Highlights

IPO Malaysia

Author: kltrader   |   Latest post: Wed, 28 Jun 2017, 05:37 PM

 

IPO - Advancecon Holdings Berhad (ADVCON)

Author: kltrader   |  Publish date: Wed, 28 Jun 2017, 05:37 PM


 

Listing Detail:
Listing Sought: Main Market
Issue Price: RM 0.63

Dates:
Offer Period Open: 19 Jun 2017
Offer Period Close: 28 Jun 2017
Tentative listing date: 10 Jul 2017

Number of shares:
Public Issue: 90,000,000
Offer for Sale: 33,000,000
Private Placement: 88,000,000
 

Stock Code: ADVCON

Official Announcement

INITIAL PUBLIC OFFERING ("IPO") OF 123,000,000 ORDINARY SHARES IN ADVANCECON HOLDINGS BERHAD ("ADVANCECON") ("SHARES") IN CONJUNCTION WITH THE LISTING OF ADVANCECON ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD, COMPRISING:

I. A PUBLIC ISSUE OF 90,000,000 NEW SHARES ("ISSUE SHARES") ALLOCATED IN THE FOLLOWING MANNER:

  • 30,000,000 ISSUE SHARES FOR APPLICATION BY THE MALAYSIAN PUBLIC;
  • 5,000,000 ISSUE SHARES FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;
  • 37,000,000 ISSUE SHARES FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND IDENTIFIED INVESTORS; AND
  • 18,000,000 ISSUE SHARES FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY OF MALAYSIA ("MITI"); AND

II. AN OFFER FOR SALE OF 33,000,000 EXISTING SHARES ("OFFER SHARES") FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MITI

AT AN IPO PRICE OF RM0.63 PER ISSUE SHARE/ OFFER SHARE, PAYABLE IN FULL UPON APPLICATION.

 

Company Overview

Advancecon Holdings Berhad, through its subsidiaries, operates as a construction company in Malaysia. It undertakes civil engineering and infrastructure works, such as building works, road and pavement construction, bridge and jetty construction, pilling works, soil investigation, sewerage system, general civil engineering works, tower structures, rock blasting works, pre-cast concrete installation works, earthworks, and water retaining structures. The company is also involved in the sale of construction materials and hiring of machinery, as well as ad hoc general construction/daywork activities; and provision of other construction support services. Advancecon Holdings Berhad is based in Petaling Jaya, Malaysia.

Address & Contact:

16 & 18, Jalan Pekaka 8/3,
Seksyen 8 Kota Damansara
Petaling Jaya, 47810 Malaysia

Phone: +603 6157 9563
Fax: +603 6157 0469
Website: http://www.advancecon.com.my/

 

News: Advancecon listing to raise RM56.7mil

KUALA LUMPUR: Advancecon Holdings Bhd, which is en route to a listing on the Main Market of Bursa Malaysia on July 10, is raising gross proceeds of RM56.7mil from its initial public offering (IPO) price of 63 sen per share.
 
According to its prospectus, the earthworks and civil engineering services specialist, is issuing 90 million new shares or 22.4% of its enlarged issued share capital and paid-up share capital.
 
There will also be an offer for sale of existing shares, where 33 million shares will be allocated for private placement to identified bumiputra investors approved by the International Trade and Industry Ministry.
 
Advancecon has allocated RM29.7mil, or 52.4% of its IPO proceeds as capital expenditure. It has also earmarked RM12.5mil, or 22% for repayment of bank borrowings while RM10.7mil, or 18.9% for working capital.

The remaining RM3.8mil, or 6.7% will go towards estimated listing expenses.
 
The company is expected to have RM253.3mil in market capitalisation based on the IPO price upon listing.
 
For the financial year ended Dec 31, 2016 (FY16), Advancecon posted a net profit of RM26.4mil compared with RM29.9mil in FY15.

Its revenue for the period rose stood at RM234.6mil against RM264.3mil in the previous year.

Group CEO Datuk Phum Ang Kia said: "Our contract wins for the provision of earthworks and civil engineering services for the West Coast Expressway and Pan Borneo Highway solidifies our position as one of the industry players that is able to undertake such large scale projects."

