Offer Period Open: 15 Sep 2016
Offer Period Close: 23 Sep 2016
Tentative listing date: 06 Oct 2016
Number of shares:
Public Issue: 58,000,000
Offer for Sale: -
Private Placement: 187,000,000
Stock Code: PTRANS
INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING PUBLIC ISSUE OF 245,000,000 ORDINARY SHARES OF RM0.10 EACH IN PERAK TRANSIT BERHAD ("PERAK TRANSIT SHARES") IN THE FOLLOWING MANNER:
(I) 58,000,000 NEW PERAK TRANSIT SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; AND
(II) 187,000,000 NEW PERAK TRANSIT SHARES AVAILABLE FOR PRIVATE PLACEMENT TO SELECTED INVESTORS;
AT AN ISSUE PRICE OF RM0.15 PER SHARE, PAYABLE IN FULL ON APPLICATION.
Perak Transit Berhad provides public bus transportation services in Malaysia. It primarily operates Terminal AmanJaya, an integrated public transportation terminal in Ipoh, Perak. It also operates petrol stations in Ipoh, Lahat, and Kuala Kangsar, Perak; and provides management services for bus operations and human resource management services. The company was founded in 2006 and is based in Ipoh, Malaysia.
Address & Contact:
No 1, Persiaran Meru Raya 5,
Meru Raya, 30020 Ipoh, Perak, Malaysia
steel88KTB(other listed bus company serve M'sia) only 14.5 sen why Perak bus company can do better?
paperplane2016This stock for stupid who wanna give money to politicians?
ipohunterTheir main profit source is terminal operations. And their terminal operations have very high margins as well. I don't get why you all so focused on their bus operations. And unlike KTB, they have multiple revenue streams.
PavillionAbout 2 year ago few articles wrote on this terminal.....underutilised, white elephant project, isolated terminal, Ipoh people don't like it, proposed another mini bus terminal in ipoh, allowed certain bus like plusliner, Maju etc to pick up and drop passengers at other places, PR govt especially DAP against this terminal...... best to study first....especially expected GE is next year....perhaps after CNY.
ipohunterIf this is the case, this was 2 years ago. Right now things are very different. If you go there during the holidays, you will see traffic has increased.
rotsevnimocHah?!? 2 yr ago story u wn to bring up nw?? The terminal now quite sibuk loh. Got much ppl. Go ownself den see yourslf.
Mohd Fahmi Bin JaesPerak Transit IPO oversubscribed nearly 20 times By Gho Chee Yuan / The Edge Financial Daily | September 28, 2016 : 10:07 AM MYT Printer-friendly versionSend by emailPDF version Translated by Google Translator: Select Language▼
This article first appeared in The Edge Financial Daily, on September 28, 2016.
KUALA LUMPUR: Perak Transit Bhd, which plans to list its shares on Bursa Malaysia’s ACE Market on Oct 6, saw its initial public offering (IPO) oversubscribed by 19.83 times.
The public transportation services provider said it received 10,346 applications for 1.21 billion shares, with a value of RM181.22 million, from the public. Fifty-eight million shares were made available for public subscription.
In a statement yesterday, the company said that for the bumiputera portion, 6,306 applications for 663.82 million shares were received, representing an oversubscription rate of 21.89 times.
For the public portion, 4,040 applications for 544.34 million shares were received, representing an oversubscription rate of 17.77 times.
Perak Transit intends to raise RM36.75 million through its IPO, which involves the issuance of 245 million shares, of which 58 million will be offered to the public, and 187 million for selected investors.
About 54.42% of the proceeds will be allocated to partially finance the construction of an integrated bus terminal in Kampar at a cost of RM128.33 million, said the company.
Of the remaining proceeds, 28.52% will be used for working capital purposes, 11.32% to defray listing expenses and 5.74% for the repayment of hire purchase facilities to several financial institutions, it added.
