Highlights

IPO Malaysia

Author: kltrader   |   Latest post: Thu, 27 Feb 19:21

 

IPO - MyETF MSCI Malaysia Islamic Dividend (MYETFID)

Author: kltrader   |  Publish date: Thu, 27 Feb 19:21


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.00

Dates:
Offer Period Open: 27-02-14
Offer Period Close: 12-03-14
Tentative listing date: 21-03-14

Stock Code: MYETFID

Official Announcement

PROSPECTUS ON MYETF MSCI MALAYSIA ISLAMIC DIVIDEND, AN EXCHANGE-TRADED FUND, PURSUANT TO THE LISTING OF ITS UNITS AT THE INITIAL ISSUE PRICE OF RM1.00 EACH ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

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IPO - SCH Group Berhad (SCH)

Author: kltrader   |  Publish date: Tue, 21 Jan 17:39


Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.23
Par Value: RM 0.10

Dates:
Offer Period Open: 21-01-14
Offer Period Close: 27-01-14
Tentative listing date: 13-02-14

Number of shares:
Public Issue: 90,692,000
Offer for Sale: 32,980,000
Private Placement: 77,692,000

Stock Code: SCH

Official Announcement

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

(I) PUBLIC ISSUE OF 90,692,000 NEW ORDINARY SHARES OF RM0.10 EACH IN SCH (“SHARES”) ALLOCATED IN THE FOLLOWING MANNER:-

  • 13,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
  • 13,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND BUSINESS ASSOCIATES/PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE COMPANY AND ITS SUBSIDIARIES;
  • 19,662,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS;
  • 45,030,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND

(II) OFFER FOR SALE OF 32,980,000 SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS,

AT AN ISSUE/OFFER PRICE OF RM0.23 PER SHARE, PAYABLE IN FULL UPON APPLICATION.

Company Background

SCH Group Berhad, together with its subsidiaries, engages in importing, distributing, and supplying various types of industrial products and spare parts, machinery, and equipment, as well as machinery and equipment spare parts to the quarry industry in Malaysia and south east Asia. It is also involved in manufacturing, distributing, and supplying quarry grills. The company supplies industrial products and spare parts, which primarily comprise conveyor belts, ammonium nitrate, crushers, drilling equipment, steel plate/cutting edge conveyor rolls, and other types of industrial products and spare parts that are used in various stages in a quarrying process; and quarry machinery and equipment, including cone crushers, jaw crushers, and hydraulic crawler drills. It also supplies spare parts associated with the machinery and equipment, such as filters, sprockets, idlers, hoses, and roller chains, as well as machinery engine parts comprising pistons, engine cylinders, belts, tubes, valves, gears, and other products; and industrial products and spare parts to companies in the mining industry, as well as provides engineering and integration, maintenance/ replacement, and repair services. SCH Group Berhad is based in Balakong, Malaysia.

Address and Contact

Address: No 3, Jalan Teras 3, Kawasan Industri Teras Balakong, Taman Industri Selesa Jaya, Balakong, 43300 Selangor
Tel: +603-8961 8003
Fax: +603-8961 1002/ 8962 1002
Email: schsb1@streamyx.com
Website: http://www.schsb.com.my/index.asp

 

SCH Group to raise RM20.86m from IPO

KUALA LUMPUR: SCH Group Bhd, which is en-route for a listing on the ACE Market of Bursa Malaysia, expects to raise RM 20.86mil from its initial public offering (IPO).

It said on Tuesday that of the total gross proceeds, RM10mil will be used for capital expenditure including building the group's new operation facility, RM5mil to purchase new quarry machinery and quarry equipment as inventories for its distributions and supply of quarry machinery and quarry equipment business segment, RM3.86mil for working capital while RM2mil for listing expenses.

The RM14mil new operations facility will be a four-storey building comprising of a corporate office, warehouse, factory as well as showroom cum service centre for quarry machinery and quarry equipment and reconditioning works space. The building plans are pending approval from relevant authorities.

According to its prospectus, SCH Group is expected to be listed on Feb 13.

The listing exercise involves the issue of 90.69 million new shares of 10 sen each at an offer price of 23 sen each.

Of the 90.69 million new shares, it said 13 million would be made available to the public and another 13 million shares allocated for eligible directors, staff and business associates.

