Listing Detail:
Listing Sought: Ace Market
Issue Price: RM 0.25

Dates:
Offer Period Open: 05 May 2017
Offer Period Close: 15 May 2017
Tentative listing date: 25 May 2017

Number of shares:
Public Issue: 107,051,800
Offer for Sale: 26,763,000
Private Placement: 87,038,800

Stock Code: INTA

Official Announcement

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

(I) PUBLIC ISSUE OF 107,051,800 NEW ORDINARY SHARES IN OUR COMPANY ("SHARES") IN THE FOLLOWING MANNER:

- 26,763,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

- 20,013,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND BUSINESS ASSOCIATES/PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;

- 53,526,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND

- 6,749,800 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AND

(II) OFFER FOR SALE OF 26,763,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AT AN ISSUE/OFFER PRICE OF RM0.25 PER SHARE,

PAYABLE IN FULL UPON APPLICATION.

Company Overview

Inta Bina Group is a building contractor with more than 25 years of operating history in the construction industry in Malaysia. The company's line of business includes providing professional engineering services.

Inta Bina Group have completed more than 110 building construction projects with a total contract value of more than RM2 Billion, mainly in the Klang Valley and Johor. The company is capable of building various types of buildings including residential, commercial, industrial and leisure properties. The Group typically acts as the main contractor for our building construction projects.

Phone: +603 56379093
Fax: +603 56318596
Website: http://intabina.com/

News: Inta Bina to raise RM27m from IPO

KUALA LUMPUR: Construction firm Inta Bina Group Bhd, slated to list on the ACE market on May 25, aims to raise RM26.76 million from its initial public offering.

Managing Director Paul Lim said the company would use RM5 million of the proceeds to invest in the Industrialised Building System (IBS) and machinery, RM9 million to repay bank borrowings, RM9.56 million for general capital requirements, and the balance RM3.2 million to defray listing expenses.  

He said the group planned to enter the affordable housing segment through the usage of aluminium system formwork under the IBS.

"We believe that the usage of aluminium system formwork is best suited for affordable housing projects and will improve our cost competitiveness in the long run as it will reduce project labour cost and shorten the construction period," he after the launch of the group's prospectus in Kuala Lumpur on Friday. - Bernama