IPO


initial public offering

Basically, there are a few ways to apply for IPO such as via ATM machines and internet banking. For me the easiest method is via internet banking as I can do it anywhere providing I have internet connection.

Before you start, make sure you follow these rules,

  1. Malaysian citizen above 18 years old.
  2. Malaysian citizen residing in Malaysia
  3. Active CDS account registered under your own name. Nominees or third party CDS Accounts are not allowed. If you don’t have CDS account read here on how to open.

Below are step by step guides on how to apply for PCGB IPO via CIMBClicks. The step to do it via Maybank2U very much similar except the first 3 steps. You have to go in “Investment” & “eShare” menu.

I believe it should be very close if you do it via other bank internet banking as well.

Read more →



petronas

Petronas Chemicals Group Berhad (PCGB) is looking to raise as much as US$4 billion (RM12 billion) in its initial public offering (IPO) in Bursa Malaysia. This is exceeding the earlier estimates of over US$2 billion (RM6 billion) as it hopes to tap strong global investor demand for Asian stocks.

Last month, Petronas filed a draft prospectus for an IPO of its petrochemical business.

Petronas Chemical Group’s IPO is one of two offerings to be launched by government-run Petronas in response to Prime Minister Najib Razak’s call to reduce state ownership in the private sector and boost liquidity in the stock market when unveiling NEM early this year.

PCGB which owned by state oil giant Petroliam Nasional Bhd (Petronas), could become the largest share offering in the country, exceeding Maxis’ US$3.3 billion (RM10 billion) listing last year.

Read more →



Petroliam Nasional Berhad

Petronas Chemical Group’s IPO is one of two offerings to be launched by government-run Petronas in response to Prime Minister Najib Razak’s call to reduce state ownership in the private sector and boost liquidity in the stock market when unveiling NEM early this year.

Petronas has filed a draft prospectus for an initial public offering (“IPO”) of its entire petrochemicals business. The new entity, Petronas Chemical Group Berhad (“PCGB”) is formed  by merging of 22 Petronas wholly owned or majority owned subsidiaries. PCGB has total assets of about RM27 billion as of March 2010.

Petronas Chemical Group’s IPO will be the country’s second largest IPO after Maxis Communication Berhad. PCGB is expected to be listed next month

The draft prospectus on the Securities Commission website did not state how much PCGB is seeking to raise but banking sources have put the value of the firm at over $2 billion (RM 6.2 billion).

Read more →