Author:kltrader | Publish date: Fri, 10 Mar 2017, 11:33 AM
Listing Sought: Main Market
Issue Price: RM 1.20
Offer Period Open: 9 Mar 2017
Offer Period Close: 20 Mar 2017
Tentative listing date: 3 Apr 2017
Number of shares:
Public Issue: 2,153,459,200
Offer for Sale: -
Private Placement: -
Stock Code: EWINT
INITIAL PUBLIC OFFERING ("IPO") OF UP TO 2,153,459,200 NEW ORDINARY SHARES IN ECO WORLD INTERNATIONAL BERHAD ("EWI") ("SHARES") ("IPO SHARES") COMPRISING:
(I) INSTITUTIONAL OFFERING OF UP TO 449,459,200 IPO SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE");
(II) RETAIL OFFERING OF 408,000,000 IPO SHARES TO:
(A) THE DIRECTORS AND ELIGIBLE EMPLOYEES OF EWI AND ITS SUBSIDIARIES AND JOINT VENTURES ("EWI GROUP");
(B) THE DIRECTORS OF ECO WORLD DEVELOPMENT GROUP BERHAD ("EW BERHAD") AND THE ELIGIBLE EMPLOYEES OF EW BERHAD AND ITS SUBSIDIARIES WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE EWI GROUP;
(C) THE ENTITLED SHAREHOLDERS OF EW BERHAD; AND
(D) THE MALAYSIAN PUBLIC,
AT THE RETAIL PRICE OF RM1.20 PER IPO 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 IN THIS PROSPECTUS) IF THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE;
(III) ALLOCATION TO EW BERHAD, THROUGH ITS NOMINATED WHOLLY-OWNED SUBSIDIARY, NAMELY ECO WORLD CAPITAL (INTERNATIONAL) SDN BHD, OF SUCH NUMBER OF IPO SHARES, REPRESENTING 27.0% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF EWI AT THE INSTITUTIONAL PRICE; AND
(IV) ALLOCATION TO GUOCOLAND LIMITED, THROUGH ITS NOMINATED INDIRECT WHOLLY-OWNED SUBSIDIARY, NAMELY GLL EWI (HK) LIMITED, OF SUCH NUMBER OF IPO SHARES, REPRESENTING 27.0% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF EWI AT THE INSTITUTIONAL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS.
THE FINAL RETAIL PRICE WILL EQUAL TO THE LOWER OF (I) THE RETAIL PRICE OF RM1.20 PER IPO SHARE; OR (II) THE INSTITUTIONAL PRICE; AND BONUS ISSUE OF TWO FREE WARRANTS IN EWI ("WARRANTS") FOR EVERY FIVE EWI SHARES HELD AFTER THE IPO, IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF EWI AND THE WARRANTS ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.
Eco World International Berhad develops real estate properties in the United Kingdom and Australia. It develops residential, commercial, and retail properties. The company was incorporated in 2013 and is based in Kuala Lumpur, Malaysia. Eco World International Berhad is a subsidiary of Eco World Development Group Berhad.
Address & Contact:
The Gardens North Tower, Suite 3A. 01, Level 3A
Mid Valley City, Lingkaran Syed Putra
Kuala Lumpur, 59200 Malaysia
News: Eco World International to Raise About RM2.58b From IPO
KUALA LUMPUR: Eco World International Bhd (EWI), which is the largest initial public offer (IPO) this year, expected to raise about RM2.584bil from the issuance of 2.153 billion news shares.
The prospectus issued on Thursday showed that the retail offering is RM1.20 a share while the bulk of the shares offered to insitutions at the institutional offering would be decided via a book-building as it seeks a listing on the Main Market of Bursa Malaysia.
The 2.153 billion new shares would comprise an institutional offering of up to 449.459 million shares to Malaysian and foreign institutional and selected investors at the institutional price to be determined by bookbuilding.
It said the retail offering of 408 million shares would be offered to the directors and eligible employees of EWI and its subsidiaries and joint ventures, directors of Eco World Development Group Bhd (EW Bhd) and the eligible employees of EW Bhd and its subsidiaries; entitled shareholders of EW Bhd and the Malaysian public, at the retail price of RM1.20 per IPO share.
