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

Dates:
Offer Period Open: 30 Oct 2017
Offer Period Close: 07 Nov 2017
Tentative listing date: 17 Nov 2017

Number of shares:
Public Issue: 80,000,000
Offer for Sale: up to 32,000,000
Private Placement: up to 88,000,000
 

Stock Code: KAB

Official Announcement

INITIAL PUBLIC OFFERING OF UP TO 112,000,000 ORDINARY SHARES IN KEJURUTERAAN ASASTERA BERHAD ("KAB") ("SHARES") COMPRISING:-

(A) PUBLIC ISSUE OF 80,000,000 NEW SHARES ("ISSUE SHARES") COMPRISING:-

(I) 16,000,000 ISSUE SHARES TO THE MALAYSIAN PUBLIC;

(II) 8,000,000 ISSUE SHARES TO THE DIRECTORS OF KAB, ELIGIBLE EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF KAB AND ITS SUBSIDIARIES;

(III) 56,000,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS; AND

(B) OFFER FOR SALE OF UP TO 32,000,000 EXISTING SHARES ("OFFER SHARES") BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS

AT AN ISSUE / OFFER PRICE OF RM0.25 PER SHARE PAYABLE IN FULL ON APPLICATION PURSUANT TO THE LISTING OF KAB ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD

Company Overview

Kejuruteraan Asastera Berhad provides electrical, mechanical, and related engineering services for commercial and residential buildings in Malaysia.

The company offers turnkey solutions ranging from design, installation, and commissioning to various electrical and mechanical systems, such as high tension and low tension electrical installation, power supply, external electrical infrastructure works, street lighting, lightning protection and structure grounding, telephone and PABX, low voltage, lifts and escalators, fire protection, and other electrical and mechanical systems; structured cabling solutions, including network deployment, integration, and security; special lighting solutions, such as for building façade, interior design, and landscape; and generator sets, auto main failure boards, and their ancillary equipment.

Its projects range from landed properties to high rise developments, including apartments, condominiums, houses, schools, factories, shopping malls, and shop lots. The company was founded in 1997 and is based in Kuala Lumpur, Malaysia.

Address & Contact:

KEJURUTERAAN ASASTERA BERHAD
18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur
Tel: +603-9055 3812 (Main Hunting Line)
Fax: +603-9055 3912 (General including Project Dept.) +603-9054 1266 (Accounts Dept. only)

Email: asastera@asastera.com
Website: http://www.asastera.com