Highlights

IPO Malaysia

Author: kltrader   |   Latest post: Wed, 7 Dec 2016, 03:18 PM

 

IPO - Rhone Ma Holdings Berhad (RHONEMA)

Author: kltrader   |  Publish date: Wed, 7 Dec 2016, 03:18 PM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 0.75
Par Value: RM 0.50

Dates:
Offer Period Open: 29 Nov 2016
Offer Period Close: 06 Dec 2016
Tentative listing date: 19 Dec 2016

Number of shares:
Public Issue: 42,122,000
Offer for Sale: -
Private Placement: 26,000,000

Stock Code: RHONEMA

Official Announcement

PUBLIC ISSUE OF 42,122,000 NEW ORDINARY SHARES OF RM0.50 EACH IN RHONE MA HOLDINGS BERHAD ("SHARES") AT AN ISSUE PRICE OF RM0.75 PER SHARE PAYABLE IN FULL UPON APPLICATION COMPRISING:

(I) 8,300,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

(II) 7,822,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF OUR COMPANY AND OUR SUBSIDIARIES ("GROUP") AND OTHER PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;

(III) 16,600,000 NEW SHARES AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY, MALAYSIA; AND

(IV) 9,400,000 NEW SHARES AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS,

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

Company Overview

Rhone Ma Holdings Berhad, an investment holding company, engages in the manufacture, trading, marketing, and distribution of animal health products primarily in Malaysia. Its products include vaccines, pharmaceuticals, and feed additives. The company also provides diagnostic laboratory analyses and consultation services to the veterinary, agriculture, and food industries. In addition, it distributes and supplies food ingredients, such as starch sweeteners, bulking agents and others. Rhone Ma Holdings Berhad was incorporated in 2014 and is based in Petaling Jaya, Malaysia.
 
Address & Contact:

Lot 18A & 18B, Jalan 241 Seksyen 51A
Petaling Jaya, 46100 Malaysia

Phone: +603 7873 7355
Fax: +603 7873 7355
Website: http://www.rhonema.com/

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nazmanz TP
TA Sec = 1.05
JF Apex = 1.00
07/12/2016 15:30
Mohd Fahmi Bin Jaes Rhone Ma's offer of new shares to public oversubscribed

by joseph chin


KUALA LUMPUR: Rhone Ma Holdings Bhd's public offer of 8.30 million news shares at an offer price of 75 sen each was oversubscribed by 22.46 times.

Tricor Investor & Issuing House Services Sdn Bhd said on Thursday there were 6,784 applications for 194.749 million new shares with a value of RM146.06mil from the Malaysian public.

For the Bumpiputera portion, there were 3,532 applications for 79.047 million new shares, or an oversubscription rate of 18.05 times.

For the other Malaysian public portion, there were 3,252 applications for 115.70 million new shares, or an oversubscription rate of 26.88 times.

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08/12/2016 18:00

IPO - BCM Alliance Berhad (BCMALL)

Author: kltrader   |  Publish date: Tue, 20 Sep 2016, 09:57 AM


Listing Detail:
Listing Sought: ACE Market
Issue Price: RM0.19
Par Value: RM 0.05

Dates:
Offer Period Open: 28 Sep 2016
Offer Period Close: 10 Oct 2016
Tentative listing date: 24 Oct 2016

Number of shares:
Public Issue: 84,250,000
Offer for Sale: 42,125,000
Private Placement: 53,250,000

Stock Code: BCMALL

Official Announcement

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

(I) PUBLIC ISSUE OF 84,250,000 NEW ORDINARY SHARES OF RM0.05 EACH IN OUR COMPANY (SHARES) ALLOCATED IN THE FOLLOWING MANNER:-

(A) 22,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

(B) 9,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND

(C) 53,250,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND

(II) OFFER FOR SALE OF 42,125,000 SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS,

AT AN ISSUE/OFFER PRICE OF RM0.19 PER SHARE, PAYABLE IN FULL UPON APPLICATION

Company Overview

BCM Alliance Berhad, an investment holding company, distributes equipment in the commercial laundry equipment and medical devices industries in Malaysia. It engages in the supply, installation, testing, and commissioning of vended commercial laundry equipment, such as washers, tumble dryers, and coin changer, as well as on-premise commercial laundry equipment comprising washer extractor, continuous batch washer, batch dryer, tumble dryer, feeder, dry cleaning machine, flatwork ironer, folder, spotting table, industrial presses machine, ironing table, and chemical dispensing system. The company also distributes medical imaging equipment, as well as disinfection, sterilization, and surgical room equipment and related spare parts, accessories, and consumables of medical devices, such as MRI system, CT scanner, digital radiography system, X-ray system, various types of sterilizers, medical printing system, and washers/disinfectors. BCM Alliance Berhad was founded in 1978 and is headquartered in Kuala Lumpur, Malaysia.
 
