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Thursday, November 27, 2014

KRONOLOGI ASIA IPO and OWG IPO

KRONOLOGI ASIA BERHAD IPO.
Stock code stock name Krono.
RM0.29.

Opening of application27/11/2014
Closing of application04/12/2014
Balloting of applications08/12/2014
Allotment of IPO shares to successful applicants10/12/2014
Tentative listing date15/12/2014

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF KRONOLOGI ASIA BERHAD (“KRONOLOGI” OR “COMPANY”) ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING PUBLIC ISSUE OF 59,247,000 NEW ORDINARY SHARES OF RM0.10 EACH (“SHARES”) IN THE FOLLOWING MANNER:-

• 4,739,500 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

• 7,109,500 NEW SHARES AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF KRONOLOGI ASIA BERHAD GROUP; AND

• 47,398,000 NEW SHARES BY WAY OF PLACEMENT TO IDENTIFIED INVESTORS;

AT AN ISSUE PRICE OF RM0.29 PER SHARE, PAYABLE IN FULL UPON APPLICATION

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KUALA LUMPUR, Nov 27 — Kronologi Asia Bhd aims to raise RM17.18 million from its initial public offering (IPO) on the ACE Market of Bursa Malaysia, with an expected listing date of December 15. The Singapore-based company, specialising in enterprise data management (EDM), is making a public issue of 59.25 million new ordinary shares with a par value of 10 sen each, at an issue price of 29 sen per share.

Kronologi Group chief executive officer Piti Pramotedham said 4.74 million shares are available for subscription by the Malaysian public, 7.11 million shares for directors, employees and individuals who had contributed to the group’s success, plus 47.40 million shares to be offered via public placement to identified investors.

“The proceeds from the IPO are earmarked for business expansion, research and development (R&D) expenditure, working capital and listing expenditure,” Pramotedham told reporters after launching the company’s prospectus today.

“As part of the group’s strategy, RM6.0 million of the proceeds will be used for expansion in existing and developing markets, RM3.5 million for R&D expenditure, RM4.48 million for working expenditure and RM3.2 million for listing expenses.”

Pramotedham said Kronologi plans to strengthen its markets in Singapore, Malaysia, the Philippines, Thailand and India, and sees potential in Vietnam, Myanmar and Sri Lanka.

“We are poised to tap the growing EDM market in Southeast Asia where the compound annual growth rate is forecast at 7.3 per cent and is expected to reach RM3.0 billion in 2016,” he said.

“The group has carved a profitable niche in providing EDM solutions and services by providing back-up, storage, recovery and restoration of data for business assurance and operational continuity.”

The group recorded profit after tax of RM5.56 million for the financial year ended December 31, 2013, with revenue of RM42.17 million, and for the first half of this year, posted a RM3.41 million profit on revenue of RM28.10 million.

Bank Islam Malaysia Bhd has been appointed as the group’s principal adviser, sponsor, sole underwriter and placement agent for the listing.

Bank Islam managing director Datuk Seri Zukri Samat, who was at the launch, said Kronologi is the fourth IPO advised by the bank and the first listing on the ACE Market.

“By choosing Malaysia to launch the IPO, it has provided Malaysian investors with an opportunity to invest and participate in a company geared towards sustained profits,” Zukri said. — Bernama

Malaymail online 27 November 2014

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ONLY WORLD GROUP HOLDINGS BERHAD IPO.
RM0.88.

Stock code stock name OWG stock.

Opening of application26/11/2014
Closing of application05/12/2014
Balloting of applications09/12/2014
Allotment of IPO shares to successful applicants15/12/2014
Tentative listing date18/12/2014

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New Straits Time online 27 nov 2014
KUALA LUMPUR:  Only World Group Bhd (OWG), en route to listing on Bursa Malaysia, plans to raise RM50 million from its initial public offering (IPO).

OWG managing director and chief executive officer Datuk Richard Koh Cheng Keong said of the RM50 million, RM30 million will be used to refurbish the Komtar building in Penang, RM13 million for business expansion, RM2 million for working expenses and the balance as listing cost.