He said that the company is optimistic of its prospects and the raising of funds through the IPO would help prepare its balance sheet for even bigger scale projects.

-- The Star

Labels: ADVCON
  2 people like this.
 

IPO - Lotte Chemical Titan Holding Berhad (LCTITAN)

Author: kltrader   |  Publish date: Sat, 17 Jun 2017, 06:12 PM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 8.00

Dates:
Offer Period Open: 16 Jun 2017
Offer Period Close: 28 Jun 2017
Tentative listing date: 11 Jul 2017

Number of shares:
Public Issue: 740,483,000
 

Stock Code: LCTITAN

Official Announcement

INITIAL PUBLIC OFFERING ("IPO") OF 740,483,000 ORDINARY SHARES IN LOTTE CHEMICAL TITAN HOLDING BERHAD ("LCT") ("SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 2,468,274,500 SHARES ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING A PUBLIC ISSUE OF 740,483,000 NEW SHARES ("IPO SHARES") IN THE FOLLOWING MANNER:

(I) INSTITUTIONAL OFFERING OF 684,700,000 IPO 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 55,783,000 IPO SHARES TO THE DIRECTORS OF LCT, ELIGIBLE EMPLOYEES OF LCT AND ITS SUBSIDIARIES ("LCT GROUP"), PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE LCT GROUP AND THE MALAYSIAN PUBLIC AT THE RETAIL PRICE OF RM8.00 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 THE PROSPECTUS) 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 IN THIS PROSPECTUS).

 

Company Overview

Lotte Chemical Titan Holding Berhad produces and exports a portfolio of olefins and polyolefins. It offers high-density polyethylene that is used to manufacture grocery, merchandise and trash bags, food containers for items, such as frozen desserts and margarine, bottle caps and closures, liners for cereal and cracker boxes, plastic drink cups, dairy crates, bread trays, pails, safety equipment, such as hard hats, house wrap for insulation, bottles for household and industrial chemicals, milk bottles, juice bottles, and large tanks for storing liquids, such as agricultural and lawn care chemicals.

The company also provides low-density polyethylene that is used to manufacture food packaging films, plastic bottles for packaging food and personal care items, dry cleaning bags, ice bags, pallet shrink wraps, heavy-duty bags for mulch and potting soil, boil-in-bag bags, coatings on flexible packaging products, and coatings on paper board such as milk cartons.

The company also provides linear low-density polyethylene that is used to manufacture garbage and lawn-leaf bags, industrial can liners, housewares, lids for coffee cans and margarine tubs, dishpans, home plastic storage containers, kitchen trash containers, large toys, such as outdoor gym sets, drip irrigation tubing, protective coatings for telephone wires and films, shrink wraps for multi-packaging canned food, bag-in-box bags, produce bags, and pallet stretch wraps.

In addition, it offers polypropylene; and olefins and derivatives that include ethylene, propylene, butadiene, tert-butyl alcohol, benzene, and toluene. The company was founded in 1989 and is based in Kuala Lumpur, Malaysia with location in Pasir Gudang and Gelugor, Malaysia; Cilegon and Kuningan, Indonesia. As of November 9, 2010, Lotte Chemical Titan Holding Berhad operates as a subsidiary of Lotte Chemical Corporation.

Address & Contact:

6th Floor, Bangunan Malaysian Re No. 17 Lorong Dungun,
Damansara Heights 50490 Kuala Lumpur, Malaysia.

Phone: +603 2093 4222
Fax: +603 2093 5688
Website: http://www.lottechem.my

 

News: Lotte Chemical Titan to Raise RM5.92b From IPO

The initial public offering (IPO) of integrated olefin and polyolefin producer Lotte Chemical Titan Holding Bhd (LCT) is expected to raise gross proceeds of approximately RM5.9bil and achieve a post-listing market capitalisation of RM19.7bil, at the retail price of RM8 per share.

LCT will be the largest IPO in Malaysia since August 2012 and the largest in Southeast Asia since May 2013.

The IPO will see the sale of approximately 740.5 million shares, or 30% of the enlarged issued share capital of LCT.

This comprises an institutional offering of 684.7 million IPO shares and a retail offering of 55.8 million IPO shares, representing 27.7% and 2.3% of the enlarged share capital of LCT, respectively.