SCH also said 19.66 million new shares would be placed out to selected investors and 45.03 million new shares placed out to approved Bumiputera investors.

The listing exercise would also involve an offer for sale of 32.98 million shares to be placed out to selected investors.
 

  2 people like this.
 
bachok alwee Tq Nihar Mynihar this SCH no syariah compliant
26/01/2014 08:33
hana_2012 may I know the direct no of SC to ask the company shariah or not?
27/01/2014 12:00
Mohd Fikri Abdul Aziz Shariah compliance will take time. All IPOs do not have shariah compliance until many months later.
28/01/2014 09:17
mtr27 Will SCH repeat the history of Boilermech?? From 33c ipo shoot all d way to 2.60!!
30/01/2014 10:39
beastkot123 Maybe..coz sch one of a kind..hurrahh..
31/01/2014 13:27
rubisa57 2 me its a Syariah compliants base on their biz activity.
31/01/2014 15:36
BabyZebraCrossing Any cornerstone investor known?
07/02/2014 20:02
ruslimz too small for cornerstone......
07/02/2014 23:03
mtr27 What is the target price tomoro?
12/02/2014 20:47
digiuser016 Hi, where can we check the upcoming ipo?
20/02/2014 17:58

IPO - IOI Properties Group Berhad (5249/IOIPG)

Author: kltrader   |  Publish date: Wed, 15 Jan 14:22


Listing Detail:
Listing Sought: Main Market (Properties)
Issue Price: RM 1.76
Par Value: RM 1.00

Dates:
Offer Period Open: 26-12-13
Offer Period Close: 6-1-14
Tentative listing date: 15-01-14

Number of shares:
Offer for Sale: 1,065,174,516

Stock Code: IOIPG

Official Announcement

LISTING OF IOI PROPERTIES GROUP BERHAD (“IOIPG”) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD BY WAY OF THE FOLLOWING:

(I) DISTRIBUTION OF 2,130,349,033 ORDINARY SHARES OF RM1.00 EACH IN IOIPG (“IOIPG SHARES”) HELD BY IOI CORPORATION BERHAD (“IOIC”) TO SHAREHOLDERS OF IOIC BY WAY OF DISTRIBUTION-IN-SPECIE ON A BASIS OF ONE (1) IOIPG SHARE FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.10 EACH HELD IN IOIC (“IOIC SHARES”) AS AT 5.00P.M. ON 23 DECEMBER 2013; AND

(II) NON-RENOUNCEABLE RESTRICTED OFFER FOR SALE OF 1,065,174,516 IOIPG SHARES (“RESTRICTED OFFER SHARES”) TO THE SHAREHOLDERS OF IOIC ON A BASIS OF ONE (1) RESTRICTED OFFER SHARE FOR EVERY SIX (6) EXISTING IOIC SHARES AS AT 5.00P.M. ON 23 DECEMBER 2013, AT AN OFFER PRICE OF RM1.76 PER RESTRICTED OFFER SHARE PAYABLE IN FULL UPON APPLICATION.

 

Press Release - IOIPG set to be top property stock

 IOI Properties Group Bhd (IOIPG), an IOI Corp Bhd’s spinoff, is poised to be the biggest property stock on Bursa Malaysia upon its listing next week, thanks to the optimism seen among the investing circles.

Although IOIPG’s market capitalisation is reported to add up to RM8.13 billion at the RM2.51-per-share reference price, there is good chance of it overtaking UEM Sunrise Bhd’s top spot.

Currently, UEM Sunrise with a RM10.8 billion market cap, is Bursa’s most valuable property counter.

Maybank Investment Bank Bhd analyst Ong Chee Ting, when contacted by Business Times, said: “Post-listing, IOIPG could potentially be the next property sector leader and the largest
property stock.”


Applying a 20 per cent discount to independent valuers’ RM18 billion market value for IOIPG, he believes there is a high probability the company could be re-rated to above RM12 billion
within the next one year.

Meanwhile, at a briefing here yesterday, IOI Corp executive chairman Tan Sri Lee Shin Cheng announced the appointments of
his sons Datuk Lee Yeow Chor and Lee Yeow Seng as chief executives of IOI Corp and IOIPG, respectively.