Address & Contact:

No. 13-12, Jalan 13/155B
Aked Espalanad Bukit Jalil
Kuala Lumpur, 57000 Malaysia

Phone: +603 8993 9139
Fax: +603 8993 9039
Website: www.bcmalliance.com.my

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IPO - Perak Transit Berhad (PTRANS)

Author: kltrader   |  Publish date: Fri, 16 Sep 2016, 08:31 AM


Listing Detail:
Listing Sought: ACE Market
Issue Price: RM0.15
Par Value: RM 0.10

Dates:
Offer Period Open: 15 Sep 2016
Offer Period Close: 23 Sep 2016
Tentative listing date: 06 Oct 2016

Number of shares:
Public Issue: 58,000,000
Offer for Sale: -
Private Placement: 187,000,000

Stock Code: PTRANS

Official Announcement

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING PUBLIC ISSUE OF 245,000,000 ORDINARY SHARES OF RM0.10 EACH IN PERAK TRANSIT BERHAD ("PERAK TRANSIT SHARES") IN THE FOLLOWING MANNER:

(I) 58,000,000 NEW PERAK TRANSIT SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; AND

(II) 187,000,000 NEW PERAK TRANSIT SHARES AVAILABLE FOR PRIVATE PLACEMENT TO SELECTED INVESTORS;

AT AN ISSUE PRICE OF RM0.15 PER SHARE, PAYABLE IN FULL ON APPLICATION.

Company Overview

Perak Transit Berhad provides public bus transportation services in Malaysia. It primarily operates Terminal AmanJaya, an integrated public transportation terminal in Ipoh, Perak. It also operates petrol stations in Ipoh, Lahat, and Kuala Kangsar, Perak; and provides management services for bus operations and human resource management services. The company was founded in 2006 and is based in Ipoh, Malaysia.
 
Address & Contact:

No 1, Persiaran Meru Raya 5,
Meru Raya, 30020 Ipoh, Perak, Malaysia

Phone: +605 526 7718
Fax: +605 545 5310
Website: http://www.peraktransit.com.my/
 

Perak Transit prepares for listing

Perak Transit Bhd, an Ipoh-based bus company, is raising RM10mil from the public through a new crowd funding platform, even as the company prepares for a listing on Bursa Malaysia later this year.

Managing director Datuk Seri Cheong Kong Fitt said the money raised would be used to purchase more land, provide downpayment for new buses, as well as upgrade the Aman Jaya Terminal.

“We also plan to build a new bus terminal in Kampar. We aim to be listed on the ACE Market on Bursa Malaysia this year, so we are now trying to get the working capital needed,” he said.

He was speaking to reporters after the listing of Perak Transit on the investment account platform (IAP) on Tuesday.

The IAP is a centralised multi-bank platform that enables investors to directly finance ventures of their choice according to their risk-return preferences.

Bank Muamalat Malaysia Bhd is the sponsor for the Perak Transit’s listing on the IAP.

The RM10mil term financing facility for three years is expected to generate a return of 6.5% a year to investors.

The yield, according to Bank Muamalat chief executive officer Datuk Mohd Redza Shah Abdul Wahid, is “a very attractive proposition.”

“We have also set the minimum investment at RM10,000 to encourage all types of investors, especially retail ones, to invest,” he said at the event.

The bank is also fully underwriting the facility and will take up any shortfall not subscribed by investors.

“RAM Ratings will evaluate and provide an independent rating on the company,” Redza said.

Perak Transit is the first venture to be listed on IAP.

-- The Star

Labels: PTRANS
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steel88 KTB(other listed bus company serve M'sia) only 14.5 sen why Perak bus company can do better?
18/09/2016 18:27
paperplane2016 This stock for stupid who wanna give money to politicians?
19/09/2016 00:38
ipohunter Their main profit source is terminal operations. And their terminal operations have very high margins as well. I don't get why you all so focused on their bus operations. And unlike KTB, they have multiple revenue streams.
20/09/2016 10:16
rotsevnimoc kenanga issue ipo note liao.