Offer Period Open: 29 Jun 2016
Offer Period Close: 22 Jul 2016
Tentative listing date: 10 Aug 2016
Number of shares:
Public Issue: 63,816,200
Offer for Sale: 31,908,100
Private Placement: 39,885,200
Stock Code: HSSEB
INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF HSS ENGINEERS BERHAD ("HEB") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:-
(I) PUBLIC ISSUE OF 63,816,200 NEW ORDINARY SHARES OF RM0.10 EACH IN HEB ("SHARES") ALLOCATED IN THE FOLLOWING MANNER:-
(A) 15,954,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
(B) 7,977,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS, EMPLOYEES AND BUSINESS ASSOCIATES/PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF HEB; AND
(C) 39,885,200 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND
(II) OFFER FOR SALE OF 31,908,100 SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO SELECTED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY,
AT AN ISSUE/OFFER PRICE OF RM0.50 PER SHARE, PAYABLE IN FULL UPON APPLICATION.
HSS Engineers Berhad, an investment holding company, provides engineering and project management services primarily in Malaysia. The company offers engineering services comprising engineering design; and construction supervision services in the areas of quality and safety, work progress, finance, and coordination. It also provides project management and construction management services; and building information modelling services.
The company undertakes railway, highway, airport, infrastructure, ports, townships, petro-chemical, bridges, drainage and irrigation, power plant, water, and town planning and development projects. HSS Engineers Berhad was founded in 2001 and is headquartered in Kuala Lumpur, Malaysia.
Address & Contact:
B1 (1-4), Block B, Plaza Dwitasik
No. 21, Jalan 5/106, Bandar Sri Permaisuri
Kuala Lumpur, 56000 Malaysia
HSS Engineers aims to raise RM31.91 million from IPO
KUALA LUMPUR: HSS Engineers Bhd, an engineering and project management services provider, aims to raise gross proceeds of RM31.91 million from its initial public offering (IPO).
Executive director Datuk Kunasingam Sittampalam said about 75 per cent of the proceeds would be utilised for the group’s expansion plan into India and future ventures into the provision of support services for the water and power sectors in Malaysia.
He said a further 2.2 per cent (RM708,000) would be allocated for general working capital expenditure and another 12.6 per cent (RM4 million) for the repayment of bank borrowings.
“The balance of 10 per cent of the proceeds (RM3.2 million) will be utilised to defray listing expenses,” he told a press conference after the prospectus launch in conjunction with the company’s listing on the ACE Market of Bursa Malaysia here yesterday.
Under the IPO, the company is making a public issue of 63.82 million new shares at an issue price of 50 sen each.
Out of this, 15.95 million shares will be made available for application by the public, 7.98 million shares to eligible directors, staff and business associates while the remaining 39.88 million shares will be placed out to selected investors.
In addition, the company’s major shareholders is offering 31.9 million shares at 50 sen a share to approved Bumiputera investors.
At that price, the company will have a market capitalisation of RM160 million upon listing, tentatively on August 10.
Commenting on its expansion plan, Kunasingam said the group was looking at acquiring more infrastructure projects in India and West Asia.
“We already have our presence in both regions through our Building Information Model (BIM).
“Upon listing, we are scouting for projects in infrastructure areas,” he said.
He added that the group was looking to tap into India’s infrastructure market as it was one of the fastest growing economies in the world now.
As for West Asia, he said the group was eyeing to venture into Dubai and Qatar as these countries had pockets of opportunities to offer.
“Dubai which will host Expo 2020 will roll out a lot of infrastructure projects, as will Qatar which will be hosting the World Cup in 2022.
“These are the main drivers that will accelerate the infrastructure and we think there are opportunities available for us to participate,” said Kunasingam.
The company’s current orderbook stands at RM365.9 million which will last over the next two to five years.
While remaining focused on its engineering and project management services as well as BIM services, he said the group was gearing up for a proposed venture into a fourth core service which is facility management.
Moving forward, the outlook for the Malaysian engineering and project management services market is expected to remain positive supported by continuing development of various government-led infrastructure projects and sustained economic growth.
