contractor with the Construction Industry Development Board of Malaysia, allowing it to tender for projects with unlimited value.  GDB projects which were completed ahead of time include One Central Park in Desa ParkCity as well as several sections under Parcel B of KL Eco City.

As at February 2018, GDB’s order book stood at RM855mil comprising projects such as Westside IlI in Desa ParkCity, Etiqa Office Tower along Jalan Bangsar, AIRA Residence in Damansara Heights and Menara Hap Seng 3 within the Kuala Lumpur city centre.

- Bernama
 

Labels: GDB
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LEAP IPO - Nova Pharma Solutions Berhad (NPS)

Author: kltrader   |  Publish date: Wed, 7 Mar 2018, 09:06 AM


Listing Detail:
Listing Sought: LEAP Market
Issue Price: RM 0.20

Dates:
Allotment of Shares: 28 Feb 2018
Listing date: 9 Mar 2018

Number of shares:
Units: 149,009,507
 

Stock Code: NPS

Announcement

INFORMATION MEMORANDUM IN RELATION TO NOVA PHARMA SOLUTIONS BERHAD'S EXCLUDED ISSUE OF 12,300,000 NEW ORDINARY SHARES TO SELECTED SOPHISTICATED INVESTORS WITHIN THE MEANING OF SECTIONS 229 AND 230 OF THE CAPITAL MARKETS AND SERVICES ACT 2007, AT AN ISSUE PRICE OF RM0.20 PER ORDINARY SHARE IN CONJUNCTION WITH ITS PROPOSED LISTING ON THE LEAP MARKET OF BURSA MALAYSIA SECURITIES BERHAD

 

Company Overview

Nova Pharma Solutions Berhad provides engineering and consulting services. The Company offers feasibility study, site selection, technology transfer, conceptual design, tendering and procurement, site supervision, construction management, commissioning, gap analysis, documents review, and turnkey solutions. Nova Pharma Solutions serves customers in Malaysia.

 

Address:

Suite C-05-01 &02, Sky Park One City,
Jalan USJ 25/1, 47650 Subang Jaya
Selangor, Malaysia

Phone: +603 5033 4699
Website: http://www.novapharmasolutions.com/

 

LEAP Market

The LEAP market is an alternative platform for small and medium enterprises (SMEs) to raise capital in an efficient, fast, and transparent marketplace for their business growth.

Additionally, the LEAP market gives them the visibility of being a listed entity and assists these companies in their transformation to better governance and operational standards.

Trading on the LEAP market is limited to sophisticated investors, who are categorised as accredited investors, high net worth entities with total net assets exceeding RM10mil, or high net worth individuals whose net personal assets exceeds RM3mil or gross annual income exceeding RM300,000.

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kaliaoki one of the most preferred contractor by developer for highrise commercial and residential
26/03/2018 12:32

IPO - Wegmans Holdings Berhad (WEGMANS)

Author: kltrader   |  Publish date: Tue, 13 Feb 2018, 04:43 PM


Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.29

Dates:
Offer Period Open: 13 Feb 2018
Offer Period Close: 22 Feb 2018
Tentative listing date: 06 Mar 2018

Number of shares:
Public Issue: 100,000,000
Offer for Sale: 50,000,000
Private Placement: 60,000,000
 

Stock Code: WEGMANS

Official Announcement

INITIAL PUBLIC OFFERING ("IPO") OF 150,000,000 ORDINARY SHARES IN WEGMANS HOLDINGS BERHAD ("WEGMANS") ("SHARE(S)") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED SHARE CAPITAL OF WEGMANS ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:

(A) A PUBLIC ISSUE OF 100,000,000 NEW SHARES ("ISSUE SHARE(S)") IN THE FOLLOWING MANNER:

(I) 25,000,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

(II) 15,000,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES AS WELL AS PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF WEGMANS AND ITS SUBSIDIARY;

(III) 10,000,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND IDENTIFIED INVESTORS; AND

(IV) 50,000,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AND

(B) AN OFFER FOR SALE OF 50,000,000 EXISTING SHARES ("OFFER SHARE(S)"), MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND IDENTIFIED INVESTORS AT AN IPO PRICE OF RM0.29 PER ISSUE SHARE/ OFFER SHARE, PAYABLE IN FULL UPON APPLICATION.

Company Overview

 

Wegmans Group was incorporated in Malaysia under the Act on 22 February 2017 as a private limited company under the name of Wegmans Holdings Sdn Bhd. Subsequently on 29 May 2017, the company was converted into a public limited company under the name of Wegmans Holdings Berhad to embark on the Listing of our Group on the ACE Market of Bursa Securities. The company's principal activity is investment holding.

Wegmans Group are a home furniture manufacturer, principally involved in design, manufacture and sale of home furniture products. Their customers are mainly wholesalers, retailers, chain stores and traders.

Most of the home furniture products are exported. Since the commencement of business operations in 1999, Wegmans has exported home furniture products to 75 countries globally, which include, amongst others, Japan, US, Australia, Singapore, Korea, Canada, UK and European countries.
 

