Highlights
KLSE: MSM (5202)       MSM MALAYSIA HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.52   -0.005 (0.95%)  0.52 - 0.53  111,100
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IPO Info

Key Data:
General Retail Institutional
Offer Period
Opening 02/06/2011 - -
Closing 13/06/2011 13/06/2011 View RemarkOffer - Closing (Retail)The closing date for the retail offering. 14/06/2011 View RemarkOffer - Closing (Institutional)The closing date for the institutional offering.
Price
Issue Price 3.38 View RemarkIssue PrciceThe issue price is the tentative Retail Price. Final Retail Price will be equal to the lower of the retail price; and 97% of the institutional price which will be determined by way of bookbuilding. - -
Par Value 0.500 - -
Units 702,980,000 - -
No of Shares
Public Issue 125,000,000 - -
Offer for Sale 109,564,700 - -
Private Placement - - -
Time Table
Allotment Date 24/06/2011 - -
Listing Date 28/06/2011 - -
Issuing House MIDF 641 - -
ISIN Code MYL5202OO006 - -
Prospectus:
THE INITIAL PUBLIC OFFERING (“OFFERING”) OF UP TO 234,564,700 ORDINARY SHARES OF RM0.50 EACH IN MSM MALAYSIA HOLDINGS BERHAD (“MSM HOLDINGS”) (“SHARES”) COMPRISING OFFER FOR SALE OF UP TO 109,564,700 EXISTING SHARES (“OFFER SHARES”) AND PUBLIC ISSUE OF 125,000,000 NEW SHARES (“ISSUE SHARES”) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR 702,980,000 SHARES ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD:

(I) INSTITUTIONAL OFFERING OF UP TO 206,444,700 SHARES COMPRISING:

• UP TO 73,811,600 OFFER SHARES TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS OUTSIDE THE UNITED STATES OF AMERICA IN RELIANCE ON REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (“INSTITUTIONAL PRICE”);

• 35,753,100 OFFER SHARES AND 45,089,900 ISSUE SHARES TO BUMIPUTERA INSTITUTIONAL AND SELECTED INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE; AND

• 51,790,100 ISSUE SHARES BY WAY OF PLACEMENT TO KOPERASI PERMODALAN FELDA MALAYSIA BERHAD AT THE INSTITUTIONAL PRICE,

(II) RETAIL OFFERING OF 28,120,000 SHARES COMPRISING:

• 14,060,000 ISSUE SHARES MADE AVAILABLE TO THE ELIGIBLE EMPLOYEES (AS DEFINED HEREIN) AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE BUSINESS OF MSM HOLDINGS AND ITS SUBSIDIARIES; AND

• 14,060,000 ISSUE SHARES MADE AVAILABLE TO THE MALAYSIAN PUBLIC;

AT THE RETAIL PRICE OF RM3.38 PER SHARE (“RETAIL PRICE”), 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,

SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF:

(I) THE RETAIL PRICE; AND

(II) 97% OF THE INSTITUTIONAL PRICE,

SUBJECT TO ROUNDING TO THE NEAREST SEN.
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  2 people like this.
 
jwyap such good monopoly company, can be lost every year, i hope that company change all the management staffs and give its become profit company. mr kuek controlled its had the good results every year. disappointed
08/09/2020 8:34 PM
Jeffreyteck No jail and minimum penalty, we must learn how to tolerate and forgive as like water pollution and disruption. After all not enough evidences and buy time.
09/09/2020 7:59 AM
Good123 below 50sen KUALA LUMPUR (Sept 9): CGS-CIMB Research maintained its "reduce" rating of MSM Malaysia Holdings Bhd at 54.5 sen with an unchanged target price (TP) of 55 sen after MSM's group chief executive officer (CEO) was placed on leave of absence and required to explain certain irregularities relating to inventories of MSM Sugar Refinery (Johor) Sdn Bhd.

MSM, however, did not specify the nature of the inventory irregularities and said the company will continue its business as usual.

In a note yesterday, the research house said it remains negative on the news as it suggests weak management at MSM.

According to CGS-CIMB, MSM had said the irregularities relating to the inventories of MSM Sugar Refinery (Johor) will not impact its earnings for the current year as they had been accounted for in the financial year ended Dec 31, 2019 (FY19).

“We suspect this could be partly related to the write-down of inventory value in 2019 totalling RM50 million. In MSM’s 2019 Annual Report, the group revealed that it lost RM49.4 million due to inventories written down to net realisable value and RM1.5 million from inventories written off in 2019.

“Although we are relieved to hear that this issue is unlikely to affect FY20 earnings, we are still negative on this news as it would shed a negative light on past governance/management of MSM. This is the second time in recent years that MSM appears to have an issue with its CEO,” it said.

The research house highlighted that in January 2018, MSM’s then president and group CEO Datuk Mohamad Amri vacated his post and claimed that he had been constructively dismissed.

CSG-CIMB said it was reported by the media that he tendered his resignation after disagreeing with the appointment of Datuk Khairil Anuar Aziz as an executive director on MSM’s board.

“We reiterate 'reduce' with an unchanged TP of RM0.55 (P/NTA) as we expect MSM to continue reporting losses, which could affect its ability to attract potential suitors. We are also concerned over the low utilisation of its Johor refinery and weak management,” it said.

