IPO Malaysia
IPO - Red Sena Berhad (RSENA)
Listing Detail:
Listing Sought: Main Market
Issue Price: RM0.50
Par Value: RM 0.01
Dates:
Offer Period Open: 18-11-15
Offer Period Close: 27-11-15
Tentative listing date: 10-12-15
Number of shares:
Public Issue: 800,000,000
Offer for Sale: -
Private Placement: 720,000,000
Stock Code: RSENA
Official Announcement
INITIAL PUBLIC OFFERING OF 800,000,000 NEW ORDINARY SHARES OF RM0.01 EACH IN RED SENA BERHAD ("PUBLIC ISSUE SHARES") TOGETHER WITH 800,000,000 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) PUBLIC ISSUE SHARE SUBSCRIBED, AT AN ISSUE PRICE OF RM0.50 PER PUBLIC ISSUE SHARE COMPRISING: - 80,000,000 PUBLIC ISSUE SHARES TOGETHER WITH 80,000,000 WARRANTS BY WAY OF BALLOTING TO THE MALAYSIAN PUBLIC; AND - 720,000,000 PUBLIC ISSUE SHARES TOGETHER WITH 720,000,000 WARRANTS BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS, SUBJECT TO CLAWBACK AND REALLOCATION PROVISIONS, IN CONJUNCTION WITH THE LISTING OF RED SENA BERHAD ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.
Company Overview
Red Sena Berhad, an investment holding company, focuses on manufacturing, branding, marketing, and distributing banded packaged food and beverage products in Malaysia, Indonesia, the Philippines, Singapore, Thailand, and Vietnam. The company was incorporated in 2014 and is headquartered in Petaling Jaya, Malaysia. Red Sena Berhad is a subsidiary of Raintree F&B Sdn. Bhd.
Address & Contact:
1 First Avenue, Level 15.01,Bandar Utama
Petaling Jaya, 47800 Malaysia
Phone: +603 7651 7870
In the News
Red Sena earmarks 92% of proceeds for qualifying acquisition
Red Sena Bhd, which plans to raise RM400 million, will earmark RM368 million for its qualifying acquisition, according to its prospectus.
Red Sena is a special purpose acquisition company (SPAC) specialising in food and beverage businesses. A SPAC has no revenue-generating assets at the time of listing.
"Our board believes that, upon completion of our IPO, the funds available to us as working capital would be sufficient for us to operate as a SPAC within the permitted time frame.
"We do not intend to pay any dividends prior to the completion of our QA," Red Sena said.
Red Sena's initial public offering (IPO) involves the sale of 800 million new shares at 50 sen each. The IPO includes a similar number of free detachable warrants on a one warrant-one share basis.
The company is scheduled to be listed on Bursa Malaysia's Main Market on December 10.
- The Edge Markets
Red Sena earmarks 92% of proceeds for qualifying acquisition - See more at: http://www.themalaysianinsider.com/business/article/red-sena-earmarks-92-of-proceeds-for-qualifying-acquisition#sthash.QcmA6kFJ.dpuf
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Discussions
3 people like this. Showing 37 of 37 comments
Attached free Warrant what is the listing price, any one who know pls info tqvm
2015-11-20 11:29
fundamenally this SPAC much better prospects than previous oil & gas SPACS
2015-11-26 11:22
one q, i already bought frm online banking n i heard is base on baloting. if I din get then what happen to d amount i paid?
2015-11-26 21:43
Dear all, I would suggest for those who do not understand the mechanics of SPAC to stay away from investing. This is from the many question posted in the forum and you can pretty much get all your answers from the prospectus.
2015-12-02 10:01
popcorn list at wrong timing, tmr straight drop below 40cents....
09/12/2015 19:59
you are GOD!!!!!!!!!!!
2015-12-10 09:55
HA HA HA! good thing my ipo application rejected :-) thank u MIH for rejecting my application! otherwise open only, already lose money.
2015-12-10 14:33
Red is Angpow and the color of UMNO assembly, so Monday will fly with the Red shirts support.....
2015-12-11 18:27
Good management...confirmed hot later! Stay tuned! Buy company must buy good management with experience!
2015-12-11 18:28
Spac business have become - depositing money in fixed deposit and earn 5 or 6% interest only.
2016-04-27 23:35
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We do not intend to pay any dividends prior to the completion of our QA," Red Sena said.
what is QA? anyone could help to explain?
2015-11-19 17:51