Posted by necro > 2013-07-04 12:57 | Report Abuse

ada sesiapa subscribe???

Posted by eizmirr > 2013-07-04 13:14 | Report Abuse

Ranhill finally launched it's prospectus! All looking good and geared up for Listing! Quite promising... anyone investing?

The Press release today:

KUALA LUMPUR, MALAYSIA, 4 JULY 2013 – RANHILL ENERGY AND RESOURCES BERHAD (“Ranhill” or “联熹电力与资源有限公司” or “the Group”), a Malaysian energy and environment company, is well on its way to being listed on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Malaysia” or “马来西亚证券交易所”) following a ceremony today to mark the launch of Ranhill’s prospectus for its Initial Public Offering (“IPO” or “首次公开招股”).

In conjunction with its listing on the Main Market of Bursa Malaysia which is expected to take place in July, the IPO entails the offering of 407,000,000 million ordinary shares of RM1.00 each in Ranhill (“Shares” or “股份”) (“Public Issue”). This comprises an Offer for Sale of up to 77,000,000 existing shares (“Offer Shares”) and a Public Issue of 330,000,000 new Shares (“Issue Shares”) in the following manner:

• Institutional Offering of up to 328,721,680 Shares at the Institutional Price to be determined by way of bookbuilding (“Institutional Price”) comprising:
 Up to 110,603,090 Issue Shares to Bumiputera investors approved by the Ministry of International Trade and Industry (“MITI” or “马来西亚国际贸易和工业部”); and
 141,118,590 Issue Shares and 77,000,000 Offer Shares to Malaysian institutional and selected investors (other than Bumiputera investors approved by the MITI) and foreign institutional as well as selected investors outside of the United States of America in reliance on Regulation S under the United States Securities Act of 1993.

• Retail Offering of 78,278,320 Shares comprising:
 59,043,000 Issue Shares to the Directors and eligible employees of the Group and persons who have contributed to the success of the Group;
 19,235,320 Issue Shares to the Malaysian Public, of which 9,617,660 Issue Shares have been set aside for application by Bumiputera citizens, companies, co-operatives, societies and institutions.

at the retail price of RM1.85 per Issue Share (“Retail Price”), subject to refund of the difference between the Retail Price and the final Retail Price, in the event that the final Retail Price is less than the Retail Price.

In conjunction with the Institutional Offering, cornerstone investors have agreed to acquire from Ranhill, an aggregate of 118.3 million Shares at RM1.85 per Share or at the Institutional Price, whichever is lower.

Speaking at the launch, President and Chief Executive of Ranhill Energy and Resources Berhad Tan Sri Hamdan Mohamad says, “Our main business in a nutshell is a combination of concession business in water and power and engineering services business in the Oil and Gas sector, giving us a stable and recurring income, with good growth potential, operating in the fast growing Asian region, that require our investment and expertise. Our businesses have strong earnings visibility combined with strong cash generating capabilities. This is the Ranhill that is going to the market now, a dynamic company, focused in the Energy and Resources sector.”

Tan Sri Hamdan elaborated, “In the Energy Sector, more specifically our Oil and Gas business, we are proud to be in partnership with Worley Parsons of Australia. Ranhill Worley Parsons has been appointed as one of only two global hubs for the Worley Parsons Group for mega decks, floating production/storage/offloading facilities as well as floating LNG facilities. We have also recently entered into a MOU with Samsung Engineering to co-develop and pursue mutually beneficial business dealings, namely for the tendering of engineering, procurement, construction and installation projects globally and also for the provision of engineering services by us to the engineering, procurement, construction and installation projects secured by Samsung.”

Those who were in attendance at the ceremony included Rajiv Vijendran, Managing Director, Regional Head, Equity Capital Markets of Maybank Investment Bank Berhad (“Maybank IB”), which is acting as the Principal Adviser for the listing exercise, and Dato’ Charon Wardini Mokhzani, the Chief Executive Officer of CIMB Investment Bank Berhad (“CIMB Investment”), who were both invited on stage to launch the prospectus to mark the opening of the Group’s shares for subscription.

CIMB Investment and Maybank IB are acting as the Joint Global Coordinators, Joint Bookrunners, Joint Managing Underwriters and Joint Underwriters for the IPO. The other Joint Underwriters are Affin Investment Bank Berhad, Bank Muamalat Malaysia Berhad, MIDF Amanah Investment Bank Berhad and RHB Investment Bank Berhad.

Posted by weiboy90 > 2013-07-04 13:23 | Report Abuse

heard someone says people from UMNO is in the company. @@

Posted by lwalk > 2013-07-04 21:11 | Report Abuse

yes subscribed

Posted by ktsk88 > 2013-07-05 11:38 | Report Abuse

Ranhill dont touch, i last holding Ranhill Bhd when it management do a private buyout for the remainder of the share at low price. And now they relisted it at RM1.85??.

Daylight robbery.

Dont touch anything related to Govertment GLC.

Posted by Frank Soweto > 2013-07-05 11:51 | Report Abuse

Posted by ktsk88 > Jul 5, 2013 11:38 AM | Report Abuse

Ranhill dont touch, i last holding Ranhill Bhd when it management do a private buyout for the remainder of the share at low price. And now they relisted it at RM1.85??.
Daylight robbery.

yep agree to above - shitty management :(