Red Sena BerhadRed Sena Bhd, the fifth Special Purpose Acquisition Company (SPAC) after Hibiscus PetroleumCLIQ Energy, SONA Petroleum and Reach Energy is scheduled to be listed in Main Market on 10th December 2015. Unlike the previous 4 SPACs, Red Sena will be involved in food and beverage (F&B) Sector instead of Oil & Gas.

SPAC, is a company which has no operations or income generating business at the point of IPO but undertakes an IPO with the intention of acquiring operating companies/businesses with the proceeds raised from the IPO.

The Initial Public Offering (IPO) of up to 800 million ordinary shares at an IPO price of RM0.50 per share at RM0.01 par value. It comes with 1 free detachable warrant for each share. The warrants will be listed and tradable from the date of listing, with an exercise price of RM0.50.

The IPO comprises of 80 million shares with 80 million free warrants made available for application by the Malaysian public via balloting.

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Kim Teck Cheong ConsolidatedKim Teck Cheong Consolidated Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 1,586 million shares. It was oversubscribed by 45.66 times. The IPO attract 13,867 applications for 45.92 million shares.

Notices of Allotment will be dispatched by post to all successful applicants on or before 23rd November 2015. Kim Teck Cheong Consolidated Berhad is expected to be listed on the ACE Market of Bursa Malaysia on 25th November 2015 under stock name “KTC”.

Below are the allotment summary.

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MyETFMyETF Thomson Reuters Asia Pacific ex-Japan Agribusiness or MyETF-AGRI is an Islamic exchange traded fund (ETF) is scheduled to be listed in Main Market of Bursa Malaysia on 3rd December 2015. The Islamic ETF fund will have a fund size of 500 million units with an initial issue price of RM1 per unit.

ETFs are essentially unit trust schemes that are listed and traded on a stock exchange. They are open-ended with a unique in-kind creation and redemption mechanism supported by a system of participating dealers and liquidity providers.

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Kim Teck Cheong ConsolidatedKim Teck Cheong Consolidated Bhd, a Sabah-based consumer package goods manufacturer and distributor, is scheduled to be listed in ACE Market of Bursa Malaysia on 25th November 2015.

The Initial Public Offering (IPO) consists of 142 million new ordinary shares at an IPO price of RM0.15 per share at RM0.10 par value. 91.745 million shares will be for private placement & selected investors, 34 million shares to the Malaysian public while the remaining 16.255 million shares are allocated for employees & person who contributed to the success of Kim Teck Cheong Consolidated Berhad.

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