Bison Consolidated Berhad, a convenience retailing company is scheduled to be listed in Main Market of Bursa Malaysia on the 29th March 2016.
The Initial Public Offering (IPO) consists of 80.62 million ordinary shares at an IPO price of RM1.10 per share at RM0.20 par value. 62.32 million shares will be for private placement & selected investors, 15.5 million shares to the Malaysian public and the remianing 2.8 million shares for eligible person.
The institutional price will be determined by way of book building while for the retail application, it is payable at RM1.10 upon application. If the final retail price is lower, the difference will be refunded accordingly.
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Chin Hin Group Berhad, a building materials supplier is scheduled to be listed in Main Market of Bursa Malaysia on the 8th March 2016.
The Initial Public Offering (IPO) consists of 63.2 million new ordinary shares and offer for sale of 65 million shares at an IPO price of RM0.65 per share at RM0.50 par value. 96.5 million shares will be for private placement & selected investors, 25.3 million shares to the Malaysian public and the remianing 6.4 million shares for eligible directors, employees & business associates of Chin Hin Group Berhad.
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Ranhill 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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Red Sena Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 80 million shares. It was oversubscribed by 4.49 times. The IPO attract 10,842 applications for 439.4 million shares.
Notices of Allotment will be dispatched by post to all successful applicants on or before 9th December 2015. Red Sena is expected to be listed on the Main Market of Bursa Malaysia on 10th December 2015 under stock name “RSENA”.
Below are the allotment summary.
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Red Sena Bhd, the fifth Special Purpose Acquisition Company (SPAC) after Hibiscus Petroleum, CLIQ Energy, SONA Petroleum and Reach Energy is scheduled to be listed in Main Market on 10th December 2015. Unlike the previous 4 SPACs, Red Sena will be involved in food and beverage (F&B) Sector instead of Oil & Gas.
SPAC, is a company which has no operations or income generating business at the point of IPO but undertakes an IPO with the intention of acquiring operating companies/businesses with the proceeds raised from the IPO.
The Initial Public Offering (IPO) of up to 800 million ordinary shares at an IPO price of RM0.50 per share at RM0.01 par value. It comes with 1 free detachable warrant for each share. The warrants will be listed and tradable from the date of listing, with an exercise price of RM0.50.
The IPO comprises of 80 million shares with 80 million free warrants made available for application by the Malaysian public via balloting.
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