IPO Malaysia
IPO - Cliq Energy Berhad (CLIQ)
Listing Detail:
Listing Sought: Main Market
Issue Price: RM 0.75
Par Value: RM 0.01
Dates:
Offer Period Open: 13/3/2013
Offer Period Close: 29/3/2013
Tentative listing date: 10/4/2013
Number of shares:
Private Placement: Between 190,000,000 to 657,000,000
Public Issue: Between 200,000,000 to 667,000,000
Stock Code: CLIQ
Corporate Profile
CLIQ Energy Berhad is an independent oil and gas exploration and production (E&P) company specialising in the acquisition and development of oil and gas assets located in Asia and Oceania.
CLIQ Energy Sdn Bhd was incorporated on 3 February 2012. Upon conversion into a public company on 17 July 2012, it assumed its current name, CLIQ Energy Berhad.
CLIQ Energy, an investment holding company which has yet to commence business operations, is currently preparing to be listed on the Main Market of Bursa Malaysia Securities Berhad as a Special Purpose Acquisition Company (SPAC).Upon the successful listing, CLIQ Energy will be among the first few SPACs to be listed in Southeast Asia.
The company will focus on small and medium sized discovered oil gas fields with relatively low to moderate risks, as well as pursue opportunities in the development and production of other oil and gas fields.
CLIQ Energy is helmed by a group of dedicated professionals who are passionate about the oil and gas business and have a combined expertise of more than 150 years.
The company will continue to identify exploration and production (E&P) assets, maximise shareholders’ returns, fuel growth with experienced and competent resources, deliver it with integrity and transparency, and protect the people and the environment in which it operates.
News - CLIQ Energy raises RM300m for IPO
KUALA LUMPUR: CLIQ Energy Bhd, en-route to list on the Main Market of Bursa Malaysia has so far raised RM300mil from individuals and small funds.
CLIQ Energy, which is listing as a special purpose acquisition company, had on Friday released its prospectus to investors.
Tentatively, the company is looking to list on Bursa Malaysia on April 10.
The public issue involved between 200 million to 667 million CLIQ Energy shares at an issue price of 75 sen per share.
It comprises of 10 million shares with 10 million free warrants made available for application by the Malaysian public via balloting and of which 50% would be reserved for Bumiputera investors.
Also 190 million to 657 million shares together with between 190 million to 657 million free warrants would be placed out to selected investors
The proposed listing was expected to raise proceeds of up to RM500mil.
-- Star Biz
News - CLIQ Energy Raises Close To RM300 Million Under Private Placement Exercise
KUALA LUMPUR, March 22 (Bernama) -- CLIQ Energy Bhd, en route for main market listing on Bursa Malaysia on April 10, has raised close to RM300 million from selected investors under the private placement exercise.The oil and gas entity, the second special purpose acquisition company (SPAC) firm listed on Bursa Malaysia after Hibiscus Petroleum, aims to raise over RM500 million from the exercise.
Managing Director and Chief Executive Officer Ziyad Elias said the RM300 million was raised mainly from local oil and gas industry players who were familiar with the SPAC company's underlying business and strategies.
Ten million public issue shares and 10 million warrants will be allocated for Malaysians, he told reporters at the prospectus launch today. Closing date for share application for retail offering is on March 29.
For the near-and medium-term, the group would focus on acquiring small-to-medium size oil and gas assets with low to moderate risk located in the Asian and Oceana region, Ziyad said.