“The final retail price will equal to the lower of the retail price of RM1.20 per IPO share; or the institutional price; and bonus issue of two free warrants in EWI (warrants) for every five EWI shares held after the IPO,” it said.
EWI said that out of the RM2.584bil to be raised from the IPO, a total of RM1.367bil or 52.9% would be used to repay bank borrowings and repayment of advances. Another RM1.126bil or 43.6% would be used for working capital and/or future land acquisitions.
EWI would also issue up to 960 million warrants and assuming all the warrants are converted into shares at the exercise price of RM11.45, this would enable it to raise RM1.39bil.
EWI recently signed three key agreements as part of its IPO process.
The first was a share subscription agreement with GuocoLand Limited for a strategic 27% stake in EWI’s enlarged issued and paid-up share capital.
Secondly, it signed a retail underwriting agreement with the six banks to fully underwrite the retail offering.
Thirdly, it signed cornerstone placement agreements with the Employees Provident Fund Board, Permodalan Nasional Berhad and Kumpulan Wang Persaraan (Diperbadankan) (KWAP) , which have agreed to subscribe for 212,400,000 Shares in the aggregate.
President and CEO of EWI, Datuk Teow Leong Seng said: “We are pleased with the interest shown by the cornerstone Investors and we look forward to the opening of the retail offering and the institutional offering today.”
The retail offering of 408 million IPO shares is fully underwritten by CIMB Investment Bank Bhd (CIMB), Maybank Investment Bank Bhd (Maybank) and Hong Leong Investment Bank Bhd, as joint managing underwriters and joint underwriters, and Alliance Investment Bank Bhd, AmInvestment Bank Bhd and RHB Investment Bank Bhd, as joint underwriters.
EWI said the projects being undertaken now include three sites in the UK. Through its joint-venture company, EcoWorld-Ballymore, EWI is developing three waterside residential projects in the east and west of London: Embassy Gardens in Nine Elms, London City Island in Leamouth Peninsula, East London, and Wardian London in Canary Wharf.
EWI is also developing a project in Australia called West Village in Parramatta – a suburb and major business district in the metropolitan area of Sydney.
Based on valuation reports prepared by Jones Lang LaSalle and m3property, the total estimated gross development value for all four projects is about RM12.96bil.
sctanfrom the author: EWI would also issue up to 960 million warrants and assuming all the warrants are converted into shares at the exercise price of RM11.45, this would enable it to raise RM1.39bil. Exercise price is RM1.45 or RM11.45? Based on RM1.39bil, it should be RM1.45.
Author:kltrader | Publish date: Mon, 2 Jan 2017, 05:11 PM
Listing Sought: Main Market
Issue Price: RM 1.50
Par Value: RM 0.50
Offer Period Open: 30 Dec 2016
Offer Period Close: 19 Jan 2017
Tentative listing date: 8 Feb 2017
Number of shares:
Public Issue: 271,400,000
Offer for Sale: 118,000,000
Private Placement: -
Stock Code: SERBADK
INITIAL PUBLIC OFFERING (IPO) OF UP TO 389,400,000 ORDINARY SHARES OF RM0.50 EACH IN SERBA DINAMIK HOLDINGS BERHAD (SERBA DINAMIK HOLDINGS) (IPO SHARES) COMPRISING AN OFFER FOR SALE OF UP TO 118,000,000 EXISTING SHARES (OFFER SHARES) AND A PUBLIC ISSUE OF 271,400,000 NEW SHARES (ISSUE SHARES) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 1,335,000,000 ORDINARY SHARES OF RM0.50 EACH IN SERBA DINAMIK HOLDINGS (SHARES) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD IN THE FOLLOWING MANNER:
(A) INSTITUTIONAL OFFERING OF UP TO 341,300,000 IPO SHARES TO MALAYSIAN 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
(B) RETAIL OFFERING OF 48,100,000 ISSUE SHARES TO THE ELIGIBLE DIRECTORS AND EMPLOYEES OF SERBA DINAMIK HOLDINGS AND ITS SUBSIDIARIES AND THE MALAYSIAN PUBLIC, AT THE RETAIL PRICE OF RM1.50 PER SHARE (RETAIL PRICE), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE 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.
THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF: (I) THE RETAIL PRICE OF RM1.50 PER ISSUE SHARE; AND (II) THE INSTITUTIONAL PRICE, SUBJECT TO ROUNDING.
Serba Dinamik Sdn Bhd provides integrated engineering, contracting, and maintenance services. The company also offers system integrator/packager, operation and maintenance, trading, training, and information technology services; and procurement, construction, and commissioning services. It serves customers worldwide. The company was founded in 1993 and is based in Shah Alam, Malaysia.
Address & Contact:
7-5, Pusat Dagangan UMNO Shah Alam
Lot 8, Persiaran Damai
Seksyen 11 Shah Alam, 40100 Selangor, Malaysia
News: Serba Dinamik listing to be biggest in 19 months
PETALING JAYA: Serba Dinamik Holdings Bhd’s plan of raising close to RM600mil from its initial public offering (IPO) comes at a time when there is a dearth of IPOs.
The energy services group’s listing on Feb 8 marks the country’s biggest listing in 19 months.
The largest Malaysian IPO this year was by Ranhill Holdings Bhd for RM386.8mil through a reverse takeover, according to Reuters data.
Malakoff Corp Bhd and Sunway Construction Group Bhd raised RM2.74bil and RM550mil, respectively, in May and July 2015.
Through its public issue, Serba Dinamik Holdings aims to raise total gross proceeds of RM407.1mil, of which about 73.69% of proceeds will be used for the expansion of the group’s business and operational facilities, and about 7.20% for working capital.
A further 14.74% of the proceeds will be utilised for repayment of bank borrowings/financing while the balance of 4.37% will be allocated to defray estimated listing expenses.
The company, which is issuing up to 389.4 million shares at an issue price of 50 sen each, is offering for sale up to 118 million existing shares and 271.4 million new shares.
Of this, 153.5 million will be allocated to bumiputra investors, 187.78 million to institutional investors and the remaining 48.1 million to retail investors.
RHB Investment Bank Bhd and Affin Hwang Investment Bank Bhd are the joint principal advisers, joint bookrunners and joint underwriters, while AmInvestment Bank Bhd and Kenanga Investment Bank Bhd are joint underwriters for the IPO.
RHB Investment Bank is also the managing underwriter for the listing exercise.
Serba Dinamik, which launched its prospectus yesterday, said in a statement that it had experienced rapid growth over the past three years, particularly in the Middle East, which contributed 47.3% to its total revenue in 2015.
“The downturn in oil prices over the period has also led to asset owners turning to companies like Serba Dinamik for cost-effective solutions, thus strengthening its revenue at a compounded annual growth rate of 61.8% from RM536.2mil in 2013 to RM1.41bil in 2015.”
In the same statement, group managing director and group chief executive officer Datuk Dr Mohd Abdul Karim Abdullah said the company had started to embark on its asset-ownership business model with its first compressed natural gas plant located in Muaro Jambi, Sumatra, Indonesia.
He said the company had two ongoing memorandums of understanding for the partnership agreement to develop small gas power plants and water utilities in East Kalimantan with the local government district development body.
The agreement will also involve the joint development and ownership of a small gas power plant in Muaro Jambi, Sumatra, Indonesia with a local government-owned power corporation.
“In addition, we are looking at opportunities to grow our business through investment and acquisition, but not limited to maintenance, repair and overhaul service providers and small hydropower generation companies that can potentially add value to our existing business operations.
“The successful investment and acquisition will potentially generate an incremental revenue stream for the group while enhancing our competitive advantages within the industry,” he added.
kuachi1337Public IB target price RM2.05. Hope can get good allocation
PavillionLot of Institutions do not want to subscribe to another O & G stocks.They had enough and still stuck with pre 2015 price. They do not have mandate to invest in this sectors....they can't have too big exposure in one particular sector. I think will have hard time to push... plus too big issuing...for now.
moneyseekerHeard that KIP is only oversubscribed by 5x? I applied to Serba I think more worth while from long term perspective. Maintenance services market could be relatively more stable/less volatile compared with property market
ContenderHeard BFM Morning grill this morning with their Group CEO sounds convincing and good, macam boleh ... PE8x.
sohaistockwa this UMNO kaki so panai....last week baru created one official website haha. Matang MCA kaki ady raised fund with 0.13 offering price....UMNO kaki now raise fund with offering price 1.50 (wow...the gap of MCA and UMNO so big leh haha) Both raise fund for election purpose :D Hope that you guys can get the return from the operating of election hahahhahhaha
hisehatu2017, rise of O&G stock. TP : RM1.75 easily.
