Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.25
Par Value: RM 1.00

Dates:
Offer Period Open: 18-10-13
Offer Period Close: 30-10-13
Tentative listing date:  13-11-13

Number of shares:
Public Issue: 35,000,000

Stock Code: CARING

Official Announcement

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING OF CARING PHARMACY GROUP BERHAD (“CARING”) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD OF A:PUBLIC ISSUE OF 35,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN CARiNG (“SHARES”) AT AN ISSUE PRICE OF RM1.25 PER SHARE PAYABLE IN FULL UPON APPLICATION COMPRISING:

• 10,886,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
• 5,716,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS, ELIGIBLE EMPLOYEES AND SHAREHOLDERS OF SUBSIDIARIESOF THE CARiNG GROUP;
• 4,200,000 NEW SHARES MADE AVAILABLE FOR BUMIPUTERA INSTITUTIONAL AND SELECTED INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND
• 14,198,000 NEW SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS.

Caring Pharmacy To Raise Up To RM43.75 Million From IPO

KUALA LUMPUR, Oct 18 (Bernama) -- Caring Pharmacy Group Bhd (CARING), en route to a listing on the Main Market of Bursa Malaysia on Nov 13, aims to raise RM43.75 million in gross proceeds from its initial public offering (IPO).

The company is expected to have a market capitalisation of RM272.13 million upon listing, based on the IPO price of RM1.25 per share, the company said in a statement Friday.

It said 41 per cent of the proceeds would be utilised to open new pharmacy outlets and another 27 per cent would go towards working capital purposes.

"The listing of CARiNG is a strategic move for our Group as we aim to accelerate overall growth and to fortify our strong position within the market.

"We have worked hard over the years to improve CARiNG's economies of scale which are reflected in our proven performance record as well as sustainable revenue and profit growth since our establishment," said Managing Director Chong Yeow Siang.

Under the IPO exercise, the company is making a public issue of 35 million new shares, out of which 10.886 million shares will be made available for public subscription.

Kenanga Investment Bank Bhd is the principal adviser, managing underwriter, joint underwriter and joint placement agent for the IPO.

-- BERNAMA