TP: RM 0.22. 46.7% leh..
20/09/2016 10:31
2016v no more quality ipo?
20/09/2016 10:35
rotsevnimoc http://klse.i3investor.com/blogs/kenangaresearch/104691.jsp
20/09/2016 12:09
eagleeye93 TP: 0.22!
23/09/2016 09:03
ipohunter Public just issued, tp 0.21.. Mercury 0.175. Anyone going in??? Today last day
23/09/2016 10:34
23/09/2016 10:35
Pavillion About 2 year ago few articles wrote on this terminal.....underutilised, white elephant project, isolated terminal, Ipoh people don't like it, proposed another mini bus terminal in ipoh, allowed certain bus like plusliner, Maju etc to pick up and drop passengers at other places, PR govt especially DAP against this terminal...... best to study first....especially expected GE is next year....perhaps after CNY.
23/09/2016 11:37
ipohunter If this is the case, this was 2 years ago. Right now things are very different. If you go there during the holidays, you will see traffic has increased.
23/09/2016 12:00
rotsevnimoc Hah?!? 2 yr ago story u wn to bring up nw?? The terminal now quite sibuk loh. Got much ppl. Go ownself den see yourslf.
23/09/2016 12:25
Tw Tw Just applied!
23/09/2016 12:27
damiantreez TP 0.22! wow
23/09/2016 16:23
29/09/2016 21:46
Mohd Fahmi Bin Jaes Perak Transit IPO oversubscribed nearly 20 times
By Gho Chee Yuan / The Edge Financial Daily | September 28, 2016 : 10:07 AM MYT
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This article first appeared in The Edge Financial Daily, on September 28, 2016.


KUALA LUMPUR: Perak Transit Bhd, which plans to list its shares on Bursa Malaysia’s ACE Market on Oct 6, saw its initial public offering (IPO) oversubscribed by 19.83 times.

The public transportation services provider said it received 10,346 applications for 1.21 billion shares, with a value of RM181.22 million, from the public. Fifty-eight million shares were made available for public subscription.

In a statement yesterday, the company said that for the bumiputera portion, 6,306 applications for 663.82 million shares were received, representing an oversubscription rate of 21.89 times.

For the public portion, 4,040 applications for 544.34 million shares were received, representing an oversubscription rate of 17.77 times.

Perak Transit intends to raise RM36.75 million through its IPO, which involves the issuance of 245 million shares, of which 58 million will be offered to the public, and 187 million for selected investors.

About 54.42% of the proceeds will be allocated to partially finance the construction of an integrated bus terminal in Kampar at a cost of RM128.33 million, said the company.

Of the remaining proceeds, 28.52% will be used for working capital purposes, 11.32% to defray listing expenses and 5.74% for the repayment of hire purchase facilities to several financial institutions, it added.
29/09/2016 21:50
04/10/2016 10:55
05/10/2016 15:40
alpha2303 Tp 0.235
06/10/2016 08:42
Mohd Fahmi Bin Jaes open 0.180, tp 0.20
06/10/2016 08:56
Mohd Fahmi Bin Jaes ready listing
06/10/2016 08:59
Contender KTC IPO 0.15 now 0.30 .... good.

