KSK GROUP BERHAD
KLSE (MYR): KSK (5097)
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Last Price
0.645
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
IPO Info
Offer Period
Opening
Closing
Time Table
Allotment Date
Listing Date
Price
Issue Price
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Units
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Share Capital
0.000
No of Shares
Public Issue
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Offer for Sale
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Private Placement
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ISIN Code
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Prospectus:
THE INITIAL PUBLIC OFFERING CONSISTS OF AN OFFER FOR SALE OF 543,000,000 ORDINARY SHARES OF RM0.25 EACH AND COMPRISES THE INSTITUTIONAL OFFERING AND THE RETAIL OFFERING
THE INSTITUTIONAL OFFERING CONSISTS OF 42,500,000 ORDINARY SHARES OF RM0.25 EACH OFFERED TO INSTITUTIONAL AND IDENTIFIED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING
THE RETAIL OFFERING CONSISTS OF 500,500,000 ORDINARY SHARES OF RM0.25 EACH COMPRISING:
(i) 40,000,000 ORDINARY SHARES OF RM0.25 EACH TO THE MALAYSIAN PUBLIC;
(ii) 45,000,000 ORDINARY SHARES OF RM0.25 EACH TO THE ELIGIBLE DIRECTORS, EMPLOYEES AND REGISTERED AGENTS OF KURNIA ASIA BERHAD AND ITS SUBSIDIARY IN MALAYSIA; AND
(iii) 415,500,000 ORDINARY SHARES OF RM0.25 EACH TO THE BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF FINANCE
AT THE RETAIL PRICE OF RM1.00 PER ORDINARY SHARE, PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO A REFUND IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN RM1.00 PER ORDINARY SHARE, THE FINAL RETAIL PRICE WILL BE THE LOWER OF:
(I) THE RETAIL PRICE OF RM1.00 PER ORDINARY SHARE; OR
(II) NOT LESS THAN 95% OF THE INSTITUTIONAL PRICE, TO BE DETERMINED BY WAY OF BOOKBUILDING.
IN CONJUNCTION WITH ITS LISTING ON THE MAIN BOARD OF BURSA MALAYSIA SECURITIES BERHAD (FORMERLY KNOWN AS MALAYSIA SECURITIES EXCHANGE BERHAD)
KurniaAsia-Cover-Definitions-Contents (768KB).pdf
KurniaAsia-AccountantsReport-DirectorsReport (831KB).pdf
KurniaAsia-CorpDirectory-Summary-IPODetails-Risk (678KB).pdf
KurniaAsia-GroupInfo (989KB).pdf
KurniaAsia-Promoters-ApprovalConditions-RPT-FinancialInfo (968KB).pdf
Discussions
Be the first to like this. Showing 50 of 87 comments
Ok get it miss interpret :) So will it be so generous to give us to share the 1bil revenue? Basically by which form ?Income distribution or dividend but finally I'm sure they will declare as capital gain & reinvest :)
2013-01-17 17:05
Hopefully we can get something from the 1 billion cash. Adventa and Krisassets can give capital repayment why not KSK?
2013-01-17 17:56
huh privatise?? no lah...kasi dividend kut
The Company wishes to announce that the Board of Directors of KSK ("Board") has today received a letter from Tan Sri Dato' Paduka Kua Sian Kooi, being the major shareholder of the Company ("Offeror"), requesting for the Company to undertake a selective capital reduction and repayment exercise pursuant to Section 64 of the Companies Act, 1965. The Proposed SCR entails a capital repayment of a proposed cash amount of RM0.65 per ordinary share of RM0.25 each in KSK held by the entitled shareholders of KSK on an entitlement date to be determined later.
2013-03-27 14:43
hmmm, the edge quoted "Major shareholder to privatise KSK via capital reduction/repayment at 65 sen/share"
2013-03-27 14:47
may be many don't understand: a letter by the majority shareholder asking the company to pay 65cents , and by the same time it means u will not own that share anymore... that's why the price is lower... and also it is selective capital reduction meaning to reduce number of share not an offer ... however if u accept u'll get that 65 cents... am i wrong??
2013-03-27 14:50
now trade at around 0.63... after capital reduction 0.65 will be -ve... i think will be same as privatisation...
2013-03-27 14:51
also 65 cents is a steep discount to the bookvalue of the company which is 78 cents.
2013-03-27 14:52
but don't be duped the letter only say "asking" and if u buy just now at 63.5 , u will get 65 cents but for how long if this to happen???
2013-03-27 14:52
may be it will not be approved ... then shareholder will not get anything even get ratus juta deal... just like MAA
2013-03-27 15:01
apa pula...
