Highlights

IPO Malaysia

Author: kltrader   |   Latest post: Sun, 20 Oct 2019, 9:49 AM

 

IPO - Greatech Technology Berhad (GREATEC)

Author:   |    Publish date:


Listing Detail:
Listing Sought: ACE Market
Issue Price: RM0.61

Dates:
Offer Period Open: 13 May 2019
Offer Period Close: 24 May 2019
Tentative listing date: 13 Jun 2019

Number of shares:
Public Issue: 119,750,000
Private Placement: 91,580,000

 

Stock Code: GREATEC

Official Announcement

INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF GREATECH TECHNOLOGY BERHAD ("GREATECH TECHNOLOGY" OR THE "COMPANY") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING PUBLIC ISSUE OF 119,750,000 NEW ORDINARY SHARES ("SHARES") IN THE FOLLOWING MANNER:

  • 18,780,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
  • 9,390,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;
  • 22,720,000 NEW SHARES MADE AVAILABLE BY WAY OF PLACEMENT TO SELECTED INVESTORS; AND
  • 68,860,000 NEW SHARES MADE AVAILABLE BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY;

AT AN ISSUE PRICE OF RM0.61 PER SHARE, PAYABLE IN FULL UPON APPLICATION.

 

Company Overview

Greatech Technology Berhad, an industrial automation solutions provider, provides solutions in the areas of factory automation. The company specialises in the manufacturing of a range of equipment for solar, electronics and automotive industries. The company was founded in 1993 and is based in Bayan Lepas, Malaysia.

 

Address & Contact:

Plot 287(B) & 287(C), Lengkok Kampung Jawa 1
Phase 3 Bayan Lepas Free Industrial Zone
11900, Penang, Malaysia

Tel: +604 646 3260
Fax: +604 646 3261
Email: info@greatech-group.com
Website: https://greatech-group.com/

 

News: Greatech to Raise RM73.05m From IPO

KUALA LUMPUR (May 13): Greatech Technology Bhd, an industrial automation solutions provider, aims to raise RM73.05 million from its initial public offering (IPO), said chief executive officer Tan Eng Kee.

Of the total proceeds, RM18 million would be utilised for business expansion and development and marketing activities, RM5 million for capital and research and development expenditure and RM36.55 million for working capital, he said.

Meanwhile, the remaining RM8.5 million would be used for repayment of bank borrowings and defrayment of IPO expenses, he said.

"We try to expand our footprint in the US market, so we are going to establish an office, engineering sales and services support in the country and small portion in China.

"We are looking at the east coast, Arizona and some in the area of Silicon Valley... (hope to start to commence) in the second half of this year," he told press conference after launching the company's prospectus here today.

Greatech Technology will be listed on the ACE Market of Bursa Malaysia Securities Bhd, offering 119.75 million shares, where 18.78 million of the shares are eligible for the public, with an IPO price of 61 sen per share.

The group is slated for listing on June 13, with a market capitalisation of RM381.86 million.

Asked on why the US market is selected, Tan said the country is always ahead in terms of technology innovation and believed its unemployment rate is much better than other regions.

"Majority of the expansion allocation will be set aside for US market," he said.

For the financial year ended Dec 31, 2018, the group recorded a revenue of RM219.58 million and tax after profit of RM31.72 million with approximately 90% of the revenue derived from overseas.

Its 2017 revenue amounted to RM93.91 million, higher than RM22.7 million it chalked in 2016 and RM21.39 million in 2015.

Tan said the group targeted between 10% and 15% growth in revenue this year, backed by a slew of new projects coming up from the new and existing clients.

Also present to witness the launch of the prospectus was Malaysian Technology Development Corporation (MTDC) CEO Datuk Norhalim Yunus who believed Greatech Technology's excellent growth trajectory would easily push the IPO for premium performance during the listing.

“The group is in the right industry, namely in automation and robotics, besides solar, which currently expanding rapidly.

“I believe they have a bright future with a formidable list of clients,” he said.

The group received fundings from MTDC for Commercialisation of Research and Development Fund, Technology Acquisition Fund and Business Growth Fund.

-- Bernama

 

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Labels: GREATEC

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Chart Stock Name Last Change Volume 
GREATEC 2.14 +0.07 (3.38%) 7,413,200 

  Be the first to like this.
 
Trouble Huat this nice. can goreng.
12/06/2019 9:22 PM
346 david target 0.75
13/06/2019 7:53 AM
Armada An Quantum Leap Stock In 2019/2020 0.820 basing my casio calculator
13/06/2019 9:04 AM
Jiahui Foo Better than yesterday IPO!
13/06/2019 9:11 AM
Jiahui Foo Breaking 70 sen.....
13/06/2019 9:22 AM
spider68 Yes I agree. HPMT only know how to take money.
13/06/2019 9:22 AM
Jiahui Foo At least dun let the supporters loss like that.....
13/06/2019 9:30 AM
Noni Interesting to look at
13/06/2019 9:32 AM
spider68 HPMT management also did not support the 10% share price free fall yesterday. Greatech management anytime better take care of IPO investors.
13/06/2019 9:38 AM
Armada An Quantum Leap Stock In 2019/2020 They name themself
Greatech mean greatest lah !

