Highlights

IPO Malaysia

Author: kltrader   |   Latest post: Thu, 28 Apr 2016, 09:01 PM

 

IPO - Salutica Berhad (SALUTE)

Author: kltrader   |  Publish date: Thu, 28 Apr 2016, 09:01 PM


Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.80
Par Value: RM 0.10

Dates:
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

Official Announcement

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.

Company Overview

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

Telephone: +605 320 6800
Fax: +605 322 2029
Web:  http://www.salutica.com

 

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.

-- The Sun Daily

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damiantreez can someone who using maybank2u confirm if salutica already available for application or not? My maybank2u does not have salutica ipo.
29/04/2016 10:22
Beza CIMB shows salutica in.
29/04/2016 10:34
damiantreez maybank not yet. anybody on maybank?
29/04/2016 11:09
wanpjsi Done by maybank
03/05/2016 22:28
1dejan2 http://klse.i3investor.com/blogs/rhb/95945.jsp
05/05/2016 10:32
1dejan2 http://www.theedgemarkets.com/my/article/public-invest-research-values-salutica-99-sen?type=Corporate
05/05/2016 10:33
Tro11ex Public investment bank: 0.99
RHB IB: 1.18
05/05/2016 10:42
Tro11ex TA: 0.95
Public Investment Bank at: 0.99
RHB Investment Bank: 1.18
Mercury: 1.00
05/05/2016 17:30
1dejan2 thanks for sharing. i think they Salutica will do well
05/05/2016 17:35
Investeye http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=660&name=IN_ATTACHMENT
Hopefully my application will successful..
11/05/2016 10:29

IPO - LKL International Berhad (LKL)

Author: kltrader   |  Publish date: Wed, 27 Apr 2016, 09:31 AM


Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.20
Par Value: RM 0.10

Dates:
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

Official Announcement

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.

Company Overview

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,
Selangor, Malaysia

Tel : +603 8948 2990
Mobile: +6016 3328 242 / 016 2328 195
Fax : +603 8948 7904 / 8943 8487

Email: info@lklbeds.com
Web:  http://www.lklbeds.com/

 

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

 
  2 people like this.
 
FairTalk The 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 ?
04/05/2016 14:28
nikfakhri agreed
04/05/2016 14:42
ebook Target Price : 22cent - 26cent
06/05/2016 09:18
ironmania Write 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...
07/05/2016 13:24
weijian RM400k ballot for 10000shares or RM2k shares. Worth it?
08/05/2016 10:59
13/05/2016 20:15
16/05/2016 08:31
16/05/2016 08:40
16/05/2016 08:49
VenFx $0.20 has been the projection from P.e. 14 x 2017's estimated profit. 
Anyway, funds love this sector very much, could possibly boost LKL to a higher premium.
16/05/2016 08:50

IPO - Pecca Group Berhad (PECCA)

Author: kltrader   |  Publish date: Wed, 27 Apr 2016, 09:20 AM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM1.42
Par Value: RM 0.50

Dates:
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

Official Announcement

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

Company Overview

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


Phone: 603 6275 1800
Fax: 603 6275 9867
Website: www.peccaleather.com

 

Labels: PECCA
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Hiu Chee Keong I will buy some when market fall back.
27/04/2016 09:22

IPO - Bison Consolidated Berhad (BISON)

Author: kltrader   |  Publish date: Wed, 30 Mar 2016, 09:36 AM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.10
Par Value: RM 0.20

Dates:
Offer Period Open: 04 Mar 16
Offer Period Close: 14 Mar 16
Tentative listing date: 29 Mar 16

Number of shares:
Public Issue: 80,620,000
Offer for Sale: -
Private Placement: -

Stock Code: BISON

Official Announcement

INITIAL PUBLIC OFFERING OF 80,620,000 ORDINARY SHARES OF RM0.20 EACH IN BISON CONSOLIDATED BERHAD ("BISON") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 310,070,000 ORDINARY SHARES OF RM0.20 EACH IN BISON, COMPRISING THE PUBLIC ISSUE WHICH ENCOMPASSES:

(I) INSTITUTIONAL OFFERING OF 62,316,500 IPO SHARES COMPRISING: - 31,306,500 IPO SHARES TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"); AND - 31,010,000 IPO SHARES TO BUMIPUTERA INSTITUTIONAL AND SELECTED INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE;

(II) RETAIL OFFERING OF 18,303,500 IPO SHARES COMPRISING: - 15,503,500 IPO SHARES TO THE MALAYSIAN PUBLIC; AND - 2,800,000 IPO SHARES MADE AVAILABLE TO THE ELIGIBLE PERSONS (AS DEFINED IN THE PROSPECTUS); AT THE RETAIL PRICE OF RM1.10 PER IPO SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE FINAL RETAIL PRICE (AS DEFINED IN THE PROSPECTUS) AND THE RETAIL PRICE IF THE FINAL PRICE IS LESS THAN THE RETAIL PRICE.