-- BERNAMA
Official Announcement
PUBLIC ISSUE OF BETWEEN 200,000,000 AND UP TO 667,000,000 NEW ORDINARY SHARES OF RM0.01 EACH IN OUR COMPANY (“PUBLIC ISSUE SHARES”), TOGETHER WITH BETWEEN 200,000,000 AND UP TO 667,000,000 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF 1 WARRANT FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED, AT AN ISSUE PRICE OF RM0.75 PER PUBLIC ISSUE SHARE PAYABLE IN FULL UPON APPLICATION COMPRISING:
• BETWEEN 190,000,000 AND UP TO 657,000,000 PUBLIC ISSUE SHARES TOGETHER WITH BETWEEN 190,000,000 AND UP TO 657,000,000 WARRANTS ON THE BASIS OF 1 WARRANT FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED BY WAY OF PLACEMENT TO SELECTED INVESTORS; AND
• 10,000,000 PUBLIC ISSUE SHARES TOGETHER WITH 10,000,000 WARRANTS ON THE BASIS OF 1 WARRANT FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD
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Discussions
1 person likes this. Showing 50 of 61 comments
Necro : if you managed to buy before the listing ie via balloting or private placement, the share comes wt free warrant on 1-to-1 basis...so price share and warrant will be readjusted before the listing so it is still being reference to 75 sen and both shares and warrant are tradeable....to answer why shld i buy at 75 sen and not at 62.5 sen (assuming that is the regerence opening price) because once its listed, the shares that you buy no longer comes wt free warrant...so your upside is only on the share coz u dont have warrant...hope that answers :)
2013-03-23 17:13
HURMMM SAID LA LIKE THIS...
LISTING DATE 75CENTS=CLIQ SHARES+DETACHABLE WARRANT
ZAHAIMI BERAPA BYK KO BUY?
AKU DGR BANK OFFER LOAN TOK BUY CLIQ IPO?
2013-03-23 17:24
adalah sikit sikit....besides, bila invest always look for risk reward ratio...in cliq case, its very good as 90percent are placed in trust and refundable (+ investment return from bonds etc which cld raise to refund around 95%) ... financing maybe hong leong and maybank jer kot provide as they are the underwriters
2013-03-23 17:29
ok...ko nak hold kaunter ni atau dispose time listing?
ko dah dpt lom shares y ko apply tu?
byk gak ko buy cliq nye ipo 1.5juta?
sama dengan RM725K...
WOW...mana ahlong ko korek?
huhu jgn marah..
2013-03-23 17:34
Kaunter ni kena longtrm sebab dia x ada bisness lagi...so kena tengok timeframe at leas 2 tahun
2013-03-23 17:38
jadi ko nak hold la ni?2 2sekali?
ada org kata dump share hold son sbb son skit gler..
pergh tp nk convert kna at least tahun baru leh,tgok case hibiscus dia jatuh lepas listing smpai tahap 50sen something...
2013-03-23 17:41
Yes hold kedua dua sekali...hibiscus was first spac so byk investor x faham why open mother share at 62.5 sen...walhal depa ada warrant...when hibiscus open, its mother share pergi sampai 50+ sen but harga warrant bukak 12.5 and tutup at 13.5....naik 1 sen...nett for the day investor rugi abt 10% first day coz ppl dont understand how spac works....
2013-03-23 17:49
Jadi TIME FRAME INVESTMENT ko ialah 2-3TAHUN..
TARGET PRICE pula?adakah ko akan letak dalam harga RM2 sama macam Hibiscus kes?
2013-03-23 18:02
Susah nak buat TP waktu ni coz bisness acquisition blum ada...and until then premature kalau nak buat TP...but if acquisition jadi, mother share and warrant shld be around hibiscus...
2013-03-23 18:05
SPAC 2 must better fr SPAC 1, private placement oversubscribed and on first day listing, the price will up bcos IPO only 10 mil. Many long term investor waiting to buy on open mkt.
2013-03-23 23:28
Heard private placement oversubscribed by 3 times....as amount of shares placed in private placement is high and only 10 mill for public, means price shld not drop lower than its offer price (mother share+warrant)....the only way is upside...
2013-03-24 00:39
Agree wt Risk Trader that price shld go up or maintain around the 75 sen....why investors who buys large quantity want to sell at lower price and take a loss? Most understand its mid to long term play...