When asked if he’s retiring, the 75-year-old Lee replied: “No, I’m not retiring yet. I’m still strong and I think I can serve for another 10 years.

“As executive chairman, I’ll be monitoring their progress. I’ll see if they do their jobs properly.

If they do, then maybe I can retire earlier,” he added.

Asked if his daughters could later be appointed to the IOI Corp and IOIPG boards, he said: “I don’t deny that possibility as my daughters are highly capable”.

Three months ago, under the 2014 Budget, the government raised the real property gains tax (RPGT) imposed on profits made when properties are sold within five years.

Starting this year, the Finance Ministry will be collecting 30 per cent tax on profits made from properties sold within three years, followed by 20 and 15 per cent in the fourth and fifth year, respectively. No tax is imposed if a property is sold after six years.

Asked if the higher RPGT rates will affect property sales, Yeow Seng said the new rates are to curb speculation.

"This year, we'll be launching several projects. We expect demand for affordable housing to drive sales," he said.

Yeow Seng hopes the group will achieve a RM3 billion sales target.

Following the spin-off of its property arm into IOIPG, IOI Corp will be left with RM4 billion cash. On the possibility of big payout for shareholders, Yeow Chor said: "After the exercise, IOI Corp will have a smaller profit base. To match previous years' dividend payout, the ratio will have to be higher".

He added that a portion of the RM4 billion will be used to pare down the group's RM7 billion long-term borrowings. "Our gearing is in the region of some 40 per cent. In time, we would like to bring it down to around 10 per cent."

 

Labels: IOIPG
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IPO - Kanger International Berhad (0170/KANGER)

Author: kltrader   |  Publish date: Sun, 8 Dec 11:17


Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.25
Par Value: RM 0.10

Dates:
Offer Period Open: 06-12-13
Offer Period Close: 13-12-13
Tentative listing date:  23-12-13

Number of shares:
Public Issue: 11,000,000
Private Placement: 69,000,000

Stock Code: KANGER

Official Announcement

PUBLIC ISSUE OF 80,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN OUR COMPANY (“SHARES”) AT AN ISSUE PRICE OF RM0.25 PER SHARE PAYABLE IN FULL ON APPLICATION COMPRISING:

• 11,000,000 SHARES AVAILABLE FOR APPLICATION BY THE PUBLIC; AND

• 69,000,000 SHARES AVAILABLE FOR PLACEMENT TO SELECTED INVESTORS

IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD

 

Company Background

Established in 2004, Kanger’s principal activity is the trading bamboo flooring and related products. The Group is recognised as the sole authorised bamboo supplier of B&Q China (one of the largest western home improvement retailers in China with currently approximately 40 stores across China and which is part of the Kingfisher PIc Group, Europe's largest home improvement retailer.)

In 2008, the Group started to venture upstream into manufacturing of bamboo flooring. The Group was soon capable of manufacturing various types’ products. At this point of time, the Group also expanded its sales market into the European Union. In 2011, the Group entered into bamboo research and development (“R&D”) with Forest Research Institute Malaysia (“FRIM”) on utilization of suitable Malaysian bamboo species for strand woven bamboo products. To date, the Group has 31 appointed “Kanger” retail stores which are mainly located in the Guangdong Province of China.

The Group has the capability of upstream and downstream production of bamboo products. The Group is fully equipped with R&D, manufacture, and distribution into the market for sales.

 

Address and Contact

Address: 3F, Block 1, Dakan Industrial Zone, Xili, Nanshan district, Shenzhen, China, 518055
National toll-free hotline: 400-000-7879
Tel: +0086-0755-86020081
Fax: +0086-0755-86330389
Email: service@krbamboo.cn
Website: www.krbamboo.com

 

Kanger eyes RM20m from IPO to fund overseas expansion

KUALA LUMPUR: China-based Kanger International Bhd, an integrated manufacturer of bamboo products, hopes to raise RM20 million from its initial public offering to enable it to expand abroad.

Kanger managing director Leng Xingmin said it plans to extend further than its current markets of the United Arab Emirates, Romania, Russia and China.

"The forthcoming listing on Bursa Malaysia will serve as a platform to grow our business to the next level," Leng said at the launch of the company's listing prospectus, here, yesterday.