At 10.15am, MSM had dipped 0.96% or half a sen to 51.5 sen, with a market capitalisation of RM362.04 million.
09/09/2020 11:15 AM
Jeffreyteck Believe no issues or most likely will drag years as in....
Ex-Transmile boss appeals against conviction... only old people can recall this long outstanding case, that is efficiency and effectiveness. Lol.
09/09/2020 5:52 PM
MSMsugar STOK LEBIH 50 million
09/09/2020 7:15 PM
Mcmc Whats d story? Why is the head of plant and finance not questioned or asked to go holiday?
10/09/2020 7:14 PM
Winson Nera Any update from this vacuum management and audit company? Espcially that CEO
16/09/2020 10:56 AM
gemfinder Typical malay control company.. all suck money
16/09/2020 11:01 AM
nicedurians already clarified. no missing inventory
17/09/2020 7:08 PM
Warisan If weak BOD cannot change? Let Warisan Plus rule.
18/09/2020 12:04 PM
ThousandWishes gemfinder It's no longer true with the emergence of Serba Dinamik Holdings Bhd & all other companies managed by Ir Muhd Karim Abdullah. These are genuine globally competitive companies. You may be right if he is a newly Sarawak born convert.
18/09/2020 4:22 PM
stockinvestigator Not only change in top management is required, the review of all head of departments is needed. esp the dept in charge of buying raw sugar and marketing white sugars
21/09/2020 6:11 PM
Selina888 During Robert Kwok's time, it was well managed. But now, we can see how the company performed as reflected by the share price.
21/09/2020 6:24 PM
MSMsugar bodoh purchaser lock 13.50 today price 12.80
21/09/2020 8:00 PM
stockinvestigator google "MSM trading general manager" and it leads us to https://my.linkedin.com/in/mohd-ismaniza-ismail-10b81428
22/09/2020 12:07 PM
weirdone totally unbelievable, monopoly of important ingredient also can loss money.
well... maybe not really losing money, just that the revenue not return to the company and "misplaced"
02/10/2020 11:49 AM
Jasonlcs No further updates?
05/10/2020 11:21 AM
BigPortfolio Let chinese run the company sure make huge profit.
05/10/2020 11:29 AM
MSMsugar Let chinese run the company sure make huge profit.
05/10/2020 8:17 PM
DepecheM A new beginning is good... change from top to bottom will boost investors' confidence...will see how how they fare next QR before considering taking positron.
05/10/2020 8:59 PM
firehawk Heard he wrote-off 36.6m inventories .... so, where these inventories now? can recover back next Q?
05/10/2020 10:25 PM
5354_ CEO sacked and need 1? Can Chinese apply?
06/10/2020 4:59 AM
5354_ Robert Kuok why not asked to buy back MSM or he won't?
06/10/2020 5:01 AM
5354_ Useless CEO sacked save cost is for sure.
06/10/2020 9:02 AM
5354_ Can write back loss under interim CEO?
06/10/2020 9:04 AM
BigPortfolio USELESS PIG RUN THE BUSINESS SURE DIE.. SEE POS... also same...BSTEAD.... pig cant run business... they only eat money.
06/10/2020 12:40 PM
stockinvestigator Now that CEO sacked, it is convenient to blame poor Q3 results (to be announced next month) on the previous management
07/10/2020 10:29 AM
5354_ MSM not in Prai near Permatang Pauh Anwar hometown? Why cannot up even Anwar soon PM 9?
09/10/2020 11:34 AM
5354_ ASB promoters said hotel biz will boom soon not more sugar need for buffet, etc?
09/10/2020 11:36 AM
5354_ MSM Prai far from Permatang Pauh Anwar hometown? Why no gain unlike ASB?
09/10/2020 11:40 AM
stockinvestigator Q3 results going to report loss again.. how to gain?
09/10/2020 1:28 PM
Penang_lang Anwar if PM 9 can give Rakyat free 10 kg MSM sugar in 2021 Budget to lessen burden from Covid-19.
10/10/2020 4:04 AM
Penang_lang Give each household 10 kg MSM sugar if Anwar PM 9.
10/10/2020 4:07 AM
Penang_lang Ask MSM issue 10 1 kg MSM sugar for each household all paid by govn if Anwar PM 9? Can redeem the voucher in all supermarket?
10/10/2020 4:15 AM
Penang_lang No Msm why Kpc here?
10/10/2020 4:16 AM
Penang_lang Haters that's why PM must change. If Muhyiddin good why MSM not good ?
10/10/2020 4:20 AM
Penang_lang Haters ASB goreng you not aware? Got QR profit?
10/10/2020 4:23 AM
Penang_lang Airasia loss bigger why 60 sen can?
10/10/2020 4:31 AM
Hidup_PN I3 no more people? Where they gone?
16/10/2020 9:30 AM
NESARAJAH1 Suffering in silence
16/10/2020 11:21 AM
NESARAJAH1 Losses too much. Hope is still there now
16/10/2020 11:22 AM
NESARAJAH1 Whats the nrws
20/10/2020 4:35 PM
NESARAJAH1 What a reprieve. Was losing so much. Pray for good news
20/10/2020 4:47 PM
rivter friend say this two day got good news out ~ dun know right or not
20/10/2020 5:16 PM
rivter c today closing price maybe got news~
20/10/2020 5:16 PM
Jerry20 Msm goreng..
20/10/2020 7:01 PM
jwyap back to normal price. rm0.6 above
20/10/2020 7:17 PM
MSMsugar got buyer ???
20/10/2020 7:49 PM
nicedurians wilmar coming in
21/10/2020 7:28 PM
mfbs Rubbish stock
22/10/2020 2:58 PM


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