“This will continue to create demand and new opportunities for organic growth and long-term development of the group,” said Kunasingam. — Bernama
IVAN2222I'm never make anyone disappointed...buy call
IVAN2222hss target price upon listing will hit rm0.7...believe me....
LankaHSS will hit 70 sen on maiden trading day. At 5pm it will announce that Chua Ma Yu is cornerstone investor. Remember in Malaysia rumours are often more real than fiction. Buy this IPO
LankaRumours aside, HSS despite being owned by non bumis, boast some 71 per cent of their revenue directly coming from government contracts.Thats about 70m a year. HSs has an order book of 300m. With the government having some RM20b of contracts on its plate to award. HSS being the sole listed company in this field looks like it will have a great short of securing a lion share of the job. If this happens. HSS sooner rather than later will be a main board company.
ipohunterI'm more interested in their BIM capabilities. Read somewhere that BIM is the future of construction, and there are no other BIM players in the market. There is potential to grow. Definitely a good buy.
Tengku Rizal Tengku Mat15 Aug news HSS ENGINEERS BERHAD ("HEB" OR "COMPANY")- ACCEPTANCE OF AWARD FROM IJMC-KEB JOINT VENTURE FOR THE PROVISION OF CONSTRUCTION SUPERVISION FOR WEST COAST EXPRESSWAY SELANGOR ALIGNMENT FOR RM41,325,300.00
not bad.. this company corporate news machinery is working.
GG Dot ComPLEASE READ CAREFULLY ABOUT THEIR PROSPECTUS AVAILABLE IN BURSA WEBSITE. The GROUP, referred to HSSEB, mentioned that their EPS for 2013, 2014 and 2015. If I use EPS of 2015 given, that is about 3.50 and used the average PE ratio (11.xx) as mentioned. The fair value of share price should be RM0.3xxxx. What for to purchase this share if you know they cannot earn EPS more than 10sen in one year?
Author:kltrader | Publish date: Thu, 23 Jun 2016, 09:29 PM
Listing Sought: Main Market
Issue Price: RM0.75
Par Value: RM 0.40
Offer Period Open: 23 Jun 2016
Offer Period Close: 12 Jul 2016
Tentative listing date: 21 Jul 2016
Number of shares:
Public Issue: 24,000,000
Offer for Sale: 16,000,000
Private Placement: 11,370,000 (part of Offer for Sale)
Stock Code: DANCO
INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:
(A) PUBLIC ISSUE OF 24,000,000 NEW ORDINARY SHARES OF RM0.40 EACH (SHARES) IN THE FOLLOWING MANNER:
(I) 7,500,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE PUBLIC;
(II) 2,503,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;
(III) 13,997,000 NEW SHARES AVAILABLE FOR APPLICATION BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND
(B) OFFER FOR SALE OF 16,000,000 EXISTING SHARES IN THE FOLLOWING MANNER:
(I) UP TO 4,630,000 EXISTING SHARES BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND
(II) 11,370,000 EXISTING SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS;
AT AN ISSUE/OFFER PRICE OF RM0.75 PER SHARE, PAYABLE IN FULL UPON APPLICATION
Dancomech Holdings Berhad, an investment holding company, engages in trading and distributing process control equipment and measurement instruments in Malaysia, Italy, Indonesia, and internationally. The company offers valves, such as ball, butterfly, blowdown, check, diaphragm, gate, globe, pressure reducing, pressure safety/relief, solenoid, temperature control, and other valves.
It also provides actuators, chart recorders, expansion joints, flow products, level control equipment, positioners, premium explosion protection products, pressure gauges, rupture/bursting discs, sight glasses, steam traps, switches, tank protection devices, temperature gauge and instruments, and Y strainers.
It serves primarily EPCC contractors, engineering consultants, OEM hardware retailers, equipment manufacturers, and end users in the palm oil and oleochemical, oil and gas, petrochemical, and water treatment and sewerage industries. Dancomech Holdings Berhad was founded in 1989 and is headquartered in Shah Alam, Malaysia.