Proceeds from the IPO will be utilised over the next 12 to 36 months to finance the company's expansion in Malaysia and Indonesia, with 83.2% of gross proceeds to partially fund the development of an RM15.5bil integrated petrochemical facility in Indonesia to increase its ethylene production by up to 1,000 kilo tonnes per annum (KTA).

Meanwhile, 10.5% of the proceeds will go to the construction of a new polypropylene plant in Johor to increase production by 200KTA, and 3.7% of the proceeds will be used to upgrade the group's existing naphtha cracker to increase the production of ethylene, propylene as well as benzene, toluene, xylene (BTX).

LCT also has a joint venture with Lotte Chemical Corp for the US Shale Gas Project to construct and operate an ethane cracker plant and a monoethylene glycol plant in the US.

LCT products are sold to over 60 countries with Malaysia and Indonesia contributing 39% and 28% of total sales, respectively.

Speaking at the prospectus launch on Friday, LCT president and CEO Lee Dong Woo said LCT has benefitted from the relationship with its parent company Lotte Chemical Corp's operational expertise and industrial know-how.

"Our recent investments in the Tanjung Langsat and Pasir Gudang plants have effectively made LCT one of the Lotte Chemical Corp's largest manufacturing concerns outside of South Korea.

"On the back of steady growing demand in the Southeast Asian region that supports the increase in capacity, LCT is pursuing opportunistic investments to expand and diversify our product portfolio and optimise our existing operations," said Lee.

In addition, the prospectus states that LCT aims to pay dividends in the amount equal to approximately 50% of its consolidated net profits of every fiscal year.

In Malaysia, LCT's operating profits jumped from a mere RM58mil in 2014 to RM1.7bil on the back of a revenue of RM8.1b for the financial year ended December 31, 2016.

En route to listing on Bursa Securities on July 11, 2017, LCT has secured five cornerstone investors, namely Permodalan Nasional Bhd, Maybank Asset Management Sdn Bhd, Maybank Islamic Asset Management Sdn Bhd, Eastspring Investments Bhd and Great Eastern Life Assurance (Malaysia) Bhd, who have agreed to severally acquire an aggregate of 136 million IPO shares, representing 18.4% of the base offering of the IPO.

Maybank Investment Bank Bhd is the principal adviser, joint global coordinator, joint bookrunner, managing underwriter and joint underwriter for the listing exercise.
-- The Star

 

Labels: LCTITAN
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linges 8.00 to 6.50...this is ridiculous..

If investor happily subscribes at 8.00...they may got 1.50 atas angin..

Wondering cornerstones agreed for 8.00 at first place..
30/06/2017 20:53
limch Better have statistics how many gain from high price IPO(above RM 1?) past 5 years. Is it more gainers or losers? Many fearful insiders con job. Say good during IPO but can turn after 1-2 years.
30/06/2017 20:58
8wpwtmt8 There is no official announcement yet from Lotte Chemical Titan Holding Bhd in Bursa Malaysia Website. If true, MIH should refund our application money immediately (by Tuesday 4 July 2017) for us to reapply at RM6.50 before a new closing date.
30/06/2017 21:02
MrPauper i don't think there will be immediate refund
30/06/2017 21:29
8wpwtmt8 Never mind. I will call MIH Monday morning to find out the latest development and the procedure they will carry out shall there be a relaunch at RM6.50.
30/06/2017 22:31
8wpwtmt8 I think it is better to change the issue price from RM8 to RM6.50. The image of LCTITAN has already been tarnished by this issue.
01/07/2017 20:43
smartly 8 is too pricey !!!
no one want to apply
01/07/2017 21:52
smartly 6.50 more reasonable. this will attract more applicants
01/07/2017 21:53
smartly 6.50 will change appetite from under subscribed to over subscribe
01/07/2017 21:54
smartly 6.50 is around PE of 12sen. look reasonable
01/07/2017 22:05
xiaoxiami Any update ? Is it all speculation ?
03/07/2017 12:19
8wpwtmt8 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5475477

Latest: 3 July 2017 12:30 pm
03/07/2017 13:38
8wpwtmt8 Malaysian Issuing House Sdn Bhd ("MIH") wishes to announce that following the completion of the bookbuilding process under the Institutional Offering by LCT, the institutional price has been fixed at RM6.50 per IPO Share. Accordingly, the final retail price for the IPO Shares under the Retail Offering has also been fixed at RM6.50 per IPO Share ("Final Retail Price"). As the Final Retail Price of RM6.50 per IPO Share is less than the Retail Price of RM8.00 per IPO Share which was paid in full upon application under the Retail Offering, a refund of the difference being RM1.50 per IPO Share shall be made to successful retail applicants, without any interest thereon.