So PTrans 0.15 also 0.30 ...
06/10/2016 08:59
Mohd Fahmi Bin Jaes booom 0.180
06/10/2016 09:00
Mohd Fahmi Bin Jaes boooom 0.185 tp 0.185 reach
06/10/2016 09:01
Mohd Fahmi Bin Jaes touch 0.190
06/10/2016 09:02
Mohd Fahmi Bin Jaes 0.190 sold out
06/10/2016 09:06
Mohd Fahmi Bin Jaes booom touch 0.195
06/10/2016 09:07
Contender Flushing out IPO holders .... then will see it move higher
06/10/2016 09:11
06/10/2016 09:14
speakup PE so high still can buy?
06/10/2016 09:15
claris123 well supported by perak govt. Buy
06/10/2016 09:18
claris123 a new theme park will be open near the perak transit bus station. More housing project include Pr1ma housing at that area. Good feng shui. Growth stock.
06/10/2016 09:21
Orga just wait until price stable..
06/10/2016 09:24
speakup buy ptrans coz many ppl nowadays take bus due to high cost of living.
06/10/2016 09:25
speakup Bus will the be #1 mode of transport as more ppl sell their cars and switch to public bus transport. This will increase Ptrans top line and bottom line. Rated BUY for the longer term.
06/10/2016 09:26
tan5995 Many factories and govt offices located at their bus station area. Strategic location. Buy for long-term. Sure untung.
06/10/2016 09:28
Contender A quick glance on the prospectus ... Gerakan President Tan Sri Chang Ko Youn is the Chairman of Ptrans, Bank Muamalat Venture has also stake in this co, MTD as well.
06/10/2016 09:30
jasonor Who would sell their cars to sit in bus? U fetch ur family using bus ar? U go yumcha using bus ar? U go buy sayur using bus?
06/10/2016 09:30
speakup if u shareholder of ptrans, u need to take bus to support your share
06/10/2016 09:33
Contender No one would sell car and take bus la .... switch to new Proton Saga or Persona perhaps.

Transport Hub, Perak has no MRT like Klang Valley so bus is the next best available public transport.
06/10/2016 09:36
Mr_AIS Boom TP 0.20
06/10/2016 16:07
BottomFishKing i heard some idiots said this stock will drop until 0.12 when laucnh..where is those idiots?
06/10/2016 16:10
bleuerouge thanks Ptrans, see ya again very soon
06/10/2016 16:25
Mohd Fahmi Bin Jaes touch 0.205
06/10/2016 16:28
James Ang Buy up only
06/10/2016 16:44
James Ang Believe it
06/10/2016 16:44
James Ang What's the next TP?
06/10/2016 16:57
06/10/2016 16:58
07/10/2016 08:45
Pavillion Careful with Anzo operator.
07/10/2016 09:44

IPO - HSS Engineers Berhad (HSSEB)

Author: kltrader   |  Publish date: Tue, 5 Jul 2016, 03:31 PM


Listing Detail:
Listing Sought: ACE Market
Issue Price: RM0.50
Par Value: RM 0.10

Dates:
Offer Period Open: 29 Jun 2016
Offer Period Close: 22 Jul 2016
Tentative listing date: 10 Aug 2016

Number of shares:
Public Issue: 63,816,200
Offer for Sale: 31,908,100
Private Placement: 39,885,200

Stock Code: HSSEB

Official Announcement

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF HSS ENGINEERS BERHAD ("HEB") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:-

(I) PUBLIC ISSUE OF 63,816,200 NEW ORDINARY SHARES OF RM0.10 EACH IN HEB ("SHARES") ALLOCATED IN THE FOLLOWING MANNER:-

(A) 15,954,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

(B) 7,977,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS, EMPLOYEES AND BUSINESS ASSOCIATES/PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF HEB; AND

(C) 39,885,200 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND

(II) OFFER FOR SALE OF 31,908,100 SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO SELECTED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY,

AT AN ISSUE/OFFER PRICE OF RM0.50 PER SHARE, PAYABLE IN FULL UPON APPLICATION.

Company Overview

HSS Engineers Berhad, an investment holding company, provides engineering and project management services primarily in Malaysia. The company offers engineering services comprising engineering design; and construction supervision services in the areas of quality and safety, work progress, finance, and coordination. It also provides project management and construction management services; and building information modelling services.

The company undertakes railway, highway, airport, infrastructure, ports, townships, petro-chemical, bridges, drainage and irrigation, power plant, water, and town planning and development projects. HSS Engineers Berhad was founded in 2001 and is headquartered in Kuala Lumpur, Malaysia.

Address & Contact:

B1 (1-4), Block B, Plaza Dwitasik
No. 21, Jalan 5/106, Bandar Sri Permaisuri
Kuala Lumpur, 56000 Malaysia

Phone: +603 9173 0355
Fax: +603 9173 0939
Website: www.hssgroup.com.my
 

HSS Engineers aims to raise RM31.91 million from IPO

KUALA LUMPUR: HSS Engineers Bhd, an engineering and project management services provider, aims to raise gross proceeds of RM31.91 million from its initial public offering (IPO).

