Listing Detail:
Listing Sought: Ace Market
Issue Price: RM 0.36

Dates:
Offer Period Open: 31 Mar 2017
Offer Period Close: 10 Apr 2017
Tentative listing date: 21 Apr 2017

Number of shares:
Public Issue: 48,000,000
Offer for Sale: 30,000,000
Private Placement: 54,000,000

Stock Code: ESAFE

Official Announcement

INITIAL PUBLIC OFFERING OF UP TO 78,000,000 ORDINARY SHARES IN EVERSAFE RUBBER BERHAD ("EVERSAFE RUBBER") ("SHARES") COMPRISING:-

(A) PUBLIC ISSUE OF 48,000,000 NEW SHARES ("ISSUE SHARES") COMPRISING:-

(I) 12,500,000 ISSUE SHARES TO THE MALAYSIAN PUBLIC;

(II) 11,500,000 ISSUE SHARES TO THE DIRECTORS OF EVERSAFE RUBBER, ELIGIBLE EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF EVERSAFE RUBBER AND ITS SUBSIDIARIES;

(III) 24,000,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS; AND

(B) OFFER FOR SALE OF UP TO 30,000,000 EXISTING SHARES ("OFFER SHARES") COMPRISING:-

(I) UP TO 6,000,000 OFFER SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS;

(II) UP TO 24,000,000 OFFER SHARES BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY OF MALAYSIA;

AT AN ISSUE / OFFER PRICE OF RM0.36 PER SHARE PAYABLE IN FULL ON APPLICATION PURSUANT TO THE LISTING OF EVERSAFE RUBBER ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

Company Overview

Lot 93, Portland Avenue, Tasek Industrial Estate,
31400 Ipoh, Perak, Malaysia

Phone: +605 291 0599 / 7535
Fax: +605 291 1699 / 0679
Website: http://www.eversafe.com.my/

News: Eversafe Rubber to raise RM17m from IPO

KUALA LUMPUR: Eversafe Rubber Bhd plans to raise RM17.28mil as it seeks to listing on the ACE Market of Bursa Malaysia Securities.

The rubber products maker said in its prospectus on Friday it would be selling 48 million news shares at 36 sen each.

This would comprise of 12.50 million new shares to public; 11.50 million shares to the directors while 24 million shares would be placed out to institutional and selected investors.

The shareholders of Eversafe Rubber would also offer for sale up to 30 million exisiting shares, of which six million units would be placed out to institutional  and selected investors and up to 24 million shares to be approved Bumiputera investors.

The close date for application is April 10 while the tentative date for its listing is April 21.

Eversafe Rubber's core businesses include manufacturing and ditribution of tyre retreading materials.

It posted earnings of RM566,143 in the fourth quarter ended Dec 31, 2016 on the back of a revenue of RM19.67mil.

In the financial year ended Dec 31, 2016, it posted earnings of RM8.01mil, an increase of 38% from the RM5.80mil in FY15. Its revenue was slightly lower at RM74.74mil in FY16 compared with RM74.78mil.
-- The Star