A total of 7,386 applications were received for 32,023,700 IPO Shares under the Retail Offering for Malaysian Public. In addition, the unsubscribed shares under the Retail Offering of 21,267,800 IPO Shares, which were underwritten by the Joint Underwritters, were clawed back and reallocated to the Institutional Offering as set out in the Prospectus of LCT.

All Notices of Allotment for the IPO Shares will be mailed to successful applicants on or before 10 July 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5476669

Dated 4 July 2017 12:30 pm
04/07/2017 14:26
omightycap Investors that followed us for the subscription. This is a note of advice from us.

https://omightycap.wordpress.com/2017/07/06/follow-up-on-lotte-chemical-titan-ipo/
06/07/2017 13:44
peng01 If day 1 drop a lot, and u still wan to invest in this counter,
buy back same qty at lower price.
then send back the form for sell back to lotte at rm6.50
And now ur lotte ipo price is lower than all institutional investor !

but i think if day 1 drop,. all retail will mail the RM6.50 form
06/07/2017 17:24
Superbjet I applied thru CIMB e-IPO. Today i received a refund from them (RM1.50/share) without signing any form
06/07/2017 17:52
sogeking Same here. I already get the refund. No form also
06/07/2017 18:35
riaz R.I.P
09/07/2017 17:27
Apollo Ang why R.I.P? no reason? or u no money invest jealous?
09/07/2017 17:38
Alex Foo when open ah? mon or tue?
09/07/2017 17:44
Edonald monday
09/07/2017 18:09
Apollo Ang Monday is advancon lah tues is lotte,dunno also chin chai post
09/07/2017 18:12
LearnFromMistake If all ppl ask refund, 2nd day jump up to rm9, how? Can cancel the refund?
09/07/2017 18:16
smartly sure above RM7 opening bell...
09/07/2017 18:25
smartly i think at least RM8 above to be reasonable...
09/07/2017 18:26
Apollo Ang dreaming ar RM 9? If RM 8.00,i straight away take the ballot form and vote for BN....hahaha
09/07/2017 18:27
xuewenapeng see this stock at 5.50 soon
09/07/2017 20:25
xuewenapeng BN no !money Liao better run from stocks market
09/07/2017 20:26
xuewenapeng or you can vote for PAKATAN RAKYAT IN the GE14
09/07/2017 20:26
chkhooju Be realistic!
09/07/2017 22:26
Apollo Ang RM 5.50? can u sell for me at RM6.00? what a sorchai....hahaha
09/07/2017 22:35
Apollo Ang https://www.nst.com.my/business/2017/07/255490/lotte-fair-value-rm772
10/07/2017 00:31
Apollo Ang https://www.nst.com.my/business/2017/07/255490/lotte-fair-value-rm772
10/07/2017 00:35
ruslimz Already in CDS........ready to ramboooooo tomorrow.......
10/07/2017 07:42
Apollo Ang public invest TP for advcon is only 78.5cts now 81.5cts, public invest TP for LOTTE is RM 7.72,hopefully RM7.80
10/07/2017 09:45
smartly RM8 lai liao.... :)
10/07/2017 09:52
Malaycake How come mine is not in CDS yet?
10/07/2017 09:59
Apollo Ang yours not in cds from kenanga?
10/07/2017 10:12
ruslimz RM1.00 = RM100,000.......
10/07/2017 10:40
Malaycake public b
10/07/2017 12:27
Malaycake I did a mistake I think I use a nominee account to apply for Lotte IPO in Maybank2u. I don't think it is ok now. Any advice?
10/07/2017 14:40
Apollo Ang ask ur remisier the stock have been credited to your a/c? cos my one all in already
10/07/2017 14:49
8wpwtmt8 I have just received the letter of allotment from MIH via City Link and all the shares are credited into my CDS account already. Hope for the best tomorrow.
10/07/2017 15:25
emfresh korean fund coming in this week, dont sell below 7.00 is a stupid decision. PE 15X
10/07/2017 19:03
emfresh @xuewenapeng 5.50?? you might consider lotte pepero 50% discount at 11street.