Mohd Fahmi Bin JaesLATEST NEWS, CORPORATE Serba Dinamik’s IPO shares for public oversubscribed by nearly five times By Sulhi Azman / theedgemarkets.com | January 23, 2017 : 8:25 PM MYT Printer-friendly versionSend by emailPDF version Translated by Google Translator: Select Language▼ KUALA LUMPUR (Jan 23): Engineering and energy services firm Serba Dinamik Holdings Bhd, which is en route for a listing on Bursa Malaysia with what has been touted as the biggest initial public offering in 19 months, saw the 26.7 million public allocation of its IPO shares oversubscribed by 4.96 times.
Its joint book runners — RHB Investment Bank Bhd and Affin HWang Investment Bank Bhd — have also confirmed that the institutional offering of 341.3 million IPO shares have been oversubscribed too, it said in a press statement today.
It detailed that the public portion’s oversubscription rate was based on a total of 10,017 applications for 159 million new shares, of which 5,742 applications were for 77.86 million shares for Bumiputera investors, which represents an oversubscription of 4.83 times of the 13.35 million shares it allocated to these categories of investors.
As for the public category, it obtained 4,275 applications for 81.15 million issue shares, which represents an oversubscription rate of 5.08 times.
“Following the completion of the book-building exercise, the institutional price was fixed at RM1.50 per IPO share. Accordingly, the final retail price was also fixed at RM1.50 per IPO share,” said Serba Dinamik.
To be listed on the main market on Feb 8, Serba Dinamik intends to raise gross proceeds of some RM407.1 million from the issuance of 271.4 million new shares, the bulk of which will be used to expand its business.
Serba Dinamik had, on Dec 30, 2016, announced that its IPO entails the offering of 389.4 million shares, comprising an offer for sale of some 118 million existing shares and the issuance of 271.4 million new shares.
Mohd Fahmi Bin JaesMonday, 23 January 2017 | MYT 11:19 PM Serba Dinamik’s public issue shares oversubscribed five times BY M. HAFIDZ MAHPAR
Author: moneyKing | Publish Date: 18 Jan 2017, 9:16 AM
By theedgemarkets.com / theedgemarkets.com | January 18, 2017 : 9:00 AM MYT
KUALA LUMPUR (Jan 18): Public IB Research has valued Main Market-bound Serba Dinamik Holdings Berhad (Serba Dinamik) at RM2.05, pegged to an 11.0x PE multiple, based on our FY17F EPS of 18.6 sen.
In a note today, the research house said Serba Dinamik’s main activities include operations and maintenance (O&M) services and engineering, procurement, construction and commissioning (EPCC) works.
“Going forward, we expect growth to be driven mainly by its core activities, focusing on international markets such as the Middle East regions while leveraging on its expertise to expand into the power generation sector as an asset owner, contractor and operator.
“We are therefore valuing Serba Dinamik with a fair value of RM2.05 pegged to an 11.0x PE multiple, based on our FY17F EPS of 18.6sen.
hhc8all brokers wrong. over valued this stock average 2.00. Time to buy?
speakuplook like going to close below IPO price 1.50
Joehary Ahmadapart from Shale oversupply, cant think why opening so bad. maybe its time to buy? financial looks GOOD.im buying
speakupbuy if u are willing to hold for few months or years. limited upside for now.
speakupIPO holders trying to get out for small profit. This will cause price overhang for next few days.
speakupin fact, this Serba IPO reminds me of Bplant IPO at 1.60 2 years ago. Bplant was also very highly promoted by the IB, then on listing day, it opened and closed at a small premium to IPO. then 2nd day onwards, it went below IPO price dropped to about 1.40. Only this year, Bplant is above IPO price.
ContenderMohd Fahmi Bin Jaes every other post also one word SELL" but över here heavily promoting SerbaDK.
