IPO Malaysia

IPO - E.A. Technique (M) Berhad (EATECH)

kltrader
Publish date: Tue, 02 Dec 2014, 11:05 AM
kltrader
0 20,638
My collection of new IPOs in Malaysia and the background of companies going for IPO.

http://www.eatechnique.com.my/wp-content/themes/Su47kTe/images/logo.png

Listing Detail:
Listing Sought: Main Market
Issue Price: RM 0.65
Par Value: RM0.25

Dates:
Offer Period Open: 24-11-14
Offer Period Close: 01-12-14
Tentative listing date: 11-12-14

Number of shares:
Public Issue: 114,000,000
Offer for Sale: 15,000,000
Private Placement: 93,800,000

Stock Code: EATECH

Official Announcement

INITIAL PUBLIC OFFERING (“IPO”) OF 129,000,000 ORDINARY SHARES OF RM0.25 EACH IN E.A. TECHNIQUE (“SHARE(S)”) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF E.A. TECHNIQUE ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:-

(A) A PUBLIC ISSUE OF 114,000,000 NEW SHARES (“ISSUE SHARE(S)”) IN THE
FOLLOWING MANNER:-

(I) 25,200,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC AT AN ISSUE PRICE OF RM0.65 PER ISSUE SHARE (“IPO PRICE”), PAYABLE IN FULL UPON APPLICATION;

(II) 78,800,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS AT THE IPO PRICE, PAYABLE IN FULL UPON APPLICATION; AND

(III) 10,000,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES OF E.A. TECHNIQUE AND ITS SUBSIDIARY AT THE IPO PRICE, PAYABLE IN FULL UPON APPLICATION;

(B) AN OFFER FOR SALE OF 15,000,000 EXISTING SHARES, MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS AT THE IPO PRICE, PAYABLE IN FULL UPON APPLICATION.

Company Overview

The company was incorporated in Malaysia on 18th January 1993 under the Act as a private limited company as E.A. Technique (M) Sdn Bhd. Subsequently, on 27th March 2014, the company were converted into a public limited company as E.A. Technique (M) Berhad. Since then, it has developed itself as a logistics provider and ship manager with offices located in Melaka, Johor Bahru, Kerteh and Port Klang. The principal office and business address of E.A. Technique is at Setiawangsa Business Suites, Unit C-3A-3A, No.2, Jalan Setiawangsa 11, Taman Setiawangsa, 54200 Kuala Lumpur.

The company is principally an owner and operator of marine vessels where our business is focused on marine transportation and offshore storage of O&G, and provision of port marine services. Our vessel operations are supported by our shipyard which is involved in shipbuilding, ship repair and minor fabrication.

Address & Contact:
Setiawangsa Business Suites
Unit C-3A-3A, No.2 Jalan Setiawangsa 11,
Taman Setiawangsa, 54200 Kuala Lumpur,
Malaysia.
 

Tel: 03 4252 5422 (Hunting)
Fax: 03 4252 2163 (Account/Admin Dept) / 03 4251 2985 (Operation)
Email: eat@eatechnique.com.my
Website: http://www.eatechnique.com.my/

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Be the first to like this. Showing 7 of 7 comments

n3lly

gone case :(

2014-12-11 09:01

nazmanz

down..??why

2014-12-11 09:14

n3lly

boss, IPO 65c now its 57c. biggest conjob

2014-12-11 09:28

myXYZ

now 0.515...

2014-12-11 15:09

shareguru

rhb underwriter. how can it be? sc dun protect investor

2014-12-11 17:54

n3lly

48.5c

2014-12-11 18:04

n3lly

Since RHB will no longer exist in the coming months, the CF advisor can just hide behind the fleeting brand ma. Announced -79% profit 2 days before IPO, are you saying the CF didnt know prior to the listing? They probably learned from MOL GLOBAL. Not sure if the investors can file a class action suit against them.

http://www.thestar.com.my/Business/Business-News/2014/12/05/US-classaction-suits-filed-against-MOL-Global/?style=biz

2014-12-11 18:10

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