http://www.11street.my/totalsearch/TotalSearchAction/searchTotal.do?kwd=lotte+pepero&gclid=CNnIx4_J_tQCFdUajwoduZUAlA&gclsrc=aw.ds&dclid=CK_j1o_J_tQCFc6UvAodDjgFGg
10/07/2017 19:06
emfresh @xuewenapeng [Lotte] Pepero Coconut Chocolate 32g selling at rm5.40 only after discount.
10/07/2017 19:06
apolloang just receive my money back from the share buyback
28/07/2017 12:30
TheContrarian apolloang, don't spend the money yet.
29/07/2017 23:36
Zainul Sidek Ouchhhhh
31/07/2017 22:53
01/08/2017 14:34

IPO - Inta Bina Group Berhad (INTA)

Author: kltrader   |  Publish date: Fri, 5 May 2017, 07:02 PM


Listing Detail:
Listing Sought: Ace Market
Issue Price: RM 0.25

Dates:
Offer Period Open: 05 May 2017
Offer Period Close: 15 May 2017
Tentative listing date: 25 May 2017

Number of shares:
Public Issue: 107,051,800
Offer for Sale: 26,763,000
Private Placement: 87,038,800

Stock Code: INTA

Official Announcement

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

(I) PUBLIC ISSUE OF 107,051,800 NEW ORDINARY SHARES IN OUR COMPANY ("SHARES") IN THE FOLLOWING MANNER:

- 26,763,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

- 20,013,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND BUSINESS ASSOCIATES/PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;

- 53,526,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND

- 6,749,800 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AND

(II) OFFER FOR SALE OF 26,763,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AT AN ISSUE/OFFER PRICE OF RM0.25 PER SHARE,

PAYABLE IN FULL UPON APPLICATION.

Company Overview

Inta Bina Group is a building contractor with more than 25 years of operating history in the construction industry in Malaysia. The company's line of business includes providing professional engineering services.

Inta Bina Group have completed more than 110 building construction projects with a total contract value of more than RM2 Billion, mainly in the Klang Valley and Johor. The company is capable of building various types of buildings including residential, commercial, industrial and leisure properties. The Group typically acts as the main contractor for our building construction projects.

 
Address & Contact:

Phone: +603 56379093
Fax: +603 56318596
Website: http://intabina.com/

 

News: Inta Bina to raise RM27m from IPO

KUALA LUMPUR: Construction firm Inta Bina Group Bhd, slated to list on the ACE market on May 25, aims to raise RM26.76 million from its initial public offering.

Managing Director Paul Lim said the company would use RM5 million of the proceeds to invest in the Industrialised Building System (IBS) and machinery, RM9 million to repay bank borrowings, RM9.56 million for general capital requirements, and the balance RM3.2 million to defray listing expenses.  

He said the group planned to enter the affordable housing segment through the usage of aluminium system formwork under the IBS.

"We believe that the usage of aluminium system formwork is best suited for affordable housing projects and will improve our cost competitiveness in the long run as it will reduce project labour cost and shorten the construction period," he after the launch of the group's prospectus in Kuala Lumpur on Friday. - Bernama
 

