Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.10
Par Value: RM 0.20

Dates:
Offer Period Open: 04 Mar 16
Offer Period Close: 14 Mar 16
Tentative listing date: 29 Mar 16

Number of shares:
Public Issue: 80,620,000
Offer for Sale: -
Private Placement: -

Stock Code: BISON

Official Announcement

INITIAL PUBLIC OFFERING OF 80,620,000 ORDINARY SHARES OF RM0.20 EACH IN BISON CONSOLIDATED BERHAD ("BISON") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 310,070,000 ORDINARY SHARES OF RM0.20 EACH IN BISON, COMPRISING THE PUBLIC ISSUE WHICH ENCOMPASSES:

(I) INSTITUTIONAL OFFERING OF 62,316,500 IPO SHARES COMPRISING: - 31,306,500 IPO SHARES TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"); AND - 31,010,000 IPO SHARES TO BUMIPUTERA INSTITUTIONAL AND SELECTED INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE;

(II) RETAIL OFFERING OF 18,303,500 IPO SHARES COMPRISING: - 15,503,500 IPO SHARES TO THE MALAYSIAN PUBLIC; AND - 2,800,000 IPO SHARES MADE AVAILABLE TO THE ELIGIBLE PERSONS (AS DEFINED IN THE PROSPECTUS); AT THE RETAIL PRICE OF RM1.10 PER IPO SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE FINAL RETAIL PRICE (AS DEFINED IN THE PROSPECTUS) AND THE RETAIL PRICE IF THE FINAL PRICE IS LESS THAN THE RETAIL PRICE.

THE FINAL RETAIL PRICE WILL BE EQUAL TO THE INSTITUTIONAL PRICE PROVIDED THAT IT WILL NOT EXCEED THE RETAIL PRICE. THE INSTITUTIONAL OFFERING AND THE RETAIL OFFERING ARE SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AS DESCRIBED IN THE PROSPECTUS.

Company Overview

Bison Consolidated Berhad, and investment holding company, operates a chain of press and convenience retail outlets under the trade names of myNEWS.com, newsplus, MAGBIT, THE FRONT PAGE, and WHSmith in Malaysia. Its stores offer print media such as newspapers, periodicals, magazines, and books; and convenience retail products, including tobacco, food and beverages, fresh food and snacks, prepaid mobile starter packs, personal hygiene products, grocery items, dairy products, and stationery, as well as consumer services comprising electronic payment services and at selected outlets, photocopying services, money transfer services, courier drop off services, and ATM services.

The company is also involved in the operation of food and beverage restaurants; commercialization of a publications; distribution of magazine; and provision of POS software, as well as the implementation, maintenance, and technical services relating to the software. Its retail network consists of 192 myNEWS.com outlets, 20 newsplus outlets, 3 MAGBIT outlets, 1 THE FRONT PAGE outlet, and 8 WHSmith outlets as at the LPD; and covers a total of approximately 144,226 sq. ft. of retail space. The company was founded in 1996 and is headquartered in Kuala Lumpur, Malaysia.

258-259, Jalan KIP 4, KIP Industrial Park
Kuala Lumpur,  52200 Malaysia

Phone: 603 6273 6366
Fax: 603 6277 4911

Web:  http://www.bisonconsolidated.com/home/