The company will be listed on Bursa Malaysia's ACE Market on December 23.

The listing entails a public issue of 80 million 10 sen shares at issue price of 25 sen each, of which 11 million shares are available for application by the public and 69 million for placement to selected investors.

"Kanger will be the 10th China company to be listed and the first and only ACE Market company to be listed on Bursa Malaysia this year.

"It will have a market capitalisation of RM107.5 million upon listing.

"It will also be the last Malaysian IPO of the year," said Kenanga Investment Bank Bhd head of corporate and institutional coverage Leong Yew Loong.

Kenanga Investment is the adviser, sponsor, underwriter and placement agent for the listing.

Kanger was set up in Malaysia on August 27 last year.

The company has an agreement with FRIM, signed in 2011, to collaborate and conduct research on suitable Malaysian bamboo species for development of strand woven bamboo planks and the ensuing application of these products.

On its 2012 results, Kanger corporate adviser Christoper Goy said the company is looking at a revenue of RM45 million to RM50 million, or a 20 per cent growth.

He said its audited third-quarter results will be announced on December 21.


Uphill task but Kanger feels at home

WITH a disapproving perception towards China-based stocks to battle with and a little known industry to promote, Kanger International Bhd may need to amp up its efforts to win over retail investors in Malaysia.

However, the bamboo products manufacturer is not fazed by what seems to be the odds stacked against it. It says it is focused on attracting “high net-worth individual investors.”

The company launched its prospectus yesterday, with the initial public offering (IPO) on Dec 23.

From its IPO proceeds of RM20mil, Kanger intends to use 10% for research and development, 5% for capital expenditure, 41% for working capital, 27% for repayment of borrowings and 16.5% for the listing exercise.

Kanger’s IPO price is set at 25 sen, confirming StarBizWeek’s story that the listing would likely be priced between 24 and 26 sen.

In the report last month, it was quoted that the IPO would be well-received because of its local ties – not only through the establishment of a local plant but also the Perlis royalty’s 6% shareholding.

Kanger’s public issue comprises an issuance of 11 million new Kanger shares offered to the public and 69 million new Kanger shares for private placement. Its market capitalisation upon listing is RM107.5mil while its total enlarged issued and paid-up share capital after listing would be RM43mil.

Kanger’s 2013 estimated price-to-earnings ratio (PE) was 21 times, based on the 2013 annualised diluted net earnings per share of 1.17 stated in its prospectus.

A check on Bloomberg shows that the average PE of companies in similar home improvement businesses was 34 times.

Its profit after tax (PAT) for the first half ending June 30, 2013 was RM2.5mil, while its full financial year (FY12) PAT was RM6.37mil. Its revenue for the two periods were RM21.38mil and RM38.56mil, respectively.

The company targets a 20% growth in revenue in FY14.

For chief executive officer and managing director Leng Xingmin, Malaysia has good potential for a bamboo industry, given its natural resources. Leng will be a 67% major shareholder in the listed entity.

Kanger’s main business is producing bamboo flooring planks for the construction industry. It has also begun venturing into making wall panels which will be marketed from next year.

Leng stresses that unlike other China stocks listed on Bursa Malaysia which have no assets, operations or end users in Malaysia, Kanger actually has ties with a local organisation – through its collaboration with the Forest Reserve Institute of Malaysia (FRIM).

“We are not a company that’s coming in to raise money from investors to fund far-away operations back in China. We have collaborated with Malaysians before and would continue to do so,” Leng tells StarBizWeek in an earlier interview.

In 2011, Kanger already entered a joint venture with FRIM to collaborate on bamboo research. From that, the China company has been involved in technology transfer with FRIM.

“We have used FRIM as a marketing channel as it endorses our products. Out testings are done in FRIM too,” the 43-year-old Jiangxin Province native says.

To further enhance this collaboration, Kanger plans to set up its research and development pilot plant in Malaysia, utilising RM2mil of its IPO proceeds. The local plant will be used for Kanger’s research on local bamboo species similar to those in China that the group uses as raw material for its semi-finished flooring products.

The venue for this investment has not been finalised.

Corporate advisor Christopher Goy says at a media conference after launching the prospectus that Kanger intends to start a full-capacity production plant in one to two years.