Address & Contact:
No 19 Jalan Pelukis U1/46, Temasya Industrial Park,
Seksyen U1, 40150 Shah Alam, Selangor Tel : 03-5569 2929 Fax : 03-5569 2935/37 Enquiry: firstname.lastname@example.org Web: http://dancomech.com.my
Dancomech to raise RM18m from proposed IPO
Process control equipment and measurements instruments company Dancomech Holdings Bhd plans to raise RM18mil from its proposed listing on the Main Market of Bursa Malaysia.
Under its listing exercise, it said on Thursday it was offering for sale 24 million new shares of 40 sen each at an offer price of 75 sen.
Of the RM18mil, it will use RM6.5mil to buy new offices and stores while RM4.55mil would be used to repay borrowings and RM2.74mil as working capital.
According to its prospectus, of the 24 million new shares, it would offer for sale to public 7.50 million shares while 2.50 million units would be made available to eligible directors and employees while 13.99 million shares would be placed out to approved Bumiputera investors.
The major shareholders will offer sale 16 million existing shares of which 4.63 million will be placed out to approved Bumiputera investors and 11.37 million shares would be placed out to selected investors.
-- The Star
Offer Period Open: 28 Apr 16
Offer Period Close: 06 May 16
Tentative listing date: 18 May 16
Number of shares:
Public Issue: 78,000,000
Offer for Sale: 23,000,000
Private Placement: 71,900,000
Stock Code: SALUTE
INITIAL PUBLIC OFFERING OF 101,000,000 ORDINARY SHARES OF RM0.10 EACH IN SALUTICA BERHAD (FORMERLY KNOWN AS BLUE OCEAN GENIUS SDN BHD) ("SALUTICA" OR THE "COMPANY") ("SHARE(S)") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF SALUTICA ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:-
(A) A PUBLIC ISSUE OF 78,000,000 NEW SHARES ("ISSUE SHARE(S)") IN THE FOLLOWING MANNER:-
(I) 19,400,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
(II) 9,700,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES AS WELL AS PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF SALUTICA AND ITS SUBSIDIARY;
(III) 10,100,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND IDENTIFIED INVESTORS; AND
(IV) 38,800,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY
(B) AN OFFER FOR SALE OF 23,000,000 EXISTING SHARES ("OFFER SHARE(S)"), MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND IDENTIFIED INVESTORS AT AN IPO PRICE OF RM0.80 PER ISSUE SHARE/OFFER SHARE, PAYABLE IN FULL UPON APPLICATION.
Salutica Berhad, an investment holding company, engages in the design, development, manufacture, and sale of consumer electronic products worldwide. It develops Bluetooth related devices, such as audio headsets, smartwatches, and car kits.
The company is also involved in the product conceptualization, design, development, manufacture, marketing, and sale of automotive accessories and consumer electronics devices, including Bluetooth-enabled TMPS and electronic sensors, tracking devices, and beacon transmitters under its FOBO brand.
In addition, it offers other electronics, and precision parts and components. The company serves multinational electronics and mobile communication device corporations.
Salutica Berhad sells its products through e-commerce sales on its Website, third party e-commerce platforms, and retail outlets. The company was founded in 1990 and is headquartered in Ipoh, Malaysia. Salutica Berhad is a subsidiary of Blue Ocean Enlightenment Sdn. Bhd.
Address & Contact:
3 Jalan Zarib 6, Kawasan Perindustrian Zarib,
31500 Lahat, Ipoh, Perak, Malaysia
News: Bluetooth device maker Salutica eyes ACE Market
Salutica Bhd, an original design manufacturer of electronic components, is looking to list on the ACE Market of Bursa Malaysia with an initial public offering (IPO) of 101 million shares.
Salutica’s subsidiary Salutica Allied Solutions Sdn Bhd markets its own products including Fobo Tire, a tyre pressure monitoring system that uses Bluetooth technology to monitor tyre pressure.
In a draft prospectus exposure on the Securities Commission website, the company said the IPO comprises a public issue of 78 million new ordinary shares of 10 sen each in Salutica and offer for sale of 23 million existing Salutica shares.