SarawakiansThen must support him. If checked last year all main board IPO give good return.
Posted by Contender > Feb 8, 2017 11:30 AM | Report Abuse Mohd Fahmi Bin Jaes every other post also one word SELL" but över here heavily promoting SerbaDK.
speakupclose eye......BUY! open eye......BUTA MONEY IN YOUR HANDS!!!
damagpieDont any of you realize that the latest Q result is not 3 month but 4 month results? Nothing fantastic at all about the results. Whats the diff only 1 extra month counted you might ask. 1/3 more is 33% difference...
hisehatuTrust me you can't earn big money today. Sell it, an investors always there to buy.
Joehary Ahmaddamagpie yes the 3rd Qtr results shown was for 4 mnths only i.e. jun - Sept 16(4 months !). add 3 more qtrs (or 8 months in this case, shud get to the EPS arnd 13.5 to 15 for FYE16. mutiply by earnings mutiple of 13(PE 13X 13.5 = RM1.76 at least i wud think. looks cheap compare to uzma & deleum. thats it im buying more. yes small time player oni hahah
Author:kltrader | Publish date: Mon, 2 Jan 2017, 05:01 PM
Listing Sought: Main Market
Issue Price: RM 1.00
Offer Period Open: 30 Dec 2016
Offer Period Close: 16 Jan 2017
Tentative listing date: 6 Feb 2017
Number of shares:
Public Issue: 13,500,000
Offer for Sale: -
Private Placement: 220,650,000
Stock Code: KIPREIT
INITIAL PUBLIC OFFERING OF 234,150,000 OFFER UNITS IN KIP REIT ("UNITS") COMPRISING THE ISSUANCE OF:
(I) 220,650,000 OFFER UNITS MADE AVAILABLE FOR APPLICATION BY MALAYSIAN INSTITUTIONAL INVESTORS AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY, AT THE INSTITUTIONAL PRICE BEING THE PRICE PER UNIT PAYABLE BY THE INVESTORS WHICH WILL BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"); AND
(II) 13,500,000 OFFER UNITS MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC, THE ELIGIBLE DIRECTORS AND EMPLOYEES OF THE MANAGER, THE VENDORS (AS DEFINED IN THE PROSPECTUS) AND ELIGIBLE ASSOCIATE COMPANIES OF THE PROMOTERS (AS DEFINED IN THE PROSPECTUS) AT THE RETAIL PRICE OF RM1.00 PER UNIT PAYABLE BY APPLICANTS ("RETAIL PRICE"), SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISION IN CONNECTION WITH THE LISTING OF AND QUOTATION FOR 505,300,000 UNITS IN KIP REIT ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.
THE RETAIL PRICE IS PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE, IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE. THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF: (I) THE RETAIL PRICE OF RM1.00 PER UNIT; AND (II) THE INSTITUTIONAL PRICE.
KIP Real Estate Investment Trust operates as a real estate investment trust. The Company offers its services in Malaysia.
News: KIP REIT expects to raise RM234m from IPO
KUALA LUMPUR: KIP Real Estate Investment Trust (KIP REIT), which is en route to a listing on the Main Market of Bursa Malaysia Securities, is expected to raise RM234.2 million from its initial public offering (IPO).
The proceeds will be used mainly for the acquisitions of KIP REIT’s initial portfolio consisting of five KiP Marts – in Tampoi, Kota Tinggi, Masai, Senawang and Malacca – as well as a neighbourhood retail centre known as KiP Mall in Bangi. The assets are valued at RM580 million and have an average occupancy rate of 85% and above, with a yield of 6.54%.
KIP REIT’s IPO of 234.15 million offer units comprises the issuance of 220.65 million offer units (43.7%) for institutional and selected investors at a price to be determined by way of bookbuilding and 13.5 million offer units (2.7%) for retail investors at RM1 per unit.
Based on the enlarged share capital of 505.3 million units, the total market capitalisation of KIP REIT upon listing is estimated to be RM505.3 million.
It is the intention of KIP REIT’s manager KIP REIT Management Sdn Bhd to distribute up to 100% of KIP REIT’s distributable income for FY17 and FY18 and thereafter at least 90% of KIP REIT’s distributable income on a half-yearly basis.
