KLSE (MYR): SCGM (7247)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.625
Today's Change
0.00 (0.00%)
Day's Change
0.615 - 0.625
Trading Volume
152,900
Opening
Closing
Allotment Date
Listing Date
Issue Price
-
Units
-
Share Capital
0.000
Public Issue
-
Offer for Sale
-
Private Placement
-
-
-
PUBLIC ISSUE OF 12,000,000 NEW ORDINARY SHARES OF RM0.50 EACH AT AN ISSUE PRICE OF RM0.78 PER SHARE PAYABLE IN FULL ON APPLICATION
COMPRISING:
• 6,000,000 ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
• 4,500,000 ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES, AND OTHER PERSONS WHO HAVE CONTRIBUTED TO OUR SUCCESS;
• 1,500,000 ORDINARY SHARES OF RM0.50 EACH BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND
OFFER FOR SALE OF 24,000,000 ORDINARY SHARES OF RM0.50 EACH TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT AN OFFER PRICE OF RM0.78 PER SHARE
PAYABLE IN FULL ON APPLICATION IN CONJUNCTION WITH OUR LISTING ON THE
SECOND BOARD OF BURSA MALAYSIA SECURITIES BERHAD.
SCGM-NoticeOfProspectus (27KB).pdf
SCGM-Cover-Contents-Definitions-CorpDir-Summary-IPODetails-RiskFactors (2.2MB).pdf
SCGM-IndustryOverview-Promoters-ApprovalsConditions-RPT-OtherInfo (1.62MB).pdf
SCGM-FinancialInfo (2.8MB).pdf
SCGM-AccountantRpt (1.6MB).pdf
Coconut demand in China https://seoagencychina.com/coconuts-in-china-huge-demand-from-distributors/
2 months ago
They are waiting for approval from the securities commission.
xiaoeh
Just to follow up
any development for SCGM?
19 minutes ago
2 months ago
In the event that nothing materialised, SCGM will distribute NTA 0.62 back to its shareholders. So, that is the safety line.
2 months ago
@Just88, The business looks and sounds exciting. Not sure the management team though. From plastic packaging to F+B, I will be following them thru since my holding costs is zero anyway.
2 months ago
Brutus, the F&B owners will be the new bosses of SCGM. So, no worries about managing the new businesses.
2 months ago
It will be a reverse take over. So it is a whole new company going forward. Much like a new IPO except no new share offering. I think its valuation can mirror that of Vita coco and Thai coconut Public company.
2 months ago
@Just88, I think that was the whole idea The Lee Family keep SCGM listed. Besides cashing out via capital repayment, they also sold their shares to the new owners at a premium. Should be an exciting new beginning for SCGM (likely to be renamed) shareholders.
2 months ago
Yes, successful injection of coconut business into SCGM will be a windfall for the existing shareholders. Given the information I have, it is already at the stage of seeking SC approval. The new controlling shareholders will ensure the successful listing of their coconut business. Delisting of SCGM will results in losses to them.
1 month ago
https://www.irplus.in.th/Listed/COCOCO/en/news-set-announcement/2024/2/7169917
Thai Coconut public company earnings for Yr 2023 improves 43% over Yr 2022
1 month ago
anyone knows what is the net profit of the Eramas Group? Thai Coconut Public Company should be the correct comparable and they trade at around 23-24x PE.
4 weeks ago
you should know that the latest qtr results of Thai coconut public company increased by 75%
4 weeks ago
The size of the worldwide Coconut market achieved USD 18510.92 Million in the year 2022. Anticipated expansion at a Compound Annual Growth Rate (CAGR) of 13.56%. The global Coconut market is projected to attain the valuation of USD 39703.85 Million throughout the forecast period.
4 weeks ago
SC stipulates that the applicant needs to have an uninterrupted profit of three to five full financial years, with an aggregate after-tax profit of at least RM20 million as well as an after-tax profit of at least RM6 million in the most recent financial year.
4 weeks ago
I expect the definite agreement to be signed soon as the proposal has to be submitted to the SC before end of June. Otherwise, the proposal needs to be recomputed base on quarterly report ended 30 June 2024.
4 weeks ago
Thai coconut public company was listed in Sept 2023 at 5.50 baht and the share price has already doubled.
4 weeks ago
thanks for your sharing Just88...
i'm very kiasi and may wait a bit lower and consider...
3 weeks ago
I see. Kinda missed out this news 😅 https://www.thestar.com.my/business/business-news/2024/03/20/scgm-to-acquire-eramas-global-to-regularise-cash-company-status
1 week ago
Just88, thank you for sharing , I just bought in at 0.645 . Please update for any new information .
1 week ago
wilsonkck84
Now under PN16. OMG.
2023-07-03 19:40