IPO Malaysia

IPO - Hiap Huat Holdings Berhad (HHHCORP)

kltrader
Publish date: Tue, 06 Nov 2012, 11:52 AM
kltrader
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My collection of new IPOs in Malaysia and the background of companies going for IPO.

Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.20
Par Value: RM 0.10

Dates:
Offer Period Open: 05/11/2012
Offer Period Close: 12/11/2012
Tentative listing date: 26/11/2012

Number of shares:
Public Issue: 85,000,000
Offer for Sale: 50,000,000
Private Placement: 130,000,000 **

** Of which 80,000,000 is part of Public Issue and up to 50,000,000 is part of Offer For Sale.

Stock Code: HHHCORP

 

Hiap Huat to raise RM17m from IPO

KUALA LUMPUR: Hiap Huat Holdings Bhd, which is seeking a listing on the ACE Market of Bursa Malaysia, plans to raise RM17mil from the initial public offer (IPO).

It said on Monday the IPO comprised of 85 million new 10 sen shares, of which 80 million would be placed out and the remaining five million units would be offered to the public.

Of the RM17mil, it would used RM8.2mil for working capital, RM4.5mil for capital expenditure, RM2.3mil to fund the listing process and the remaining RM2mil to repay bank borrowings.

Hiap Huat said the shareholders were also offering for sale 50 million existing shares which would be placed out.

The company, which is a used oil recycler, released its prospectus on Monday.

Its core activity is collecting, recycling, re-refining and producing recycled products.

The group stores, treats and recycles waste oil collected from industrial and commercial companies and then formulates them into end products ready to be used by end consumers.

The group's recycled end products derived mainly from its recycling and recovery process are sold under their own “AF1”, “Top Up”, “NEKKO”, “Cap Rumah” and “Flag” brand names.

Source: The Star - 5 Nov 2012

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4 people like this. Showing 17 of 17 comments

weiboy90

anyone going to apply for it?? another PASUGB??
the PE is around 20+

2012-11-06 14:03

juggernault

who will apply it? Public Issue: 85,000,000 too less, Im not going to apply, will you??

2012-11-06 14:11

Mohd Fared Ali Seman

Good to buy, EPS also high

2012-11-06 21:13

KowChye

Consider to acquire after listing. Current PE is high. Good industry i.e. "Green". What about financial performance?...after listing...

2012-11-06 21:20

100100100

what is EPS?

2012-11-06 21:25

lonelyreload

omg, don't know what is it.

2012-11-07 00:51

sathya

EPS- Eat Pray Sell

2012-11-07 06:07

mijibaik

earning per share

2012-11-07 16:16

kwong yien

fair value

2012-11-09 12:13

Mohd Fared Ali Seman

Good to go

2012-11-09 23:32

raizuddin

Confirm goreng upon listing.....TP 40 cent

2012-11-14 23:09

littleshark

Alright will monitor on it upon listing..

2012-11-15 00:31

WinWinWin

136 times oversubscribed....mad bulls chasing a rat !

2012-11-17 13:41

bull007

all these penny stocks are easy to goreng and also quick to dive once "they" have made enough. good example pasukgb

2012-11-17 14:02

raizuddin

First day listing, maybe can up to 50 cent....

2012-11-17 21:03

Mohd Fared Ali Seman

Hopefully Hot Counter.

2012-11-19 22:21

winwinwin

Could be the first IPO that doesn't allocate shares to staff(no pink forms). Private placement of 130m shares given to 37 persons. May open at 30+ and shoot to 50+ !

2012-11-24 21:23

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