KIP REIT Management CEO Lim Han Gie said its focus on hybrid (traditional wet market and conventional shopping centre) community-centric retail centres that cater to communities’ need for fresh produce and daily essentials, coupled with its diversified tenant base and strategic geographical locations in growing catchment areas, are what make KIP REIT attractive.
“KiP Mart is differentiated from the normal retail markets. We focus on the daily essentials. Although many people think the retail market is softening, our focus is on essentials and necessities, so we’re not that affected,” Lim said after launching the prospectus last Friday.
He said the targets of KIP REIT could be achieved through the optimisation and asset enhancement by the management. The manager has the “right of first refusal” to expand KIP REIT in the future, through the acquisition of other KiP Marts in Johor, Penang, Pahang, Kedah, Selangor and Negri Sembilan.
KIP REIT’s gross rental income for the past three financial years has been growing steadily from RM48.30 million in 2014, RM51.63 million in 2015 and RM53.00 million in 2016. It posted a net property income of RM32.76 million in 2014, RM38.27 million in 2015 and RM42.24 million in 2016.
Upon listing, KIP REIT’s debt-to-asset ratio will be 14.8%, which is below the average Malaysian REIT of 32% as at Sept 30, 2016. This will allow KIP REIT to undertake borrowings for future acquisitions or asset enhancement.
KIP REIT’s retail offering will close on Jan 16. It is expected to list on Feb 6.
moneyseekeram considering this one as well in addition to serba, but i think growth in O&G is more sustainable than REIT's. KIP div yield is 6+%, div yield for serba should be more than 10% and their EPS is strong
chong932If you check the last Reit IPO, Al-Salam Reit, in year 2015, then you will realize how risky it is to subscribe Riet IPO. Al-Salam Reit was traded below IPO price on 3rd day. Must avoid!
omightycapWe've just posted a review for this IPO and think its a good buy... Have a look!
Offer Period Open: 20 Dec 2016
Offer Period Close: 28 Dec 2016
Tentative listing date: 10 Jan 2017
Number of shares:
Public Issue: 39,591,000
Offer for Sale: 34,309,000
Private Placement: 58,701,000
Stock Code: HLT
(I) PUBLIC ISSUE OF 39,591,000 NEW ORDINARY SHARES OF RM0.10 EACH IN HLT GLOBAL BERHAD ("PUBLIC ISSUE SHARES") COMPRISING:-
(A) 13,199,000 PUBLIC ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; AND
(B) 26,392,000 PUBLIC ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY VIA PRIVATE PLACEMENT;
(II) OFFER FOR SALE OF 34,309,000 ORDINARY SHARES OF RM0.10 EACH IN HLT GLOBAL BERHAD ("OFFER SHARES") COMPRISING:-
(A) 2,000,000 OFFER SHARES MADE AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF HLT GLOBAL BERHAD AND ITS SUBSIDIARY; AND
(B) 32,309,000 OFFER SHARES MADE AVAILABLE FOR APPLICATION BY SELECTED INVESTORS VIA PRIVATE PLACEMENT, AT AN ISSUE/OFFER PRICE OF RM0.45 PER PUBLIC ISSUE SHARE/OFFER SHARE PAYABLE IN FULL UPON APPLICATION
IN CONJUNCTION WITH THE LISTING OF HLT GLOBAL BERHAD ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD
HLT Global Berhad, through its subsidiary, HL Advance, engages in the design, fabrication, installation, testing, and commissioning of glove-dipping lines. It also provides upgrading and modification works for glove-dipping lines; and supplies and trades in associated parts and components. The company’s customers include rubber glove manufacturing companies involved in the production of natural and/or synthetic rubber gloves used across various industries comprising medical, industrial, and food processing industries. It supplies glove-dipping lines in Malaysia, Indonesia, Thailand, China, and India. The company was founded in 1990 and is headquartered in Puchong, Malaysia.
Address & Contact:
No.6, Jalan Industri Mas 7
Taman Mas Puchong, 47130 Selangor, Malaysia
KUALA LUMPUR: Glove-dipping lines manufacturer HLT Global (HLTG) Bhd aims to raise gross proceeds of RM17.8mil from its initial public offering (IPO).