Executive director Datuk Kunasingam Sittampalam said about 75 per cent of the proceeds would be utilised for the group’s expansion plan into India and future ventures into the provision of support services for the water and power sectors in Malaysia.

He said a further 2.2 per cent (RM708,000) would be allocated for general working capital expenditure and another 12.6 per cent (RM4 million) for the repayment of bank borrowings.

“The balance of 10 per cent of the proceeds (RM3.2 million) will be utilised to defray listing expenses,” he told a press conference after the prospectus launch in conjunction with the company’s listing on the ACE Market of Bursa Malaysia here yesterday.

Under the IPO, the company is making a public issue of 63.82 million new shares at an issue price of 50 sen each.

Out of this, 15.95 million shares will be made available for application by the public, 7.98 million shares to eligible directors, staff and business associates while the remaining 39.88 million shares will be placed out to selected investors.

In addition, the company’s major shareholders is offering 31.9 million shares at 50 sen a share to approved Bumiputera investors.

At that price, the company will have a market capitalisation of RM160 million upon listing, tentatively on August 10.

Commenting on its expansion plan, Kunasingam said the group was looking at acquiring more infrastructure projects in India and West Asia.

“We already have our presence in both regions through our Building Information Model (BIM).

“Upon listing, we are scouting for projects in infrastructure areas,” he said.

He added that the group was looking to tap into India’s infrastructure market as it was one of the fastest growing economies in the world now.

As for West Asia, he said the group was eyeing to venture into Dubai and Qatar as these countries had pockets of opportunities to offer.

“Dubai which will host Expo 2020 will roll out a lot of infrastructure projects, as will Qatar which will be hosting the World Cup in 2022.

“These are the main drivers that will accelerate the infrastructure and we think there are opportunities available for us to participate,” said Kunasingam.

The company’s current orderbook stands at RM365.9 million which will last over the next two to five years.

While remaining focused on its engineering and project management services as well as BIM services, he said the group was gearing up for a proposed venture into a fourth core service which is facility management.

Moving forward, the outlook for the Malaysian engineering and project management services market is expected to remain positive supported by continuing development of various government-led infrastructure projects and sustained economic growth.

“This will continue to create demand and new opportunities for organic growth and long-term development of the group,” said Kunasingam. — Bernama
 

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Hiu Chee Keong Any target price by research houses ?
05/07/2016 22:13
IVAN2222 believe me ...tp
0.7 upon listing
06/07/2016 13:34
IVAN2222 I'm never make anyone disappointed...buy call
06/07/2016 13:35
IVAN2222 hss target price upon listing will hit rm0.7...believe me....
06/07/2016 13:35
Lanka HSS will hit 70 sen on maiden trading day. At 5pm it will announce that Chua Ma Yu is cornerstone investor. Remember in Malaysia rumours are often more real than fiction. Buy this IPO
14/07/2016 01:12
Lanka Rumours aside, HSS despite being owned by non bumis, boast some 71 per cent of their revenue directly coming from government contracts.Thats about 70m a year. HSs has an order book of 300m. With the government having some RM20b of contracts on its plate to award. HSS being the sole listed company in this field looks like it will have a great short of securing a lion share of the job. If this happens. HSS sooner rather than later will be a main board company.
14/07/2016 07:41
ipohunter I'm more interested in their BIM capabilities. Read somewhere that BIM is the future of construction, and there are no other BIM players in the market. There is potential to grow. Definitely a good buy.
15/07/2016 11:10
easybrother vry potential, wil buy on listing day.
30/07/2016 09:03
10/08/2016 07:54
Justin Hui not moving for now
10/08/2016 10:43
Leong Tan this counter really potential. there are not much specialist like them in malaysia.
10/08/2016 11:07
easybrother buy 1000lot at 0.565,keep for longterm
10/08/2016 13:32
Wawa West buy 0.57 , tp k go 0.7.
11/08/2016 05:57
Tengku Rizal Tengku Mat 15 Aug news HSS ENGINEERS BERHAD ("HEB" OR "COMPANY")- ACCEPTANCE OF AWARD FROM IJMC-KEB JOINT VENTURE FOR THE PROVISION OF CONSTRUCTION SUPERVISION FOR WEST COAST EXPRESSWAY SELANGOR ALIGNMENT FOR RM41,325,300.00

not bad.. this company corporate news machinery is working.
16/08/2016 00:13
GG Dot Com PLEASE READ CAREFULLY ABOUT THEIR PROSPECTUS AVAILABLE IN BURSA WEBSITE.
The GROUP, referred to HSSEB, mentioned that their EPS for 2013, 2014 and 2015. If I use EPS of 2015 given, that is about 3.50 and used the average PE ratio (11.xx) as mentioned. The fair value of share price should be RM0.3xxxx.
What for to purchase this share if you know they cannot earn EPS more than 10sen in one year?
20/08/2016 23:47

