Plantation Sector


Tanah Makmur BerhadTanah Makmur Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 20 million shares. It was oversubscribed by 14.45 times. The IPO attract 16,828 applications or 309 million shares.

Notices of Allotment will be dispatched by post to all successful applicants on or before 14th July 2014. Tanah Makmur is expected to be listed on the Main Market of Bursa Malaysia on 17th July 2014 under stock name “TMAKMUR”.

Below are the allotment summary.

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Tanah Makmur BerhadTanah Makmur Bhd, Pahang based plantation company, is scheduled to be listed in Main Market of Bursa Malaysia on 17th July 2014.

The Initial Public Offering (IPO) consists of 52.14 million new ordinary shares and offer for sale of 49.45 million shares at an IPO price of RM1.25 per share at RM0.50 par value. 75.18 million will be for private placement, 26.41 million shares to the eligible persons and Malaysian public.

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Boustead PlantationsBoustead Plantations Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 64 million shares. It was oversubscribed by 6  times. The IPO attract 30,787 applications for 448 million shares.

The Institutional Price was fixed at RM1.60 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM1.60 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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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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FELDA

FELDA Global Ventures Holdings Bhd, a plantation operator, downstream products and refined sugar produce is scheduled to be listed in Main Market of Bursa Malaysia on 28th June 2012.

The Initial Public Offering (IPO) consists of 1.92 billion shares will be offered to the institutional investors while the remaining 283.61 million shares will be offered to retail investors at a price of RM4.55 per share at RM1.00 par value.

The final price will be the lower of retail price and 98% of the institutional price. There will be a refund to the difference if the final retail price is less than the retail price.

The institutional offering involves a total of 1.21 billion shares and 286.85 million issue shares allocated for Malaysian and foreign institutional investors, while 419.54 million issue shares are set aside for Bumiputera institutional and selected investors approved by International Trade and Industry Ministry, at the institutional price.

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