Executive director Chan Yoke Chun said 51% of the proceeds would be predominantly used for capital expenditure, including for the acquisition of land and construction of a factory in southern Klang Valley.
"The proposed land acquisition and factory construction are pursuant to our plan to set up a new factory.This will enable us to increase production capacity to capture more business opportunities in the future," she said at the launch of the company's prospectus in conjunction with its proposed listing on the Ace Market of Bursa Malaysia, here today.
Chan said the remaining proceeds would be utilised for research and development (8.42%), working capital (27.59%) and estimated listing expenses (13.47%).
The IPO exercise involves 39.6 million ordinary shares, 13.2 million shares for the Malaysian public, 26.4 million shares for Bumiputera investors.
In addition, two million shares will be made eligible for the directors and employees of HLTG and its subsidiaries, while 32.31 million shares will be offered to selected investors.
Under the IPO, the company is making a public issue of 264 million new shares at an issue price of 45 sen each, which in turn will have a market capitalisation of RM118.8mil.
Application for the public issue will be closed on Dec 28, while the company is due to list on Jan 10, 2017.
Later at a press conference, Chan said the company planned to expand into Vietnam next year in the quest to tap into the potential market.
"From our research, Vietnam is a good place to invest because we can see a lot of people (businesses) going there, including (investors) from China and Taiwan," she said.
Besides Malaysia, the company has presence in Thailand, Indonesia, India and Saudi Arabia.
HLTG's order book currently stood at RM69mil which will keep the company busy until end of 2017.
On the weakening of ringgit, Chan said it has no significant effect on the company's revenue as 70% of its raw materials was purchased locally, while the remaining percentage was imported from countries like China, Denmark and Singapore.
"In fact, when we export our goods we would be turning a profit as we utilise the US dollar in our operations," she said, adding the company held 26.6% market share in industry revenue - Bernama.
Offer Period Open: 19 Dec 2016
Offer Period Close: 03 Jan 2017
Tentative listing date: 17 Jan 2017
Number of shares:
Public Issue: 130,000,000
Offer for Sale: -
Private Placement: -
Stock Code: MATANG
INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING PUBLIC ISSUE OF 130,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN OUR COMPANY FOR APPLICATION BY THE MALAYSIAN PUBLIC AT AN ISSUE PRICE OF RM0.13 PER SHARE, PAYABLE IN FULL UPON APPLICATION.
Matang Berhad is an investment holding company operating through its subsidiary that develops real estate properties. Matang Berhad was incorporated in 1978 and is based in Johor Bahru, Malaysia. Through its subsidiary, Matang Holdings Berhad, the company engages in the management of oil palms plantation estate, sale of fresh fruit bunches, and property investment holding activities. Its total plantation area comprise of 1,082.1 hectares of plantation estate land located in Johor.
Address & Contact:
Suite 905, Level 9, City Plaza
21, Jalan Tebrau, Johor Bahru, 80300 Johor, Malaysia
News: Matang to raise RM16.9m from IPO, offers shares at 13 sen each
KUALA LUMPUR: Plantation company Matang Bhd expects to raise RM16.90mil from its listing on the ACE Market of Bursa Malaysia Securities Bhd.
Under the listing exercise, Matang is issuing 130 million new shares of 10 sen each made available to the Malaysian public at the offer price of 13 sen per share.
Based on the enlarged issued and paid-up share capital of 1.81 billion shares and the IPO price or 13 sen per share, its market capitalisation would be about RM235.30mil upon listing. Matang’s listing is tentatively scheduled for Jan 17, 2017.
Speaking at the launch of the prospectus on Monday morning, Matang chairman Datuk Teh Kean Ming said he is optimistic about the company’s prospects due to the positive outlook for the plantation industry.
“Matang expects to see some of its oil palms which were replanted over the past a few years ago to start yielding optimal level of FFB production in the near future.
“Coupled with the current crude palm oil (CPO) at over RM2,900 per tonne and industry expectations of the average CPO price of above RM2,700 next year, the board believes there is potential for growth prospects for Matang,” he added.
Of the RM16.90mil to be raised from the listing exercise, RM11.92mil or 70.5% would be used mainly for general working capital to finance Matang and its subsidiaries’ day-to-day operations over the next five years.