IPO - Dancomech Holdings Berhad (DANCO)

Author: kltrader   |  Publish date: Thu, 23 Jun 2016, 09:29 PM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM0.75
Par Value: RM 0.40

Dates:
Offer Period Open: 23 Jun 2016
Offer Period Close: 12 Jul 2016
Tentative listing date: 21 Jul 2016

Number of shares:
Public Issue: 24,000,000
Offer for Sale: 16,000,000
Private Placement: 11,370,000 (part of Offer for Sale)

Stock Code: DANCO

Official Announcement

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

(A) PUBLIC ISSUE OF 24,000,000 NEW ORDINARY SHARES OF RM0.40 EACH (SHARES) IN THE FOLLOWING MANNER:

(I) 7,500,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE PUBLIC;

(II) 2,503,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;

(III) 13,997,000 NEW SHARES AVAILABLE FOR APPLICATION BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND

(B) OFFER FOR SALE OF 16,000,000 EXISTING SHARES IN THE FOLLOWING MANNER:

(I) UP TO 4,630,000 EXISTING SHARES BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND

(II) 11,370,000 EXISTING SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS;

AT AN ISSUE/OFFER PRICE OF RM0.75 PER SHARE, PAYABLE IN FULL UPON APPLICATION

Company Overview

Dancomech Holdings Berhad, an investment holding company, engages in trading and distributing process control equipment and measurement instruments in Malaysia, Italy, Indonesia, and internationally. The company offers valves, such as ball, butterfly, blowdown, check, diaphragm, gate, globe, pressure reducing, pressure safety/relief, solenoid, temperature control, and other valves.

It also provides actuators, chart recorders, expansion joints, flow products, level control equipment, positioners, premium explosion protection products, pressure gauges, rupture/bursting discs, sight glasses, steam traps, switches, tank protection devices, temperature gauge and instruments, and Y strainers.

It serves primarily EPCC contractors, engineering consultants, OEM hardware retailers, equipment manufacturers, and end users in the palm oil and oleochemical, oil and gas, petrochemical, and water treatment and sewerage industries. Dancomech Holdings Berhad was founded in 1989 and is headquartered in Shah Alam, Malaysia.

Address & Contact:

No 19 Jalan Pelukis U1/46, Temasya Industrial Park,
Seksyen U1, 40150 Shah Alam, Selangor
Tel : 03-5569 2929
Fax : 03-5569 2935/37
Enquiry: sales@dancomech.com.my
Web:  http://dancomech.com.my

 

Dancomech to raise RM18m from proposed IPO

Process control equipment and measurements instruments company Dancomech Holdings Bhd plans to raise RM18mil from its proposed listing on the Main Market of Bursa Malaysia.

Under its listing exercise, it said on Thursday it was offering for sale 24 million new shares of 40 sen each at an offer price of 75 sen.

Of the RM18mil, it will use RM6.5mil to buy new offices and stores while RM4.55mil would be used to repay borrowings and RM2.74mil as working capital.

According to its prospectus, of the 24 million new shares, it would offer for sale to public 7.50 million shares while 2.50 million units would be made available to eligible directors and employees while 13.99 million shares would be placed out to approved Bumiputera investors.

The major shareholders will offer sale 16 million existing shares of which 4.63 million will be placed out to approved Bumiputera investors and 11.37 million shares would be placed out to selected investors.
-- The Star

 

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probability Johnson Aik is one of the most dynamic...talented guy I have ever seen. This company surely got potential...
23/06/2016 22:03
24/06/2016 01:18
Drago Tian Ini macam ranhill ipo kalau oil and gas related
24/06/2016 01:33
Ng9486 apply?
11/07/2016 09:52

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

  Be the first to like this.
 
29/04/2016 09:44
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
jaymoy any news on SALUTE?
04/08/2016 21:12


 

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