The US$2bil (RM6.08bil) listing of Felda Global Ventures Holdings Bhd to a Main Market listing on Bursa Malaysia, Asia’s biggest this year, is expected to take place at the end of June. The initial public offering (IPO) is offering up to 2.19 billion shares for institutional and retail investors.
According to the draft prospectus posted on the Securities Commission website, 1.92 billion shares will be offered to the institutional investors while the remaining 283.61 million shares will be offered to retail investors.
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.
EITA Resources Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 6.5 million shares. It was oversubscribed by 19.47 times. The IPO attract 5,739 applications or 133.0 million shares.
In addition, 17 million shares made available for private placement to identified investors have been placed out.
The IPO allocate 6.5 million shares for public. Of these, 3.25 million shares were allocated for Bumiputera category while 3.25 million shares were allocated for Malaysian Public category.
Below are the allotment summary for public portion.
EITA Resources Bhd, an elevator manufacturer and distributor of electrical and electronics components and equipment is scheduled to be listed in Main Market on 9th April 2012.
The Initial Public Offering (IPO) consists of public issues of 23 million new ordinary shares and 17 million shares for sale at an IPO price of RM0.76 per share at RM0.50 par value.
Out of 23 million shares, 13 million shares are for private placement to selected investors, 6.5 million shares for application by Malaysian public and the remaining 3.5 million shares are made available to directors, employees and business associates of EITA Resources Berhad.
China Stationery Limited Initial Public Offering (IPO) did not received a good response response of their public portion of 60 million shares. The subscription rate was only 50 percent.
The IPO attracted 2,836 applications or 29.88 million shares. The remaining unsubscribed 30.1 million shares relocated to the private placement.
In addition, 163 million shares made available for private placement to identified investors have been placed out.
Sentoria Group Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 20 million shares. It was oversubscribed by 5.36 times. The IPO attracted 6,829 applications or 127.2 million shares.
In addition, 30 million shares made available for private placement to identified investors have been placed out.
Below is the allotment summary.