2013-03-24 00:41
Ramai kata jual mother share and keep warrant....strategi i terbalik...better jual warrant and keep shares bila saham ni saham SPAC....reason, if dlm 3 tahun and cliq didnt complete any acquisition, trustee akan pulang 90% of your initial share value (plus investment returns in bods etc)....however, if you simpan warrant, warrant akan hangus after 3 years with zero value and x boleh claim the 90% return...so safer to hold mother share coz ada guarantee part of investment...my two cents worth
2013-03-24 00:55
I heard from HLB analysis, mother share will open at 0.85 cent and warrant 0.15 cent. IPO will oversubcribed more then 10 times.....
2013-03-24 07:55
Personally i dont think will open at 85sen and warrant at 15 sen....as exercise warrant is 50 sen, if warrant is 15 sen on opening, mother share shld be around 65 sen...giving a 5 sen upside combined mother and warrant...this looks more realistic as cliq has no business at point of listing and will not fetch high premium yet...my two cents worth
2013-03-24 08:38
Before listing date Cliq will anounce that company will acquire O&G assets in Asian and Oceania regions
2013-03-24 13:26
Cliq has announced its intention as in the papers on saturday...however, as per sc law, they cant announce any negotiation or acquisition prior to listing.
2013-03-24 13:44
If you plan to buy at listing day (if did not get IPO share), then better wait at below IPO price, then only buy (my simple logic)..
2013-03-25 16:16
Will they be under risk based service contracts from Petronas like Dialog etc? Or are they targeting for fields oversea? It mentioned Asiania and Oceania. From exploration to production typically it is 5 years or more, and right now they don't even have a prospect yet to explore. I'd think this kind of IPO is very risky, but of course there are many speculators outside. To be an upstream player you need to be cash laden, by getting funds from public, and if you drill a few dry wells, your cash is going down real fast... Just my opinion.
2013-03-25 19:45
Careful on this kind of investment without any historical record. This kind of scheme may be successful for one or two but the majority are bound to fail. Just imagine the nearest con job in KLSE is the various chinadoll malaysian JVs which have on going business but failed to shine. How many investors have lost a fortune since the first one, ie the Antah Bhd reborned.
2013-03-25 21:35
CLIQ is difference bisnes model, investment cost is gerenti 90% refundable to investor within 3 years.
2013-03-25 21:38
hisbiscus style, until today still nothing - selling talk only.
Gerenti, x bolehlah - just does not work here. There is already a company giving this profit style, profit drop but directors still survive at AGM - regulators does not care.
D only consolation with cliq, strong technical & experience staff. I wait first lah.
2013-03-27 10:34
wah u betul betul good luck apply 1 dpt 1 , apply 1000 also dapat 1000 apply 10,000 also dapat 10,000 semua dapat
2013-04-03 21:52
sudah dpt result m2u,dpt 50,000k unit..waiting return balance lagi separuh yg tak dapat!!!
2013-04-03 21:55
akan naik dlm 10% to 20% utk 1st..after that depend on jerung2 yg goreng goreng goreng,market also look good w/pun GE semakin hmpir..kasi hentam...my prediction only,ur money,ur choice..jika takut,jgn bicara pasal saham..pegi main jauh2 ;)
2013-04-09 14:25
obviously it opens in red. the price of mothershare will be adjusted by the free WA
2013-04-10 09:01
if u want to buy this share,this week will be the right time & hope they will get the business.maybe in 2 or 3 years time?hehe..
2013-04-10 09:08
this is a medium-long term investment. now is the right time to buy and hold for at least 6 months
2013-04-10 09:12
Now its listed and had superb run, wondering will the share continue its run for next week...
2013-04-14 21:23
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Open reference price will be 62.5 sen per share and warrant at 12.5 sen....by end day mother share may go to 65-68 sen....investors now leatned from hibiscus and no panicky shld come in
2013-03-23 16:57