 

Address & Contact:

Lot PTD 3504, Jalan Bakri, Batu 7 1/2, 84200 Muar,
Johor, Malaysia.
Tel : +606 986 7897
Fax : +606 986 5117
Email :  info@wegmans.com.my
Website: http://wegmans.com.my/

 

News: Wegmans Holdings to Raise RM29m in IPO

KUALA LUMPUR: Furniture exporter Wegmans Holdings Bhd aims to raise RM29 million from its initial public offering (IPO) on Bursa Malaysia next month.

In a language exclusive interview here recently, Wegmans executive director Collin Law Kok Lim said the group intends to channel most of the funds raised to expanding its factory in Muar, Johor.

"We are targeting to raise RM29 million from the IPO. From that total, RM22 million will go to expand our factory, upgrade machinery and build hostels to house foreign workers. The remaining RM7 million is for working capital and listing expenses," he said.

Wegmans makes and exports dining tables and chairs, living room furniture, bedding and cupboards.

"We're a mid-size manufacturer chalking up around RM85 million export sales per year. We ship out most of our furniture in flat packs to Japan, the US, Australia and the UK," said Law.

Wegmans’ IPO involves the public issue of 100 million new shares, of which 25 million shares will be made available for Malaysian public, 15 million for eligible directors, employees and persons who have contributed to the group and its subsidiary’s success.

Meanwhile, the remaining 10 million shares will be made available by way of private placement to institutional and identified investors, and 50 million shares to identified bumiputra investors approved by the Ministry of International Trade and Industry.

There will also be an offer-for-sale of 50 million of existing shares via private placement.

 

Labels: WEGMANS
  miziey likes this.
 
faizkl Sell Sell Sell Wegmans.. Super Sui punya counter..
06/03/2018 14:54
Scar0nCRY I bet Wegmans's balance sheet is bad due to unpopular or old-fashion types of furniture :D anyway good luck on the IPO
06/03/2018 16:33
davanth1 New IPO with expansion plan. Lets see in a year or two
09/03/2018 13:19

IPO - Metro Healthcare Berhad

Author: kltrader   |  Publish date: Tue, 13 Feb 2018, 04:30 PM


Listing Detail:
Listing Sought: LEAP Market
Issue Price: RM 0.23

Dates:
Tentative listing date: 26 Feb 2018

Number of shares:

Private Placement: 20,079,500
 

Stock Code: -

Labels: MHCARE
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IPO - QES Group Berhad (QES)

Author: kltrader   |  Publish date: Fri, 9 Feb 2018, 05:33 PM


Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.19

Dates:
Offer Period Open: 08 Feb 2018
Offer Period Close: 23 Feb 2018
Tentative listing date: 08 Mar 2018

Number of shares:
Public Issue: 151,661,000
Offer for Sale: 75,831,000
Private Placement: 104,480,600
 

Stock Code: QES

Official Announcement

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF QES GROUP BERHAD ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:

(I) PUBLIC ISSUE OF 151,661,000 NEW ORDINARY SHARES IN QES GROUP BERHAD ("SHARES") IN THE FOLLOWING MANNER:

(A) 37,915,400 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

(B) 9,265,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES;

(C) 104,480,600 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND

(II) OFFER FOR SALE OF 75,831,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY.

Company Overview

QES Group Berhad, an investment holding company, engages in the distribution of inspection, test, and measurement equipment; and materials and engineering solutions. It offers microscopes, ED-XRF and WD-XRF analyzers, ICP spectrometers, OES equipment, and video coordinate measuring systems; materials and related parts used in the semiconductor industry, such as quartz parts, conditioning discs, back grinding wheels, and grinding and dicing tapes; and gas abatement systems to control gaseous emissions from manufacturing facilities, as well as scientific instruments.

The company also manufactures and sells optical inspection equipment comprising post wire bond, post dicing, and post probing inspection systems; and automated handling equipment, such as wafer batch transfer systems, and printing and labelling systems, as well as advanced wafer measurement systems. In addition, it offers after-sales services, including training, repair, and maintenance, as well as upgrading services.

The company serves electrical and electronics, automotive, and semiconductor industries. It operates in Malaysia, Vietnam, Singapore, the Philippines, Thailand, Indonesia, China, France, Japan, South Korea, Mexico, the United States, Taiwan, Germany, Spain, and Austria. QES Group Berhad was incorporated in 2014 and is headquartered in Shah Alam, Malaysia.

Address & Contact:

No 9, Jalan Juruukur U1/19, HICOM Glenmarie Industrial Park,
Seksyen U1, 40150, Shah Alam, Selangor, Malaysia​​
Tel : +603 5882 6668
Fax : +603 5567 0811
Email :  marketing@qesnet.com
Website: http://www.qesnet.com/

 

Labels: QES
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IPO - JM Education Group Berhad (JMEDU)

Author: kltrader   |  Publish date: Fri, 9 Feb 2018, 02:38 PM


Listing Detail:
Listing Sought: LEAP Market
Issue Price: RM 0.45

Dates:
Tentative listing date: 08 Feb 2018

Number of shares:

Private Placement: 6,800,000
 

Stock Code: JMEDU

Company Overview

Address & Contact:

JM Education Group
Subang Jaya Head Office
36, Jalan SS 15/8, 47500 Subang Jaya
Selangor, Malaysia

Tel: +603 5633 4732
Email: inquirydata@jmecc.com
Website: http://www.jmeducationgroup.com/

Labels: JMEDU
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