Boustead 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.