THE FINAL RETAIL PRICE WILL BE EQUAL TO THE INSTITUTIONAL PRICE PROVIDED THAT IT WILL NOT EXCEED THE RETAIL PRICE. THE INSTITUTIONAL OFFERING AND THE RETAIL OFFERING ARE SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AS DESCRIBED IN THE PROSPECTUS.

Company Overview

Bison Consolidated Berhad, and investment holding company, operates a chain of press and convenience retail outlets under the trade names of myNEWS.com, newsplus, MAGBIT, THE FRONT PAGE, and WHSmith in Malaysia. Its stores offer print media such as newspapers, periodicals, magazines, and books; and convenience retail products, including tobacco, food and beverages, fresh food and snacks, prepaid mobile starter packs, personal hygiene products, grocery items, dairy products, and stationery, as well as consumer services comprising electronic payment services and at selected outlets, photocopying services, money transfer services, courier drop off services, and ATM services.

The company is also involved in the operation of food and beverage restaurants; commercialization of a publications; distribution of magazine; and provision of POS software, as well as the implementation, maintenance, and technical services relating to the software. Its retail network consists of 192 myNEWS.com outlets, 20 newsplus outlets, 3 MAGBIT outlets, 1 THE FRONT PAGE outlet, and 8 WHSmith outlets as at the LPD; and covers a total of approximately 144,226 sq. ft. of retail space. The company was founded in 1996 and is headquartered in Kuala Lumpur, Malaysia.

Address & Contact:

258-259, Jalan KIP 4, KIP Industrial Park
Kuala Lumpur,  52200 Malaysia

Phone: 603 6273 6366
Fax: 603 6277 4911

Web:  http://www.bisonconsolidated.com/home/

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IPO - Chin Hin Group Berhad (CHINHIN)

Author: kltrader   |  Publish date: Wed, 30 Mar 2016, 09:29 AM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 0.65
Par Value: RM 0.50

Dates:
Offer Period Open: 18 Feb 16
Offer Period Close: 25 Feb 16
Tentative listing date: 8 Mar 16

Number of shares:
Public Issue: 63,197,900
Offer for Sale: 65,000,000
Private Placement: 45,914,700

Stock Code: CHINHIN

Official Announcement

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

(I) PUBLIC ISSUE OF 63,197,900 NEW ORDINARY SHARES OF RM0.50 EACH (SHARES) IN THE FOLLOWING MANNER:- - 25,294,400 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; - 6,400,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES; AND - 31,503,500 NEW SHARES BY WAY OF PLACEMENT TO IDENTIFIED INVESTORS, AND

(II) OFFER FOR SALE OF 65,000,000 EXISTING SHARES IN THE FOLLOWING MANNER:- - 14,411,200 EXISTING SHARES BY WAY OF PLACEMENT TO IDENTIFIED INVESTORS; AND - 50,588,800 EXISTING SHARES BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT AN ISSUE/OFFER PRICE OF RM0.65 PER SHARE, PAYABLE IN FULL UPON APPLICATION

Company Overview

Chin Hin Group Berhad, together with its subsidiaries, provides building materials and services to retailers, dealers, industrial users, developers, and contractors primarily in the building and construction industries in Malaysia. It engages in supplying a range of building materials, such as cement and concrete products; roofing and steel products; bricks and pavers; finishing and interior products; ceiling and corrugated sheets; wood products; tiles; installation and storage products; and sanitary products.

The company also distributes ready-mixed, rapid hardening, fiber-reinforced, fluid-fill, self-compacting, architectural and decorative, roller-compacted, low heat/temperature control, and pavement concrete products. In addition, it manufactures lightweight blocks, panels, lintels, adhesives, renders, and AAC tools and accessories; precast concrete products, including industrial building systems, manhole systems, rebated joint pipes, socket joint pipes, and jacking pipes; mesh and steel bars; and roofing and lightweight truss systems. Further, the company is involved in the letting of properties and hire purchase financing business. Chin Hin Group Berhad was founded in 1974 and is headquartered in Kuala Lumpur, Malaysia.

Address & Contact:

Chin Hin Group Berhad (1097507-W)
A-1-9, Pusat Perdagangan Kuchai,
No. 2, Jalan 1/127, off Jalan Kuchai Lama,
58200 Kuala Lumpur, Wilayah Persekutuan.