He points out that the local bamboo is not fully utilised currently, limited mostly to making local rice dish “lemang” and decoratives only.

Goy adds that Kanger’s research on local bamboo species in collaboration with FRIM is already 70% complete. Once completed, Kanger will decide on what facilities and equipment it needs for its Malaysian factory.

To that, Leng said Kanger wants to set up a factory “in an area with lots of bamboo growth.” The location, however, has also not identified.

Kanger already has two plants in China – a manufacturing plant in Ganzhou and a raw material manufacturing plant in Yanshan.

When quizzed during the interview if Kanger has difficulty seeking loans or funding in China, Leng denies, explaining that the IPO in Malaysia is purely to raise its corporate profile and not because it is fund-starved.

Leng says that while Kanger has a couple of competitors in Malaysia, the local technology in this industry is 10 to 15 years behind what the bamboo industry in China has advanced to.

The bamboo industry has been around for three decades in China, currently valued at about 10 billion yuan in sales.

“The industry is very competitive in China and it all depends on who can outshine the others,” Leng notes. “Demand for bamboo products has also risen recently, as more people become aware of green materials and bamboo is a renewable alternative to wood.”

Kanger is among the top 20 bamboo flooring manufacturers in China, he says, adding: “We see more demand coming from other countries as the awareness for environmentally-friendly materials increases in the property and construction industries.”

Aside from flooring and wall panels, the semi-finished bamboo products can be sold as material to make furniture and decoratives. Goy explains that Kanger is marketing its products as premium material. “Of course we cannot compare with wood like teak but our bamboo products are more expensive than the laminated wood flooring.”

Its key market is China, contributing up to 50% of its sales but it also exports to Russia, Turkmenistan, United Arab Emirates, Romania, Germany, France, Australia and the United States. It exports semi-finished bamboo products both as an original equipment manufacturer and under its house brand.

In certain markets, it has also set up outlets to market the Kanger brand bamboo products.

Kanger does not have any sales channel in Malaysia at the moment. Goy says the group wants to complete its R&D before seeking distribution agents.

“We are also exploring opportunities with local property developers and are open to working with the China developers who have projects here,” he says.

The group has not fixed any dividend policy but it plans to allocate 20% of its profits for that. “In the next year, we would need the funds to expand first,” Goy says.

Kanger will be the 10th China-based stock to be listed here. It is also the only ACE listing and last IPO on Bursa Malaysia this year.

Kenanga Investment Bank is the advisor, sponsor, underwriter and placement agent for the IPO.

-- StarBiz
 

  sanchez likes this.
 
sephiroth kangaroo way to go to holland
08/12/2013 11:43
fifijalal anybody going for this ipo?
11/12/2013 08:06
mastermarcus Anyone has idea how much is the target price?
11/12/2013 09:44
KarryLaksa nobody knows.if this company is not come from China..maybe people has confidence to invest.For the business prospects, I think due to our property industry is growing rapidly, many people buying Eco house lah,ini eco, itu eco, so, Bamboo is one of Eco product. maybe got potential emerging to our local market . Back to origin point is, this is a china company, you dare to believe or not is up to u. the 10th China-based stock.
12/12/2013 20:21
paoblocrk Anybody check its website before? seems to have too MUCH grammar and simple spelling mistakes lolx.. http://www.krbamboo.com/ think the goggle translate failed this time

1) Who is "Dato Sen"?
2) Where was it listed? China or Malaysia?
13/12/2013 10:15
i3investor700 another harry ipo
13/12/2013 12:09
zaimalar123 Is good to buy..??
16/12/2013 11:42
HYG Good money.
21/12/2013 12:46
Kamaru BahariBakar Anybody can guess this the ressistance & support level for Kanger?
21/12/2013 13:12

IPO - Titijaya Land Berhad (TITIJYA)

Author: kltrader   |  Publish date: Tue, 12 Nov 14:32


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.50
Par Value: RM 0.50

Dates:
Offer Period Open: 11-11-13
Offer Period Close: 18-11-13
Tentative listing date:  27-11-13

Number of shares:
Public Issue: 81,705,000
Offer for Sale: 49,500,000
Private Placement: 58,705,000