Labels: INTA
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Mingleeqi Couldn't see this IPO via M2U, why?
06/05/2017 12:19
Emir42 Yeah, already open for public. But why not in maybank2u?
06/05/2017 13:10
IVAN2222 HI EVERYONE!!!! WHY I COULDNT SUBSCRIBE THIS IPO IN MAYBANK ATM/ MAYBANK2U?
06/05/2017 20:55
IVAN2222 IS THAT BECAUSE OF MAYBANK HAVENT UPDATE YET?
06/05/2017 20:56
IVAN2222 ANYONE CAN LET ME KNOW WHY? TAHNK YOU IN ADVANCE
06/05/2017 20:56
IVAN2222 HI EVERYONE!!!! WHY I COULDNT SUBSCRIBE THIS IPO IN MAYBANK ATM/ MAYBANK2U?
07/05/2017 10:42
IVAN2222 HI EVERYONE!!!! WHY I COULDNT SUBSCRIBE THIS IPO IN MAYBANK ATM/ MAYBANK2U?
07/05/2017 10:43
Lee Rubber This IPO is now available on M2U.
08/05/2017 11:03
Lee Rubber What are the prospects?
Can anybody give some expert advice?
TQ kindly....
08/05/2017 11:04
Mingleeqi http://lchipo.blogspot.my/
08/05/2017 15:55
Adm Keong Buy - Buy . Then flying high.....
11/05/2017 13:13
franzie looks like its debt to equity ratio is quite substantial.. will it fly on the 1st day?
11/05/2017 18:41
nikicheong As Graham cautioned us long ago, steer clear of IPOs.
11/05/2017 22:17
Toto2009 How to check if we got the IPO offer?
22/05/2017 11:21

IPO - Cabnet Holdings Berhad (CABNET)

Author: kltrader   |  Publish date: Wed, 3 May 2017, 04:28 PM


Listing Detail:
Listing Sought: Ace Market
Issue Price: RM0.56

Dates:
Offer Period Open: 28 Apr 2017
Offer Period Close: 08 May 2017
Tentative listing date: 22 May 2017

Number of shares:
Public Issue: 11,000,000
Offer for Sale: -
Private Placement: 10,000,000

Stock Code: CABNET

 

Official Announcement

PUBLIC ISSUE OF 21,000,000 NEW ORDINARY SHARES IN CABNET HOLDINGS BERHAD ("CABNET SHARES") AT AN ISSUE PRICE OF RM0.56 PER SHARE PAYABLE IN FULL ON APPLICATION COMPRISING:

  • 7,000,000 CABNET SHARES FOR APPLICATION BY THE MALAYSIAN PUBLIC;
  • 10,000,000 CABNET SHARES FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS; AND
  • 4,000,000 CABNET SHARES FOR APPLICATION BY THE ELIGIBLE DIRECTORS, KEY MANAGEMENT PERSONNEL AND EMPLOYEES OF CABNET HOLDINGS BERHAD AND ITS SUBSIDIARY COMPANIES ("GROUP") AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE GROUP;

IN CONJUNCTION WITH THE LISTING OF CABNET HOLDINGS BERHAD ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

 

Company Overview

CabNet Group is principally involved in the provision of building management solutions, where the core business segments comprise structured cabling works and ELV systems for building and other facilities. CabNet also provides IT services as complementary services to building management solutions or offered separately on a standalone basis as an additional product offering.

 
Address & Contact:

No. 100, Jalan Ros Merah 2/17, Taman Johor Jaya
81100 Johor Bahru, Johor, Malaysia.

Phone: +607 3539008
Fax: +607 3530146
Website: http://www.cabnet.asia/

 

Labels: CABNET
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sl3ge Hello, no comment here?
21/05/2017 14:23

IPO - Eversafe Rubber Berhad (ESAFE)

Author: kltrader   |  Publish date: Fri, 31 Mar 2017, 11:17 PM


Listing Detail:
Listing Sought: Ace Market
Issue Price: RM 0.36

Dates:
Offer Period Open: 31 Mar 2017
Offer Period Close: 10 Apr 2017
Tentative listing date: 21 Apr 2017

Number of shares:
Public Issue: 48,000,000
Offer for Sale: 30,000,000
Private Placement: 54,000,000

Stock Code: ESAFE

Official Announcement

INITIAL PUBLIC OFFERING OF UP TO 78,000,000 ORDINARY SHARES IN EVERSAFE RUBBER BERHAD ("EVERSAFE RUBBER") ("SHARES") COMPRISING:-

(A) PUBLIC ISSUE OF 48,000,000 NEW SHARES ("ISSUE SHARES") COMPRISING:-

(I) 12,500,000 ISSUE SHARES TO THE MALAYSIAN PUBLIC;

(II) 11,500,000 ISSUE SHARES TO THE DIRECTORS OF EVERSAFE RUBBER, ELIGIBLE EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF EVERSAFE RUBBER AND ITS SUBSIDIARIES;