T: +603-7981 7878
F: +603-7981 7575
Email: info@chinhingroup.com
Web:  http://www.chinhingroup.com/

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IPO - Ranhill Holdings Berhad (RANHILL)

Author: kltrader   |  Publish date: Tue, 12 Jan 2016, 10:46 AM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.70
Par Value: RM 1.00

Dates:
Offer Period Open: 31-12-15
Offer Period Close: 29-01-16
Tentative listing date: 18-02-16

Number of shares:
Public Issue: 375,000,000
Offer for Sale: 100,000,000
Private Placement: -

Stock Code: RANHILL

Official Announcement

PUBLIC OFFERING OF UP TO 475,000,000 ORDINARY SHARES OF RM1.00 EACH IN RANHILL HOLDINGS BERHAD (RANHILL) (OFFERING SHARES) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ISSUED AND PAID-UP CAPITAL OF UP TO 940,994,967 ORDINARY SHARES OF RM1.00 EACH IN RANHILL (SHARES) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING

(A) AN OFFER FOR SALE OF UP TO 100,000,000 EXISTING SHARES (OFS SHARES) AND

(B) A PUBLIC ISSUE OF UP TO 375,000,000 NEW SHARES (ISSUE SHARES), INVOLVING:

(I) INSTITUTIONAL OFFERING OF UP TO 354,180,000 OFFERING SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (INSTITUTIONAL PRICE); AND

(II) RETAIL OFFERING OF 120,820,000 ISSUE SHARES COMPRISING: - RESTRICTED OFFERING OF 65,994,965 ISSUE SHARES TO OUR EXISTING SHAREHOLDERS WHO WERE THE SHAREHOLDERS OF SYMPHONY HOUSE BERHAD AND WERE ENTITLED TO THE SCHEME OF ARRANGEMENT (AS DEFINED HEREIN), ON THE BASIS OF ONE (1) ISSUE SHARE FOR EVERY TEN (10) SYMPHONY SHARES (AS DEFINED HEREIN) HELD ON THE ENTITLEMENT DATE FOR THE SCHEME OF ARRANGEMENT (AS DEFINED HEREIN);

  • 36,000,000 ISSUE SHARES RESERVED FOR SUBSCRIPTION BY THE ELIGIBLE INDIVIDUALS (AS DEFINED HEREIN); AND
  • PUBLIC OFFERING OF 18,825,035 ISSUE SHARES TO THE MALAYSIAN PUBLIC,

AT THE RETAIL PRICE OF RM1.70 PER ISSUE SHARE (RETAIL PRICE), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED HEREIN), IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND THE OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF (I) THE RETAIL PRICE; OR (II) THE INSTITUTIONAL PRICE.

Company Overview

Ranhill are a Malaysian conglomerate with interests in power and environment sectors. In the power sector, Ranhill develop, own and operate power generation assets. In the environment sector, Ranhill provide water supply services, operate water and wastewater treatment plants, and provide specialised services in the management and optimisation of water utility assets.

Address & Contact:

Level 15, Wisma Perkeso
155, Jalan Tun Razak, 50400 Kuala Lumpur
 

Tel:  03-2685 5200
Fax: 03-2685 5289
Email: info@ranhill.com.my
Web:  www.ranhill.com.my

In the News

SC approves Ranhill’s RTO

PETALING JAYA: The Securities Commission has finally given the green light for Ranhill Holdings Bhd to be on the Main Market of Bursa Malaysia through the reverse takeover (RTO) of Symphony House Bhd.

The corporate exercise was proposed on March 26 last year and was tweaked to include only its utility business worth RM800mil. Before that, Ranhill intended to do the RTO with its oil and gas businesses.

The deal involves the exchange of the entire issued and paid-up share capital of Symphony of up to RM66mil, comprising up to 660 million Symphony shares for up to 66 million new Ranhill Holdings shares. It is based on one Ranhill Holdings share for every 10 Symphony shares held.

It will also buy Ranhill Group Sdn Bhd, formerly Ranhill Power Sdn Bhd, for RM107mil and Ranhill Utilities Sdn Bhd for RM693mil at the issue price of RM1.60 apiece.

On top of that, it will buy the remaining 47.9% equity interest in RWT (Cayman) by Ranhill Holdings from Ranhill Utilities Sdn Bhd for US$25.42mil (RM96.85mil) but sell all its shares in Symphony through a management buyout for RM60mil.

-- The Star Online

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maxkiller ranhill not close down??
12/01/2016 12:16
popcorn 1.7 too expensive...
99% sure it will drop at the first issue day, now many ppl short of cash~ let set target price 1.3~
18/01/2016 21:22
muscle Those who got tis ipo sure 101% die
18/01/2016 21:27
Hiu Chee Keong The actual ipo price is 1.20
27/04/2016 09:24


 

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