Stock Code: TITIJYA

Official Announcement

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:

(I) PUBLIC ISSUE OF 81,705,000 NEW ORDINARY SHARES OF RM0.50 EACH ("SHARES") IN THE FOLLOWING MANNER:

• 17,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE PUBLIC;

• 6,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;

• 34,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY;

• 24,705,000 NEW SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS;

AND

(II) OFFER FOR SALE OF UP TO 49,500,000 EXISTING SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS,

AT AN ISSUE/OFFER PRICE OF RM1.50 PER SHARE, PAYABLE IN FULL UPON APPLICATION

 

Company Background

Titijaya Land Berhad, an investment holding company, engages in the development and sale of properties in Malaysia. It develops residential properties, including condominiums, residential vacant land lots, and terrace houses; commercial properties comprising commercial centers, retail shops, serviced apartments/suites, shop offices, small office home offices, small office flexible offices, and studio office suites; and industrial properties, such as industrial lots, semi-detached factories, and detached factories. The company was formerly known as Meridian Flagship Berhad and changed its name to Titijaya Land Berhad in August 2012. Titijaya Land Berhad was incorporated in 2012 and is headquartered in Subang Jaya, Malaysia. Titijaya Land Berhad is a subsidiary of Titijaya Group Sdn Bhd.


Address and Contact

Titijaya Group of Companies
N-16-01, Penthouse, Level 16, First Subang,
Jalan SS15/4G, 47500 Subang Jaya,
Selangor Darul Ehsan, Malaysia.

Telephone: + (603) 8022 9999
FAX: + (603) 8022 9888

Website: http://www.titijaya.com.my/

Key Executives

  • Chief Executive Officer and Director: Mr. Lim Poh Yit (Age: 31)
  • Group Financial Controller: Ms. Wong Chow Won (Age: 54)
  • Group Managing Director: Prof. Lim Soon Peng (Age: 57)
  • Executive Director: Ms. Lim Puay Fung (Age: 33)
  • Company Secretary: Nutt Sao Bay

Titijaya Land eyes RM122.6m from IPO

KUALA LUMPUR, Nov 11 — Titijaya Land Bhd, en route to listing on the Main Market of Bursa Malaysia on November 27, aims to raise RM122.6 million from its public initial offering (IPO).

In a statement today, Titijaya said RM49.5 million of the proceeds would be used for working capital and RM15 million to repay bank borrowings. The rest would be used to repay advances from the previous shareholders of a subsidiary company (Epoch Property Sdn Bhd), purchase of land bank, and estimated listing expenses, it said.

The property developer said it would issue 81.7 million new ordinary shares of 50 sen each at an issue price of RM1.50.

“Of the shares, 17 million new issue shares will be for the public, six million new issue shares for eligable directors, employees and persons who have contributed to the success of the group, 34 million for Bumiputera investors approved by the Ministry of International Trade and Industry, and 24.7 million new issue shares by way of placement to selected investors,” it said.

Group operating officer Lim Poh Yit said the funds raised would enable the group to strengthen its position in the Klang Valley as well as encourage geographical expansion to other property hotspots via land bank acquisitions.

“Titijaya owns about 188 hectares of strategic land bank within the Klang Valley that are mostly concentrated in the Petaling and Klang districts,” Lim said. The group’s gross developement value (GDV) for ongoing projects has been estimated at RM1.08 billion.

“To date the company has developed over 3,000 units of properties with a completed GDV of RM1.14 billion,” he said.

-- Bernama

  2 people like this.
 
seal9730 zafroonaldo, If your money was refunded means you are not allotted any shares. The balloting was done on 20 Nov, result was out at 21 Nov. 27 Nov is the listing date for the shares.
25/11/2013 14:34
zafroonaldo yeah, bcos i saw on the prospectus i thought it was stated on 26 nov for the balloting result to come out. hehe.. did u get any seal9730?
25/11/2013 15:19
haikeyila get ready for little titi show tomorrow
26/11/2013 17:02
TeddyRiley This Titty will fly tomorrow
26/11/2013 17:28
oskfans Fly kite counter.
27/11/2013 14:03
eu7985 Now vli near to iPo price d...if break 1.50 will it drop lagi gila?
29/11/2013 10:51
fairjimmy Haha . What did i say on Nov 13 , 14?
29/11/2013 11:02
jeffkenneth F the directors.
04/12/2013 18:20
haikeyila blame the uneven floor when you cant dance.
05/12/2013 16:15
kingleecha Don't worry, steady..the price will be increased..be confident of your choice! =)
08/12/2013 19:01

