Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.19
Par Value: RM 0.50

Dates:
Offer Period Open: 7-07-14
Offer Period Close: 14-07-14
Tentative listing date: 23-07-14

Number of shares:
Public Issue: 21,200,000
Offer for Sale: 35,950,000
Private Placement: 32,400,000

Stock Code: SASBADI

Official Announcement

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:

(I) PUBLIC ISSUE OF 21,200,000 NEW ORDINARY SHARES OF RM0.50 EACH (“SHARES”) IN THE FOLLOWING MANNER:

• 6,350,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE PUBLIC;
• 5,700,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;
• 9,150,000 NEW SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS; AND

(II) OFFER FOR SALE OF UP TO 35,950,000 EXISTING SHARES IN THE FOLLOWING MANNER:

• 12,700,000 EXISTING SHARES BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY;
• 23,250,000 EXISTING SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS;

AT AN ISSUE/OFFER PRICE OF RM1.19 PER SHARE, PAYABLE IN FULL UPON APPLICATION

Company Overview

Sasbadi Holdings Berhad, an investment holding company, engages in the publishing of education materials in Malaysia, Brunei, Singapore, and the Philippines. It publishes printed educational materials, including national school curriculum based educational materials comprising textbooks, revision guides, workbooks, assessment books, model test papers, past year examination papers, and readers covering various topics and subjects; and supplementary educational materials, such as children’s fiction and informational books, teaching guides, language guides, and glossaries, as well as logbooks for recording co-curricular activities.

The company also publishes various online educational resources, such as instant assessment generator to create assessment and test papers for teachers; i-learn, an online learning platform for students to access its database of resources covering various subjects; i-teach, a teaching platform for teachers equipped with teaching resources and tools; and iPBS, a software tool for teachers to creat materials for lessons and assessment papers based on the new school based assessment format, as well as publishes general title books.

In addition, it is involved in the distribution of applied learning products consisting of miniature building blocks and mechanical, electrical, and electronic components, as well as devices for measuring and analyzing live signals; and software to create measurement and control systems. Further, the company supplies electronic dictionaries; distributes third party publications; and trading of paper products. It serves retail bookstores, dealers, wholesalers, ministry of education, publishers, and schools. The company was founded in 1985 and is headquartered in Petaling Jaya, Malaysia.

Address & Contact:

No.12, Jalan Teknologi 3/4,
Taman Sains Selangor 1, Kota Damansara,
47810 Petaling Jaya,
Selangor Darul Ehsan.

Tel : +603-6145 1188
Fax : +603-6145 1199
Email : enquiry@sasbadi.com
Website: http://www.sasbadi.com

In the News: Sasbadi aims to raise RM25.23 million from IPO

Sasbadi Holdings Bhd (Sasbadi) aims to raise RM25.23 million from its initial public offering (IPO) which will be used for the establishment of applied learning centres, part-financing of proposed acquisition of publishing businesses, as well as financing of proposed acquisition of an office cum warehouse building. The remainder of the IPO proceeds will be used for working capital and listing expenses.
This was highlighted during its prospectus launch yesterday in conjunction with its listing of and quotation for its entire issued and paid-up ordinary share capital on the Main Market of Bursa Malaysia Securities Bhd (Bursa Malaysia).

Sasbadi is one of the leading educational publishers in Malaysia, with 29 years of experience in the industry.

Managing director of Sasbadi, Law King Hui said, “This marks a significant milestone for us because we are now able to offer a chance to the general public as well as our employees, customers and others who have contributed to our success, to participate in the Group’s equity as we aim for greater financial success.

“Malaysia is a steadily growing and developing nation. With the government’s Vision 2020, which seeks to make our country a fully developed nation by the year 2020, there is a clear need for continued development of our education system in order to produce the future leaders to drive this ambition.

“Recognising this, we intend to hasten our growth in order to play a significant role in supporting the nation’s vision and will be further expanding our current resources to achieve this.” Law continued.

Sasbadi’s IPO entails a public issue of 21.20 million new ordinary shares of RM0.50 each with 6.35 million new shares available for application by the public.

Meanwhile, 5.7 million new shares will be available for application by the group’s eligible directors, employees and persons who have contributed to the success of the group. Finally, 9.15 million new shares will be made by way of placement to selected investors.

In addition, the IPO also includes an offer for sale of up to 35.95 million existing shares in the following manner: 12.7 million existing shares by way of placement to Bumiputera investors approved by the Ministry of International Trade and Industry and 23.25 million existing Ssares by way of placement to selected investors.

Alliance Investment Bank Berhad is acting as the principal adviser, underwriter and placement agent for this IPO exercise.

The prospectus launch was graced by Sasbadi independent non-executive director Lim Hun Soon, shief operating officer, Law En Ruey, executive director Lee Swee Hang, chief executive officer Mahesh P. Rupawalla, independent non-executive chairman Datuk Salleh Mohd Husein, executive director Lee Eng Sang and independent non-executive director Datuk Noor Rezan Bapoo Hashim.

-- The Borneo Post