Vitrox was having false start in early Oct 2015. Now can it make it happen to shoot up?
Thursday, November 19, 2015
RED SENA BERHAD stock code RSENA
Opening of application18 Nov 2015
Closing of application27 Nov 2015
Balloting of application01 Dec 2015
Allotment of IPO shares to successful applicants04 Dec 2015
Tentative listing date10 Dec 2015
INITIAL PUBLIC OFFERING OF
800,000,000 NEW ORDINARY SHARES OF RM0.01 EACH IN RED SENA BERHAD ("PUBLIC ISSUE SHARES") TOGETHER WITH 800,000,000 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) PUBLIC ISSUE SHARE SUBSCRIBED, AT AN ISSUE PRICE OF RM0.50 PER PUBLIC ISSUE SHARE COMPRISING: - 80,000,000 PUBLIC ISSUE SHARES TOGETHER WITH 80,000,000 WARRANTS BY WAY OF BALLOTING TO THE MALAYSIAN PUBLIC; AND - 720,000,000 PUBLIC ISSUE SHARES TOGETHER WITH 720,000,000 WARRANTS BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS, SUBJECT TO CLAWBACK AND REALLOCATION PROVISIONS, IN CONJUNCTION WITH THE LISTING OF RED SENA BERHAD ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.
Red Sena is a special purpose acquisition company (SPAC) specialising in food and beverage businesses. A SPAC has no revenue-generating assets at the time of listing.
"Our board believes that, upon completion of our IPO, the funds available to us as working capital would be sufficient for us to operate as a SPAC within the permitted time frame.
"We do not intend to pay any dividends prior to the completion of our QA," Red Sena said.
Red Sena's initial public offering (IPO) involves the sale of 800 million new shares at 50 sen each. The IPO includes a similar number of free detachable warrants on a one warrant-one share basis.
The company is scheduled to be listed on Bursa Malaysia's Main Market on December 10. – The Edge Markets, November 18, 2015.
Friday, October 30, 2015
KIM TECK CHEONG CONSOLIDATED BERHAD
Opening of application 28 Oct 2015
Closing of application 12 Nov 2015
Balloting of application 16 Nov 2015
Allotment of IPO shares to successful applicants 23 Nov 2015
Tentative listing date 25 Nov 2015
Stock Code : KTC
The Star 28 October 2015
KUALA LUMPUR: Sabah-based consumer package goods manufacturer and distributor Kim Teck Cheong Consolidated Bhd (KTC) plans to raise RM21.3mil in its initial public offering (IPO).
KTC said on Wednesday it plans to use the proceeds to expand its warehousing facilities, warehousing construction and equipment purchase, all amounting to RM14mil.
The remainder will be spent on working capital and listing expenses.
It is slated to list on the ACE Market of Bursa Malaysia at the end of November.
Under its IPO, KTC plans to issue 142 million new shares, or 27.83% of its share capital at 15 sen a piece.
Also, 34 million new shares will be made to the public, 16.255 million for eligible employees of the group and 91.745 million shared for selected investors.
The company said it had already identified institutional investors for the placement of shares, which comprise local insurance and unit trust funds.
KTC has a market size of about RM6.8bil in East Malaysia and RM33bil in West Malaysia, with 6419 sales and distribution points.
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