IPO Malaysia

IPO - Chin Hin Group Berhad (CHINHIN)

kltrader
Publish date: Wed, 30 Mar 2016, 09:29 AM
kltrader
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My collection of new IPOs in Malaysia and the background of companies going for IPO.

Listing Detail:
Listing Sought: Main Market
Issue Price: RM 0.65
Par Value: RM 0.50

Dates:
Offer Period Open: 18 Feb 16
Offer Period Close: 25 Feb 16
Tentative listing date: 8 Mar 16

Number of shares:
Public Issue: 63,197,900
Offer for Sale: 65,000,000
Private Placement: 45,914,700

Stock Code: CHINHIN

Official Announcement

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

(I) PUBLIC ISSUE OF 63,197,900 NEW ORDINARY SHARES OF RM0.50 EACH (SHARES) IN THE FOLLOWING MANNER:- - 25,294,400 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; - 6,400,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES; AND - 31,503,500 NEW SHARES BY WAY OF PLACEMENT TO IDENTIFIED INVESTORS, AND

(II) OFFER FOR SALE OF 65,000,000 EXISTING SHARES IN THE FOLLOWING MANNER:- - 14,411,200 EXISTING SHARES BY WAY OF PLACEMENT TO IDENTIFIED INVESTORS; AND - 50,588,800 EXISTING SHARES BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT AN ISSUE/OFFER PRICE OF RM0.65 PER SHARE, PAYABLE IN FULL UPON APPLICATION

Company Overview

Chin Hin Group Berhad, together with its subsidiaries, provides building materials and services to retailers, dealers, industrial users, developers, and contractors primarily in the building and construction industries in Malaysia. It engages in supplying a range of building materials, such as cement and concrete products; roofing and steel products; bricks and pavers; finishing and interior products; ceiling and corrugated sheets; wood products; tiles; installation and storage products; and sanitary products.

The company also distributes ready-mixed, rapid hardening, fiber-reinforced, fluid-fill, self-compacting, architectural and decorative, roller-compacted, low heat/temperature control, and pavement concrete products. In addition, it manufactures lightweight blocks, panels, lintels, adhesives, renders, and AAC tools and accessories; precast concrete products, including industrial building systems, manhole systems, rebated joint pipes, socket joint pipes, and jacking pipes; mesh and steel bars; and roofing and lightweight truss systems. Further, the company is involved in the letting of properties and hire purchase financing business. Chin Hin Group Berhad was founded in 1974 and is headquartered in Kuala Lumpur, Malaysia.

Address & Contact:

Chin Hin Group Berhad (1097507-W)
A-1-9, Pusat Perdagangan Kuchai,
No. 2, Jalan 1/127, off Jalan Kuchai Lama,
58200 Kuala Lumpur, Wilayah Persekutuan.

T: +603-7981 7878
F: +603-7981 7575
Email: info@chinhingroup.com
Web:  http://www.chinhingroup.com/

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