Ranhill


RanhillRanhill Holdings Berhad, a energy and water company is scheduled to be listed in Main Market of Bursa Malaysia on the 18th Feb 2016. The listing is basically a reverse takeover (RTO) of Symphony House Bhd which would pave the way for the back-door listing of the group on the Main Market of Bursa Malaysia. This is done following its failed initial public offering attempt in July 2013 on disclosure transgression issues.

The Initial Public Offering (IPO) consists of 475 million shares at an indicative IPO price of RM1.70 per share at RM1.00 par value. Out of these, 354.18 million shares will be offered to institutional investors, 65.99 million shares will be offered to existing shareholders of Symphony House Bhd, 36 million shares to the eligible individuals while the remaining 18.83 million shares will be offered to Malaysian public.

The institutional price will be determined by way of book building while for the retail application, it is payable at RM1.70 upon application. If the final retail price is lower, the difference will be refunded accordingly.

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Ranhill

Further update in connection with the suspension of the licence issued by Petronas to Perunding Ranhill Worley Sdn Bhd (“PRW”), an affiliate of Ranhill, PRW had on 25 July 2013 received a letter dated 25 July 2013 from Petronas stating that

(i) For upstream activities, Petronas agrees to uplift the suspension of PRW

(ii) For downstream activities, the suspension remains unchanged.

In view of this issue, Ranhill Energy and Resources Board of Directors decided to withdraw the application for the IPO. All application and placement monies for the IPO will be refunded to all applicants and investors without interest no later than 7 August 2013.

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RanhillRanhill Energy and Resources Berhad, an energy and water company which is scheduled to be listed in Main Market of Bursa Malaysia on the 31st July 2013 decided to delay its IPO.

The decision came after a state oil firm Petronas suspended the licence of Perunding Ranhill Worley Sdn Bhd (“PRW”) for an indefinite period starting 17th July 2013. PRW is owned 51% by Ranhill and 49% by Australia’s WorleyParsons Ltd. On the 18th July 2013, Ranhill submitted an appeal to Petronas against the suspension and is currently awaiting formal response on the appeal.

The licence enables PRW to bid for Malaysian projects awarded by Petronas, which has pledged to spend RM300 billion in capital expenditures between 2011 and 2015.

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RanhillRanhill Energy and Resources Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 19.2 million shares. It was oversubscribed by 12.98  times. The IPO attract 21,840 applications or 268.97 million shares.

The Institutional Price was fixed at RM1.85 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM1.85 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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RanhillRanhill Energy and Resources Berhad, a energy and water company is scheduled to be listed in Main Market of Bursa Malaysia on the 31st July 2013.

The Initial Public Offering (IPO) consists of 407 million shares at an indicative IPO price of RM1.85 per share at RM1.00 par value. Out of these, 328.7 million shares will be offered to institutional investors, while 78.3 million shares will be offered to retail investors including eligible directors, employees & Malaysian public.

The institutional price will be determined by way of book building while for the retail application, it is payable at RM1.85 upon application. If the final retail price is lower, the difference will be refunded accordingly.

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