Boustead PlantationsBoustead Plantations Bhd, the plantation arm of Boustead Holdings Bhd, is scheduled to be listed in Main Market of Bursa Malaysia on 26th June 2014.

The Initial Public Offering (IPO) consists of 656 million shares comprising offer for sale up to 76million existing shares and public issue of 580 million new shares. 163.57 million will be offered to institutional investors, while the remaining 492.43 million will be offered to retail investors, including unitholders of Al-Hadharah Boustead Reit, Boustead Holdings and eligible directors and employees. 64 million shares will be opened to the public.

The retail price of the offering is RM1.60 per share at RM0.50 par value. The final retail price will be determine through book building exercise. If the final retail price is less than the retail price, there will be a refund to the retail investors.

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Previously, we looked at top 26 world’s sovereign largest pensions fund. The different between sovereign and non-sovereign funds are the fund ownership.

Sovereign fund is established by national authorities for the meeting of pension liabilities. So, this raking is quite similar to world’s largest pension funds but without private funds such as General Motors pension funds.

Malaysian largest pension fund, EPF drop 2 spots from 10th in 2012 to 12th spot in 2013 but the funds’s total assets grew from $153.89 billion to $175.72 billion. On the other hand, KWAP up 13 spots from 130th in 2012 to 117th in 2013. The total assets grew from $24.86 billion to $29.06 billion.

The table below shows top 300 world’s largest pension funds. The data shown here are as of end 2012 & early 2013.

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7-Eleven Malaysia7-Eleven Malaysia Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 34 million shares. It was oversubscribed by 4.8  times. The IPO attract 12,761 applications for 195.78 million shares.

The Institutional Price was fixed at RM1.38 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM1.38 per Offer Share as set out in the prospectus. As such there is no refund to be made to successful retail applicants.

Below are the allotment summary.

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7-Eleven Malaysia7-Eleven Malaysia Holdings Bhd, the operator of the country’s biggest convenience store, is scheduled to be listed in Main Market of Bursa Malaysia on 30th May 2014.

The Initial Public Offering (IPO) consists of 530.32 million shares. 490.78 million are set aside for cornerstone/institutional investors, 34.05 million shares for Malaysian Public and 5.5 million shares to the eligible person.

The retail price of the offering is RM1.38 per share at RM0.10 par value. The final retail price will be determine through book building exercise. If the final retail price is less than the retail price, there will be a refund to the retail investors.

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EPF

For year 2013, Employees Provident Fund declared 6.35 percent dividend, the highest since year 2000. For the same period, there are 6.53 million active EPF members with total combined savings of RM396.53 billion up RM36.36 from the same period in 2012. Total savings including inactive members stood at RM586.66 billion.

For those who interested to know the savings profile for active EPF members as of year end 2013, kindly take a look at the following table. It shows the savings range, number on members and total savings for each range.

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