(III) 24,000,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS; AND

(B) OFFER FOR SALE OF UP TO 30,000,000 EXISTING SHARES ("OFFER SHARES") COMPRISING:-

(I) UP TO 6,000,000 OFFER SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS;

(II) UP TO 24,000,000 OFFER SHARES BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY OF MALAYSIA;

AT AN ISSUE / OFFER PRICE OF RM0.36 PER SHARE PAYABLE IN FULL ON APPLICATION PURSUANT TO THE LISTING OF EVERSAFE RUBBER ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

Company Overview

Eversafe Rubber Berhad, an investment holding company, develops, manufactures, and distributes tire retreading materials to tire retreaders and rubber material traders in Malaysia. The company offers precured tread liners, cushion gums, repair ropes, camelbacks, sidewall veneers, and orbit read strips, as well as retreading tools. It is also involved in tire retreading operations and provision of products and services to fleet operators and tire retailers.
 
In addition, Eversafe Rubber Berhad imports, exports, and distributes rubber-based products, equipment, and related accessories. The company exports its products to 28 countries in Asia Pacific, Europe, the United States, and South America. Eversafe Rubber Berhad was founded in 1967 and is headquartered in Ipoh, Malaysia.
 
Address & Contact:

Lot 93, Portland Avenue, Tasek Industrial Estate,
31400 Ipoh, Perak, Malaysia

Phone: +605 291 0599 / 7535
Fax: +605 291 1699 / 0679
Website: http://www.eversafe.com.my/

 

News: Eversafe Rubber to raise RM17m from IPO

KUALA LUMPUR: Eversafe Rubber Bhd plans to raise RM17.28mil as it seeks to listing on the ACE Market of Bursa Malaysia Securities.

The rubber products maker said in its prospectus on Friday it would be selling 48 million news shares at 36 sen each.

This would comprise of 12.50 million new shares to public; 11.50 million shares to the directors while 24 million shares would be placed out to institutional and selected investors.

The shareholders of Eversafe Rubber would also offer for sale up to 30 million exisiting shares, of which six million units would be placed out to institutional  and selected investors and up to 24 million shares to be approved Bumiputera investors.

The close date for application is April 10 while the tentative date for its listing is April 21.

Eversafe Rubber's core businesses include manufacturing and ditribution of tyre retreading materials.

It posted earnings of RM566,143 in the fourth quarter ended Dec 31, 2016 on the back of a revenue of RM19.67mil.

In the financial year ended Dec 31, 2016, it posted earnings of RM8.01mil, an increase of 38% from the RM5.80mil in FY15. Its revenue was slightly lower at RM74.74mil in FY16 compared with RM74.78mil.
-- The Star

Labels: ESAFE
  ohy2012 likes this.
 
john is this counter good?
01/04/2017 22:55
jayalbert New IPO, EWINT is a better bet..
01/04/2017 23:18
suregain Ewint beter bet? Beter u think twice.. Ecoworld px oso stagnant
01/04/2017 23:20
Er Boon Chai I agree with jayalbert. EWINT is a better bet, I believe their management team.
01/04/2017 23:25
cicaque hmmm
02/04/2017 09:51
ryong92 Ewint is a good bet. Let's see what will happen Tmr. I'm more excited on the warrant.
02/04/2017 13:10
Josephtc Don't think Eversafe is a good counter, tyre retreading is a sunset industry
02/04/2017 21:36
john pls dont buy this stock.. haha
02/04/2017 22:02
atubobo hello what will be the listed price for ewint warrant?
02/04/2017 23:26
john lol.. they have their blog for u to read..
02/04/2017 23:28
john go search it.. :P
02/04/2017 23:28
zzas EWINT good but price overvalue.Esafe is a safer bet."tyre retreating is a sunset industry"?..really?..look at how much is the cost of tyre now. Company opt to retreat tyre for cost saving...i mean huge cost saving.
02/04/2017 23:29
john dont promote more. so that so ppl only buy it.
02/04/2017 23:59
john less ppl*
03/04/2017 00:00
Josephtc Eversafe is trying their luck in the ACE market as there are many tyre retread companies in Malaysia like Kit Loong Tyre, Nam Bee, Sunrich tyre, Bridgestone Bandag tyre retreads and many other backyard retreads. What about tyre retreads from China? The IPO price is mere RM0.36, a tough industry and investors need to be more prudent. When I say sunset industry, is there is not much potential for growth as there are already many big players in the market.
05/04/2017 14:48
omightycap You can see our post on Eversafe here
https://omightycap.wordpress.com/2017/04/07/ipo-eversafe-rubber/

