Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.55
Par Value: RM 0.10
Dates:
Offer Period Open: 23/1/2013
Offer Period Close: 4/2/2013
Tentative listing date: 22/2/2013
Number of shares:
Offer for Sale: 66,850,000
Public Issue: 143,374,900
Stock Code: TUNEINS
Tune Ins Holdings Berhad, an investment holding company, engages in the provision of various general and life insurance products in the Asia Pacific. The company offers a range of online insurance products, including travel, lifestyle protection, and guest personal accident insurance products. It also underwrites various general insurance products, such as motor insurance for vehicle owners; fire insurance to cover residential and commercial properties; marine cargo insurance for the owner of goods to cover the loss or damage to the goods in transit; engineering insurance that protects risks involved in the erection of machinery, plant and steel structures, insurance for plant, machinery and mechanical equipment, and protection to electronic equipment, as well as for civil engineering works; foreign workers insurance; and health, dental, and personal accident insurance products. The company provides its general insurance products through approximately 1,000 agents. In addition, it provides life and general reinsurance, and offshore captive insurance products. The company was incorporated in 2011 and is headquartered in Kuala Lumpur, Malaysia. Tune Ins Holdings Berhad operates as a subsidiary of Tune Money Sdn Bhd.
INITIAL PUBLIC OFFERING OF UP TO 210,224,900 ORDINARY SHARES OF RM0.10 EACH IN TUNE INS HOLDINGS BERHAD ("TIH") ("TIH SHARES") COMPRISING A PUBLIC ISSUE OF UP TO 143,374,900 NEW TIH SHARES ("PUBLIC ISSUE SHARES") AND AN OFFER FOR SALE OF UP TO 66,850,000 EXISTING TIH SHARES ("OFFER SHARES") COMPRISING:
(I) THE INSTITUTIONAL OFFERING OF UP TO 102,028,100 PUBLIC ISSUE SHARES AND UP TO 66,850,000 OFFER SHARES TO:
(A) MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF FINANCE; AND
(B) FOREIGN INSTITUTIONAL AND SELECTED INVESTORS OUTSIDE THE UNITED STATES IN RELIANCE ON REGULATIONS UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,
AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING; AND
(II) THE RETAIL OFFERING OF UP TO 41,346,800 PUBLIC ISSUE SHARES TO:
(A) MALAYSIAN CITIZENS, COMPANIES, CO-OPERATIVES, SOCIETIES AND INSTITUTIONS; AND
(B) THE ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF TIH AND ITS SUBSIDIARIES,
AT THE RETAIL PRICE OF RM1.55 PER PUBLIC ISSUE SHARE,
SUBJECT TO CLAWBACK AND REALLOCATION PROVISIONS AND OVER-ALLOTMENT OPTION AS DESCRIBED IN THIS PROSPECTUS.
THE RETAIL PRICE IS PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO A REFUND OF THE DIFFERENCE IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE.THE FINAL RETAIL PRICE WILL EQUAL THE INSTITUTIONAL PRICE, SUBJECT THAT IT WILL NOT EXCEED THE RETAIL PRICE.
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today this counter is RM 2.11 ... wow... look at the skepticism... this is a good stock folks.
2013-06-04 17:48
lkyip77
is it cheap?
Company future outlook ok?
2013-02-02 09:44