IPO - Caring Pharmacy Group Berhad (CARING)

Author: kltrader   |  Publish date: Sat, 19 Oct 00:15


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.25
Par Value: RM 1.00

Dates:
Offer Period Open: 18-10-13
Offer Period Close: 30-10-13
Tentative listing date:  13-11-13

Number of shares:
Public Issue: 35,000,000

Stock Code: CARING

Official Announcement

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING OF CARING PHARMACY GROUP BERHAD (“CARING”) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD OF A:PUBLIC ISSUE OF 35,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN CARiNG (“SHARES”) AT AN ISSUE PRICE OF RM1.25 PER SHARE PAYABLE IN FULL UPON APPLICATION COMPRISING:

  • 10,886,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
  • 5,716,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS, ELIGIBLE EMPLOYEES AND SHAREHOLDERS OF SUBSIDIARIESOF THE CARiNG GROUP;
  • 4,200,000 NEW SHARES MADE AVAILABLE FOR BUMIPUTERA INSTITUTIONAL AND SELECTED INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND
  • 14,198,000 NEW SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS.

 

Caring Pharmacy To Raise Up To RM43.75 Million From IPO

KUALA LUMPUR, Oct 18 (Bernama) -- Caring Pharmacy Group Bhd (CARING), en route to a listing on the Main Market of Bursa Malaysia on Nov 13, aims to raise RM43.75 million in gross proceeds from its initial public offering (IPO).

The company is expected to have a market capitalisation of RM272.13 million upon listing, based on the IPO price of RM1.25 per share, the company said in a statement Friday.

It said 41 per cent of the proceeds would be utilised to open new pharmacy outlets and another 27 per cent would go towards working capital purposes.

"The listing of CARiNG is a strategic move for our Group as we aim to accelerate overall growth and to fortify our strong position within the market.

"We have worked hard over the years to improve CARiNG's economies of scale which are reflected in our proven performance record as well as sustainable revenue and profit growth since our establishment," said Managing Director Chong Yeow Siang.

Under the IPO exercise, the company is making a public issue of 35 million new shares, out of which 10.886 million shares will be made available for public subscription.

Kenanga Investment Bank Bhd is the principal adviser, managing underwriter, joint underwriter and joint placement agent for the IPO.

-- BERNAMA

  2 people like this.
 
cruger12345 sephiroth... It is a asset light company. As long as the PE at the reasonable range which is 13.24 I don't see the downside of it. If you base on NTA to judge a company value Btoto will be super overvalued.
19/10/2013 15:47
cruger12345 I vet thorugh this company it is actually not bad and not really expensive as compare to the others IPO. I will apply for this. Wish me luck ... Need a lot of it
19/10/2013 15:48
sephiroth cruger, pe of 13 for a small company is consider excessive, most of the good fundamental small stocks are all trading below 10 times eg. fibon,mmode, skpres coz small cap stocks won't attract big funds
19/10/2013 16:04
lloydlim Guys, can guide me how to apply this IPO through CIMB ATM machine, thanks!
19/10/2013 23:13
harrykok Hi ohy2012,read the feed back from xyzsim? It could be Maybank's Eshare site NOT updated for this IPO yet. Alternatively, apply through the traditional way, using application form that can be obtained from broking firms. Ya, a bit hassle coz needs to secure bank draft/photostated IC and postage money. Best of Luck!
20/10/2013 17:19
ohy2012 Thanks harrykok. Maybe we hope that MAYBANK will update for this IPO soon.
20/10/2013 18:34
TeddyRiley worth to apply?
23/10/2013 10:01
BiLoSellHi anyone has a research report from any of the broking firms?
23/10/2013 17:37
twim Closing tomorrow. Kenanga give fv rm1.55 n dividend yield of 3%. Can try abit...
29/10/2013 22:29
CityHunteR 1.5 too high d...lol
15/11/2013 00:52


 

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