We recommend to buy with good valuations but sort of dislike the industry...
07/04/2017 15:34
sl3ge Any Tp from investment banks?
08/04/2017 12:43
Josephtc http://www.freemalaysiatoday.com/category/nation/2017/04/08/using-retread-tyres-poses-danger-to-road-users/
08/04/2017 19:10
bgt9963 The company reminds me of Autoways berhad....
08/04/2017 20:55
sl3ge @bgt9963 what story behind autoways berhad?
09/04/2017 11:20
bgt9963 Goreng and then disappeared from klse...
09/04/2017 12:20
Farmer95 bgt9963 thanks for sharing
12/04/2017 18:39
stockmanmy highest probability outcome.

bgt9963 Goreng and then disappeared from klse...
15/04/2017 07:08
speakup http://www.thestar.com.my/news/nation/2017/04/17/danger-of-retreaded-tyres-call-for-clampdown-on-shady-retreaders-to-curb-accidents/

govt clampdown on retreaders. Eversafe is not safe, look like going to LIMIT DOWN ON IPO DAY!!!!
17/04/2017 10:02
DamierCobalt Not bad on 1st day
21/04/2017 14:45

IPO - Eco World International Berhad (EWINT)

Author: kltrader   |  Publish date: Fri, 10 Mar 2017, 11:33 AM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.20

Dates:
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

Official Announcement

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.

 

Company Overview

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

Phone: +603 2287 2255
Fax: +603 2287 5255
Website: http://ecoworld.my/

 

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.
 

Labels: EWINT
  Be the first to like this.
 
sctan from 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.
12/03/2017 08:43
Kay Looks interesting
15/03/2017 11:33
Loy88 anyone bought this IPO? whats ur opinion on this? how brexit will impact on this share?
15/03/2017 11:36
15/03/2017 18:40
Junkuan Buy
17/03/2017 22:45
azdrichwork2002 Can try
18/03/2017 20:58
walaoehkaki buy buy buy
19/03/2017 01:38
JediMaster Balloting is today...hope for the best
22/03/2017 14:07
Desmond Loh When can we know the balloting result??
22/03/2017 22:25
Loy88 4th in bursa..nornally 1 day before
22/03/2017 23:16
Pipspiper I think I got the IPO. Am planning to buy 2 more lots to get the 2 free warrants.
24/03/2017 19:36
Ray Mond how to know we get the IPO?
25/03/2017 12:36
Adlina Aish Oredy successful 2 lots.... ☺☺☺
25/03/2017 15:31
keepeng When will they inform us if successful in getting EWI shares ?
25/03/2017 16:17
MissElizaClarke what is the open price ? guess ? Hmmmmm
26/03/2017 10:31
mybo U can check the status via maybank2u.. if refunded already received the payment
26/03/2017 10:37
Adlina Aish If apply thru on9, can check the status thru online banking. If apply thru manual Bankers chq, u can check the status with bank either paid or not
26/03/2017 21:24
kllady_fidah 1.40 immediate target ....
01/04/2017 18:47
Valueseeker This will impact on property stocks
01/04/2017 22:58
suregain Ewint shares merata rata tempat.. In d end like malakoff
01/04/2017 23:34
jayalbert Monday morning will sailang..
01/04/2017 23:39
keepeng I got 10k ahares n 4K warrants
02/04/2017 00:12
Joyce MY How do we know if we successfully bought? I applied it thru blue form banker cheque. I suppose the money already deducted when we apply the cheque. Then no share is deposit into my cds account too.
03/04/2017 00:05
john then u should get refund.
03/04/2017 00:39
Yee Siang Tan i dint buy EWINT but suddenly there are free unit popup in my hleborking account. what happened?
10/05/2017 01:43
hewusana Wow wrong..
13/05/2017 11:03


 

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