The 78 million shares represents 20.1% of the enlarged issued and paid-up share capital of the company, of which 19.4 million will be issued to the Malaysian public, 9.7 million for eligible directors and employees as well as persons who have contributed to the success of the group, 10.1 million by way of private placement to institutional and selected investors and 38.8 million by way of private placement to identified Bumiputra investors.
The 23 million offer shares represents 5.9% of the enlarged and paid-up share capital of the company, for application by way of private placement to institutional and selected investors.
The gross proceeds from the public issue are expected to be utilised for repayment of bank borrowing (26.9%), capital expenditure (capex) (27.5%), research and development expenditure (15%), working capital (23.6%) and estimated listing expenses (7%).
In terms of capex, the group intends to acquire new machinery and equipment for its operations. It also intends to upgrade its IT infrastructure. “The purchase of new machinery and equipment, as well as the upgrade of our manufacturing facilities will enable us to increase our capacity, expand our product range, replace old machinery and improve our testing capabilities,” it said.
Salutica intends to adopt a “stable and sustainable” dividend policy after listing and intends to have a dividend payout of not less than 30% of its annual net profit attributable to shareholders.
For the financial year ended June 30, 2015, the group posted a net profit of RM27.41 million and revenue of RM192.52 million compared with net profit of RM60.12 million and revenue of RM204.13 million a year ago.
For the financial year ended June 30, 2014, Salutica Allied Solutions posted a net profit of RM23.75 million and revenue of RM234.21 million compared with a net loss of RM15.03 million and revenue of RM78.56 million the year before.
Salutica’s results largely reflect the financial performance of Salutica Allied, its sole operating subsidiary. The company completed a management buyout of Salutica Allied in September 2013, thus its group results for financial year ended June 30, 2014 (FY14) captures the financial performance of Salutica Allied for a 10-month period from Sept 4, 2013.
The last date of exposure for the IPO prospectus is Feb 16. RHB Investment Bank Bhd is the adviser.
Offer Period Open: 26 Apr 16
Offer Period Close: 04 May 16
Tentative listing date: 16 May 16
Number of shares:
Public Issue: 113,000,000
Offer for Sale: -
Private Placement: 42,200,000
Stock Code: LKL
INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF LKL INTERNATIONAL BERHAD ("LKL INTERNATIONAL") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING PUBLIC ISSUE OF 113,000,000 NEW ORDINARY SHARES OF RM0.10 EACH ("SHARES") IN THE FOLLOWING MANNER:-
- 8,000,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
- 13,200,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;
- 42,200,000 NEW SHARES MADE AVAILABLE BY WAY OF PLACEMENT TO SELECTED INVESTORS; AND
- 49,600,000 NEW SHARES MADE AVAILABLE BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY;
AT AN ISSUE PRICE OF RM0.20 PER SHARE, PAYABLE IN FULL UPON APPLICATION.
LKL Advance Metaltech Sdn. Bhd. is Malaysia ‘s home grown medical furniture and equipment manufacturer, providing solutions for today’s healthcare sector. LKL specialize in a broad spectrum of products, namely medical beds, delivery beds, patient transport trolleys, medical carts, instrument trolleys, examination tables, overbed tables and other medical peripherals and accessories.
Address & Contact:
No 3, Jalan BS 7/18,
Kawasan Perindustrian Bukit Serdang,
Seksyen 7, 43300 Seri Kembangan,
News: LKL International to raise RM22.6mil from IPO
KUALA LUMPUR: LKL International Bhd, en route to listing on the ACE Market of Bursa Malaysia on May 16, plans to raise RM22.6mil in proceeds from the initial public offering (IPO).
LKL International’s unit, LKL Advance Metaltech Sdn Bhd, is principally involved in the provision of medical/healthcare beds, peripherals and accessories that are largely for hospitals, medical centres and various healthcare-related facilities.
In a statement on Tuesday, the company said based on the issue price of 20 sen apiece and the enlarged issued and paid-up share capital of LKL International of 428.8 million shares, it would have a market capitalisation of RM85.76mil.