Don't just stand n look, find best timing to crush with her.
Kiki
13/06/2019 9:40 AM
Jiahui Foo Hi frens, ready for 0.75 !
13/06/2019 9:43 AM
apolloang go go go greattec
13/06/2019 9:50 AM
apolloang another MI in the making for me? hahaha
13/06/2019 9:53 AM
Jiahui Foo Dun follow HPTM lor......hehe!
13/06/2019 9:55 AM
apolloang MI members also sold to goreng greatec…...soon be making another house.no need everyday contra,just hentam once in a blue moon enough.....hahaha
13/06/2019 9:56 AM
apolloang bought at 63.5cts keep until above 1.30 make 100% or more then sell.....hahaha
13/06/2019 9:59 AM
apolloang penang buddies all support greattec…..hehe
13/06/2019 10:12 AM
Jiahui Foo One day only can make 10 sen here, u better than Warren Buffet lor........! :-)
13/06/2019 10:14 AM
apolloang but not everyday once in a blue moon like MI
13/06/2019 10:16 AM
apolloang warren buffet buy billions,we buy millions only how to be like him? make 1 house enough lah…...hehe
13/06/2019 10:18 AM
apolloang but today great start already,making 1 car not enough greedy wanna make 1 house but hold a few months and see.....hahaha
13/06/2019 10:20 AM
milo After lunch 0.75. Tight ur seat belt.
13/06/2019 10:46 AM
milodrinker sure or not 0.75, ald started to sink
13/06/2019 11:13 AM
spectre007 Heard will be above rm1.. Betul ka?
13/06/2019 11:15 AM
milo Wait. Coz everyone want to wait it drop then only enter
13/06/2019 11:24 AM
siaoliao PUMP AND DUMP........come on KEEP PUMP NOW
13/06/2019 11:29 AM
putraz88 same pattern with REVENUE
13/06/2019 11:50 AM
apolloang so easy make.....new high.....wait macam MI then u know....hahaha
13/06/2019 11:58 AM
milo 0.75 is confirm
13/06/2019 11:59 AM
apolloang 0.75 only meh? I tot 1.50.....hahaha
13/06/2019 11:59 AM
apolloang datuk calvin why u go hentam uzma? buy greatektek lah…..hahaha
13/06/2019 12:00 PM
apolloang the shares already been cornered
13/06/2019 12:03 PM
Jiahui Foo Lai liao......!
13/06/2019 12:04 PM
Jiahui Foo @Apollo. Take some cans of abalone st lar.........
13/06/2019 12:09 PM
apolloang free 1 house for me in the next few months like MI.....hahaha
13/06/2019 12:11 PM
apolloang this easy make money stock,buy and no need to see,after a few months only dump to sochais that chase that time......just like MI......hahaha
13/06/2019 12:15 PM
kent_1 Ending Financial Dec 2018, Profit after tax 31.72mil, share issued 120mil, EPS 26sens, Stock price now 0.72 equivalent to PE 2.67???
13/06/2019 12:23 PM
Jiahui Foo Bye2 Mr. Great!
13/06/2019 12:25 PM
Depeche A great tech company...don't miss out
13/06/2019 12:48 PM
Depeche If pump and dump...we're not even half way to target yet.
13/06/2019 12:50 PM
Armada An Quantum Leap Stock In 2019/2020 0.820 i may diam diam partially profit take 1st.
Greatech is a sweet lover.
13/06/2019 12:59 PM
Depeche Agree with Apollo...Could be another MI...who knows...let's see.
13/06/2019 1:06 PM
milo Next target 0.80. U guys just wait
13/06/2019 1:48 PM
Armada An Quantum Leap Stock In 2019/2020 May retrace back to 0.700-0.750
before chiong 996 the 0.780

Greatect the greatest lover
13/06/2019 2:54 PM
siaoliao next tp rm 149 same with nestle
13/06/2019 3:12 PM
Jiahui Foo @Apollo. Take the roof away lor.......!
13/06/2019 3:30 PM
Depeche Show continues tomorrow...sharks are interested in this counter.
13/06/2019 4:50 PM
Depeche Hope they will launch their own warrant one day.
13/06/2019 5:08 PM
Jiahui Foo Great again!
14/06/2019 9:04 AM
Armada An Quantum Leap Stock In 2019/2020 0.790 以上
不建议追高买入了
只要0.775 以上, 可以继续守护。

0.820-0.850 应该要止盈 2/3 position , 不可太贪恋。
14/06/2019 9:31 AM


 

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