Also RM2.55mil or 15.1% would be used for capital expenditure to boost its operations of Matang estate, RM250,000 (1.5%) for replanting to improve the oil palm trees age profile and the remaining RM2.18mil (12.9%) would be to defray the listing expenses for the IPO.
Teh said out of the proceeds of RM11.92mil for day-to-day operational expenses, about RM9mil would be used over the next five years for purchase of fertilisers to ensure Matang’s oil palms yield an optimal level of fresh fruit bunches (FFB).
He added the replanting expenditure for Matang over the next two years would cover the purchase of the high quality “Felda Yangambi” line of germinated seeds, purchase of topsoil for the palm seedlings, land clearing expenses and costs associated with the preparation of the palm groves where the seedlings are to be planted.
Matang uses the “Felda Yangambi” line of germinated seeds as it has historically generated higher FFB yield and is also preferred by palm oil mills for the ability to produce FFBs with higher oil extraction rate.
Teh also said the palm oil industry and its plantation segment have the full support of the Malaysian Government, which has singled out palm oil as one of the main sectors to help Malaysia achieve developed nation status by 2020.
Matang’s oil palm trees are generally replanted when they are above 24 years old and are low yielding and for that, Matang has targeted to replant 16.4 hectares of its plantation area in 2017 as it seeks to improve the age profile of its oil palm trees.
It will take about four years before its replanted oil palm trees mature and start producing FFBs.
This reflects the group’s commitment to maintaining a low average age profile of its oil palms to ensure majority of the oil palms are within peak production ages of between five and 20 years.
As at 30 June 2016, only 16.4 hectares, or about 1.5% of Matang’s total oil palm plantation area, is with oil palm trees which had reached 21 years and above, i.e., past its peak production age and thus producing less FFB.
M&A Securities Sdn Bhd is the adviser, sponsor and underwriter for the IPO exercise.
Author:kltrader | Publish date: Wed, 14 Dec 2016, 08:57 PM
Listing Sought: Main Market
Issue Price: RM0.54
Par Value: RM 0.10
Offer Period Open: 13 Dec 2016
Offer Period Close: 19 Dec 2016
Tentative listing date: 29 Dec 2016
Number of shares:
Public Issue: 40,000,000
Offer for Sale: 92,000,000
Private Placement: 103,000,000
Stock Code: FPGROUP
(A) PUBLIC ISSUE OF 40,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN FOUNDPAC GROUP BERHAD (SHARES) COMPRISING:-
(I) 18,500,000 NEW SHARES AVAILABLE FOR THE MALAYSIAN PUBLIC;
(II) 10,500,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND BUSINESS ASSOCIATES (INCLUDING ANY OTHER PERSONS WHO HAVE CONTRIBUTED TO OUR SUCCESS); AND
(III) 11,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS;
AND (B) OFFER FOR SALE OF 92,000,000 SHARES IN THE FOLLOWING MANNER:-
(I) 55,000,000 SHARES BY WAY OF PLACEMENT TO IDENTIFIED INVESTORS; AND
(II) 37,000,000 SHARES BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY
AT AN ISSUE/OFFER PRICE OF RM0.54 PER SHARE PAYABLE IN FULL ON APPLICATION IN CONJUNCTION WITH THE LISTING OF FOUNDPAC GROUP BERHAD ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.
FoundPac Group Berhad designs, develops, manufactures, markets, and sells precision engineering parts for semiconductor manufacturers, outsourced semiconductor test and assembly companies, printed circuit board design houses, fabless semiconductor companies, and other channel partners. Its precision engineering parts include final test and probe card stiffeners, IC and module test sockets, hand lids, and related accessories that are used to facilitate the testing of ICs. The company sells its products under its FoundPac brand, as well as under third party brands in Malaysia, other Asia countries, the United States, and Europe. FoundPac Group Berhad was incorporated in 2015 and is headquartered in Bayan Lepas, Malaysia.
Address & Contact:
Plot 35, Hilir Sungai Keluang 2,
Bayan Lepas Non-Free Industrial Zone Phase IV,
11900 Bayan Lepas, Penang, Malaysia