IPO Malaysia
IPO - Binasat Communications Berhad (BINACOM)
Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.46
Dates:
Offer Period Open: 13 Dec 2017
Offer Period Close: 26 Dec 2017
Tentative listing date: 08 Jan 2018
Number of shares:
Public Issue: 26,000,000
Offer for Sale: 40,000,000
Private Placement: 59,979,000
Stock Code: BINACOM
Official Announcement
(A) PUBLIC ISSUE OF 85,979,000 NEW ORDINARY SHARES IN BINASAT COMMUNICATIONS BERHAD (SHARES) COMPRISING
(I) 13,000,000 SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
(II) 13,000,000 SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES, AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND
(III) 59,979,000 SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS;
(B) OFFER FOR SALE OF 40,000,000 EXISTING ORDINARY SHARES IN BINASAT COMMUNICATIONS BERHAD (OFFER SHARES) BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS
AT AN ISSUE/OFFER PRICE OF RM0.46 PER SHARE PAYABLE IN FULL UPON APPLICATION IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD.
Company Overview
Binasat Communications Berhad, an investment holding company, provides support services for satellite, mobile, and fiber optic telecommunication networks in Malaysia. It operates through Satellite Communication, Mobile Telecommunication, and Fibre Optic Network segments.
The Satellite Communication segment offers installation and commissioning services, including setting up, aligning, and configuring VSAT ground stations at sites, such as petrol stations, self-service banking machines, oil palm plantations, offshore oil and gas platforms, and other remote areas; and installing and commissioning of satellite hubs and other related equipment at teleports, as well as supplies satellite network equipment. This segment also provides operations and maintenance services, such as scheduled and unscheduled maintenance at VSAT ground station sites, as well as operating satellite hubs; and uplink and downlink services for live telecasts for turf club, sporting, and other events on-location news broadcasts.
The Mobile Telecommunication segment is involved in the installation and commissioning business comprising setting up base transceiver stations; and provision of operations and maintenance services for mobile networks.
The Fibre Optic Network segment engages in the installation and commissioning activities, including laying of fiber optic cables, as well as installation of related network equipment; and provision of operations and maintenance services for fiber optic network equipment. This segment also offers call center services, such as technical support for its gateway customers. Binasat Communications Berhad was incorporated in 2017 and is headquartered in Kuala Lumpur, Malaysia.
Address & Contact:
No.17 & 19, Jalan Bukit Permai Utama 3,
Taman Industri Bukit Permai,
Cheras, 56100 Kuala Lumpur, Malaysia
Tel : +603-4295 1881 +603-4296 1881
Fax : +603-4297 1881
Email : contact@binagroup.com.my
Website: http://binacom.com.my
News: Binasat IPO Open for Applications
KUALA LUMPUR: Telco services provider Binasat Communications Bhd has started taking applications for its RM57.95mil initial public offering (IPO), involving 125.98 million shares.
The IPO comprises 85.979 million public issue and 40 million offer for sale shares, for 46 sen a piece. The new and existing shares make up 33.1% and 15.4% of the enlarged share capital of 260 million shares.
According to the prospectus, 13 million shares have been made available for balloting, with 50% of the shares set aside for Bumiputera investors.
Another 13 million shares have been offered to eligible directors, employees and other individuals under the "Pink Form" tranche.
59.979 million of the public issue shares and the 40 million offer for sale shares will be privately placed with selected investors.
Applications for the offering end on Dec 26. Successful applicants will be alloted shares on Jan 4, 2018, while the listing of Binasat on the ACE Market of Bursa Malaysia will tentatively take place on Jan 8, 2018.
Following the public issue and use of proceeds, Binasat will have total assets of RM80.14mil. Net assets per share and gearing will stand at 23.75 sen and 0.14 times respectively.
Binasat said in its prospectus that it plans to enhance its operations and services, and expand into the region within 24 months of the listing.
The IPO comprises 85.979 million public issue and 40 million offer for sale shares, for 46 sen a piece. The new and existing shares make up 33.1% and 15.4% of the enlarged share capital of 260 million shares.
According to the prospectus, 13 million shares have been made available for balloting, with 50% of the shares set aside for Bumiputera investors.
Another 13 million shares have been offered to eligible directors, employees and other individuals under the "Pink Form" tranche.
59.979 million of the public issue shares and the 40 million offer for sale shares will be privately placed with selected investors.
Applications for the offering end on Dec 26. Successful applicants will be alloted shares on Jan 4, 2018, while the listing of Binasat on the ACE Market of Bursa Malaysia will tentatively take place on Jan 8, 2018.
Following the public issue and use of proceeds, Binasat will have total assets of RM80.14mil. Net assets per share and gearing will stand at 23.75 sen and 0.14 times respectively.
Binasat said in its prospectus that it plans to enhance its operations and services, and expand into the region within 24 months of the listing.
-- The Star
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1 person likes this. Showing 9 of 9 comments
Take a look at our IPO Review. Indeed this company comes with a very strong fundamentals. Worth to subscribe! Follow us on Facebook as well!!!
https://omightycap.wordpress.com/2017/12/15/ipo-binasat-communications/
2017-12-15 10:15
terima kasih Fahmi. almost confirm 99.9% I will get. You always make me terbalik
2017-12-20 14:34
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