He was speaking after OWG’s prospectus launch, here, yesterday.

The IPO entails a public issue of 56.408 million new shares of 50 sen each at an offer price of 88 sen a share. It  includes 9.25 million new shares for the Malaysian public and four million new shares for eligible directors and employees.

Another 18.5 million new shares will be placed out to approved Bumiputera investors while the remaining 24.658 million new shares are for selected investors.

OWG is scheduled to be listed on December 18.

On the progress of the Komtar building refurbishment, Koh said the face-lifting cost was estimated at RM30 million, of which renovation cost for the top five levels was RM6 million.

“It is more than halfway completed. We hope to wrap it up by the third quarter of next year,” he said.

Established in 1973, OWG is a leisure and hospitality services provider that incorporates the operations of food and services outlets, water amusement parks and family attractions.

Its main income is from its brand restaurants such as Only Mee Fresh Noodles, Shanghai 10, Noodle & Lok Lok and QiQi Taiwan Cuisine.

These food and beverage outlets are predominantly located at the main hotels in Genting Highlands.

OWG also operates two franchised Marrybrown restaurants at two hotels in Genting Highlands.

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PUBLIC ISSUE OF 56,408,900 NEW ORDINARY SHARES OF RM0.50 EACH IN ONLY WORLD GROUP HOLDINGS BERHAD AT AN ISSUE PRICE OF RM0.88 PER SHARE PAYABLE IN FULL ON APPLICATION COMPRISING:

(l) 9,250,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

(ll) 4,000,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS, EMPLOYEES AND OTHER PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;

(lll) 18,500,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INSTITUTIONAL AND SELECTED INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY, MALAYSIA; AND

(lV) 24,658,900 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS,

IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD

Monday, November 24, 2014

EA Technique IPO

Malaysia’s EA Technique is planning to raise up to MYR 74.2m ($22.13m) in a domestic IPO to expand its fleet.
EA: raising cash through IPO
EA: raising cash through IPO
The tanker owner and shipbuilder said it should debut on Bursa Malaysia on 11 December.

It will offer 129m shares at MYR 0.65 each.

A large part of the proceeds will be used to repay debt and finance the expansion of its fleet and the shipbuilding operation.

The company is upbeat about the prospects of its oil and gas-related businesses, said managing director Abdul Hak Amin.

"We will not be directly impacted by the volatility of the global oil price as we're well diversified," he told reporters.

The company has five tankers, including two 10,000-dwt ships built in 2010.

It also charters in two LPG carriers and operates a floating storage vessel, along with 14 tugs.

Source: Tradewinds News.

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Opening of application24/11/2014
Closing of application01/12/2014
Balloting of applications03/12/2014
Allotment of IPO shares to successful applicants09/12/2014
Tentative listing date11/12/2014

INITIAL PUBLIC OFFERING (“IPO”) OF 129,000,000 ORDINARY SHARES OF RM0.25 EACH IN E.A. TECHNIQUE (“SHARE(S)”) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF E.A. TECHNIQUE ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:-

(A) A PUBLIC ISSUE OF 114,000,000 NEW SHARES (“ISSUE SHARE(S)”) IN THE
FOLLOWING MANNER:-

(I) 25,200,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC AT AN ISSUE PRICE OF RM0.65 PER ISSUE SHARE (“IPO PRICE”), PAYABLE IN FULL UPON APPLICATION;

(II) 78,800,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS AT THE IPO PRICE, PAYABLE IN FULL UPON APPLICATION; AND

(III) 10,000,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES OF E.A. TECHNIQUE AND ITS SUBSIDIARY AT THE IPO PRICE, PAYABLE IN FULL UPON APPLICATION;

(B) AN OFFER FOR SALE OF 15,000,000 EXISTING SHARES, MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS AT THE IPO PRICE, PAYABLE IN FULL UPON APPLICATION.

Stock Code and name: EATECH

Friday, November 14, 2014

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