“About 37.6% of the proceeds will be used for capital expenditure, whereby it plans to buy three Computer Numerical Control machinery, which will allow the group to increase its operating efficiencies and process inaccuracies by minimising wastages and lowering dependency on human labour.
“About 17.68% is allocated to repay bank borrowings, 33.65% as working capital and 11.06% to cover listing expenses,” it said.
On prospects, group general manager, Lim Pak Hong, said the local healthcare services industry remained resilient, as Malaysia registered a growth in total expenditure to RM41bil in 2013 from RM17.8bil in 2004.
“In the 11th Malaysia Plan, the Government announced its aim to achieve universal access to quality healthcare, and aims to increase the medical ratio from 1.9 beds to 2.3 beds per 1,000 population.
“We believe that these initiatives will augur well for the industry and for us,” he said.
According to the prospectus, which was launched on Tuesday, about 1.86% would be made available to Malaysian public through balloting, of which 50% would strictly be for bumiputra investors.
Approximately 3.08% would be allocated to eligible directors, employees and persons who contributed to the success of the company, 9.84% for selected investors and 11.57% for bumiputra investors who are approved by the International Trade and Industry Ministry.
The application for the public issue will close on May 4. -- Bernama
ironmaniaGood dont buy the ipo but buy went lkl listed...ive gud chance to aquire more n more lkl ipo..hihihi..for example melaka just open new hospital last year..n going to open 1 more private hospitals..for gov hospital just open at alor gajah with new equipment, private hosp like pantai are under contruct some infra for the patient facility..so from my point of view..if youre involve in health business esp the suply n maintenance health funiture n equipment,youre in gud business..lkl had a bright business future a head..
FairTalkThe number of shares offered is fairly large ie more than 100 million and it is a ACE listing. What is the projected EPS ? Any long term contracts secured ?
ironmaniaWrite a comment.. KUALA LUMPUR: LKL International Bhd, en route to a listing on Bursa Malaysia ACE Market, has received an oversubscription rate of 92.84 times for its eight million shares made available for public subscription.
Told so.....hopefully get some for dinner...
weijianRM400k ballot for 10000shares or RM2k shares. Worth it?
Author:kltrader | Publish date: Wed, 27 Apr 2016, 09:20 AM
Listing Sought: Main Market
Issue Price: RM1.42
Par Value: RM 0.50
Offer Period Open: 29 Mar 16
Offer Period Close: 5 Apr 16
Tentative listing date: 19 Apr 16
Number of shares:
Public Issue: 47,796,000
Offer for Sale: 43,330,000
Private Placement: 53,526,000
Stock Code: PECCA
INITIAL PUBLIC OFFERING OF 91,126,000 ORDINARY SHARES OF RM0.50 EACH IN PECCA GROUP BERHAD ("SHARES") IN THE FOLLOWING MANNER:- (A) PUBLIC ISSUE OF 47,796,000 NEW SHARES; AND (B) OFFER FOR SALE OF 43,330,000 SHARES
Pecca Group Berhad, an investment holding company, engages in the manufacture, styling, distribution, and installation of leather upholstery for car seat covers in Malaysia. It is also involved in the supply of leather cut pieces to the automotive leather upholstery industry; styling, manufacturing, distribution, and installation of car door trim covers and covers for car accessories, such as steering wheels, gearshift knobs, handbrake levers, console box, and operating manual book; provision of sewing services for fabric car seat covers, and wrapping and stitching services; and the supply of raw materials to the automotive upholstery industry.
The company serves OEM, PDI, and REM market segments. It also exports its products to the United States, the Netherlands, Thailand, Australia, Japan, New Zealand, Singapore, Indonesia, and the United Kingdom. Pecca Group Berhad was incorporated in 2010 and is headquartered in Kuala Lumpur, Malaysia.
Address & Contact:
No. 1, Jalan Perindustrian Desa Aman 1A
Industri Desa Aman, Kepong
Kuala Lumpur, 52200 Malaysia