Please be informed that the following stock will be forbidden from DBT until 3.30 p.m., as per Bursa Trading Rule 902.2 due to material announcement:
No. Stock Code Stock Name
1. 4731 SCIENTX
2. 5097 KSK
3. 7214 ARANK
4. 8133 BHIC
These stock will only be authorized for DBT at 3.30 p.m.
2013-03-27 15:05
User, just want to clarify net asset per share of 0.78 is not equivalent to cash 0.78 per share. Its cash per share is around 0.14
2013-03-27 15:22
yeah the forbidden is actually selective forbidden ... tipu punya bursa they obey all the condition for the 3 counters for now, except KSK .. i wonder why????
2013-03-27 15:23
its only 3 cents above the avg 52 week price range of 62 cents. Geez.. offer price at least 75 cents maa, 3 cents discount we can give laaa this wan 17% discount from Bookvalue. how can laaa
2013-03-27 15:28
dun agree lo...let them revise offer...wakakaka...what i actually understood from the announcement is that they sold off their Kurnia unit...they got tons of cash...of coz they can just keep it, but Tan Sri decided to distribute this to the shareholders...
2013-03-27 15:41
ini chinaman banyak pandai one...if they quote higher price later itu minority shareholder ask for more...
so when announce quote even lower...
2013-03-27 15:50
dengar something big coming from KSK. Property Development. Mungkin buying another listed company also. Tapi kalau invest $$ lagi kat Kurnia Thailand & Indonesia, mampui-lah. 10 tahun these 2 companies langsung never make $$$ and turnaround. Malaysia lagi selamat.
2013-03-27 16:42
its like buying an apple worth 78 cents with just 65 cents. Its obviously not a good deal, now lets see which "Independent" investment bank will advise the minority shareholder that its a "Fair" deal and we should accept a discount payment of 17%.
2013-03-28 08:47
Price were press so low and even rebounced now still at paperloss. Really kena makan by the big shark.
2013-03-28 09:46
MSWG should step in to protect the minority shareholders from being shortchanged. Nta 78 sens and they pay only 65 sens giving themselves a discount of 17% , they are very greedy and dont care a hoot about the minority, what a crying shame.
2013-03-28 09:50
everyone vote against the proposal, either he revise the price or no pass thru.
2013-03-28 10:22
AGM April atau May. Pls vote against the proposal even though he holds more than 75% of the total shares. Ini asyik minority shareholders yang suffer, mana boleh. Buy back the shares at RM0.65 and make announcement, harga naik, dia jual balik kepada public. Apa-lah. MSWG tidur keh?
2013-03-28 17:54
My average cost RM0.659x ha ha.... holding so long for penny.
Capital repayment means after received 65sen I still hold the share (in a listed company with some cash and business)??
2013-03-28 18:36
rmb the ninian guy bought mbf? he at first offer 25 cents, then kena reject by most... then he SCR offer 65 cents, some still reject.. finally he managed to buy MBF by offering 1.75 ... so ppl that hold this counter, play hard sell.
2013-03-29 08:54
capital repayment means he takes away your share by paying you only 65sen. a lot of the share owner bought at even higher price.
2013-03-29 17:39
but this is "selective" capital repayment/reduction. Could it be an offer to institutional investors and a higher price for retails? if its for all shareholders, isnt it easier to just call it Privatisation/Capital Reduction instead of a selective one? (which requires court approval i think)
2013-04-01 09:14
or another possible scenario is he "select" himself out of the cap reduction offer and "select" all others.. means he offer 65 cents to everyone and opts out of the offer himself. means he can telan the entire 900mil+ worth company with just 400mil+ cash..
2013-04-01 10:46
he has the money after sold Kurnia Insurans to swallow all the shares at RM0.65 per share. He already owned 51% direct and another about 20% indirect shares through proxies. What selective capital repayment? No such thing. Look at what Hong Leong Bank did on EONCap shares? Selective was used but at the end swallowed up everyone.
2013-04-08 15:34
so is this company worth to go in now for RM0.615 since the capital repayment worth RM0.65. lolx
2013-05-11 17:18
Investwise, you can get 5% return in less than 6 months. Mr Kua is also buying at 62sen so 61.5 is half sen cheaper.
2013-05-11 17:42
but if tis counter gv repayment worth 0.65 sen, it price will turn negative. lol...
2013-06-24 12:52
Mr. Kua is blocking the way to collect at RM0.615.... laugh all the way to the bank.
2013-07-19 18:52
https://www.businesstoday.com.my/2024/01/09/gdbs-unit-files-a-winding-up-petition-against-ksk-land/
habis! limit down?
2024-01-10 07:45
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
rlch
Hustle, I mean expand insurance business in Indon and Thailand but not use 1 billion cash.
2013-01-17 17:01