China Stationery Limited, an integrated plastic stationery China-based company is scheduled to be listed in Main Market on 24th February 2012.
The IPO consists of public issue of 90 million ordinary shares at an IPO price of RM0.90 per share with SGD0.001 par value. Out of this, 60 million shares are allocated to Malaysian public, and the remaining 30 million shares are allocated for private placement. On top of that, 133 million shares are for sale to selected investors.
The IPO is expected to raise RM85.5 million. The proceeds will be used for the purchase of machinery, for research and development, advertising, branding and promotional activities as well as working capital and listing expenses.
China Stationery will launch two new patented products namely anti-tampering plastic envelope and second-generation plastic tape printer this year. The target customers for the new products are global express mail service players as well as post offices in China and other countries.
Its manufacturing plant is located in Fujian province, China and plan to establish a factory in Malaysia within a year.
The company’s house-brand products are marketed in China and globally in over 45 countries to more than 400 customers, including distributors, retailers and corporations located in China, Asia, Europe, America and other regions.
China Stationery intends to pay up to 20 percent of their net profit as dividend starting from 2012 onwards.
The table below is the financial summary for China Stationery Ltd.
| FYE 2007 | FYE 2008 | FYE 2009 | FYE 2010 | FPE 2010 | FPE 2011 | |
|---|---|---|---|---|---|---|
| Revenue (RM’000) | 233,179 | 413,380 | 556,304 | 669,878 | 371,770 | 451,049 |
| Profit after Tax (RM’000) | 97,240 | 126,299 | 168,518 | 189,072 | 102,203 | 105,904 |
M&A Securities is the Adviser, Underwriter & Placement Agent Adviser, while Sanston Financial Group is the Sub-Placement Agent for the IPO.
For those who are interested in China Stationery IPO you may subscribe at ATM machines or via Internet Banking.
The subscription period is opened until 10th February 2012 at 5pm. Tentative balloting date is on 14th February while the allotment date is on 23rd February 2012.
View China Stationery prospectus in Bursa Malaysia webpage.
China Stationery Ltd stock name in Bursa Malaysia is “CSL”.
What do you think about China Stationery IPO? Are you going to subscribe?
I read in http://www.klsehotnews.blogspot.com that as at May 2011, the company have a NET CASH of RM 543.32 Millions. If the company have so much CASH, why the need to go for listing. The amount raised is only RM 85.5 Millions which is only a fraction of the CASH in hand. Makes me wonder!
Hmmm… Its worth for subcribe ?
Any comment?
For me, I will avoid China stock.
I will avoid too.. Will try on Sentoria. Hope can get it la… xD
What reason to avoid invest on it? can advise?
People said china stock tend to manipulate its accounts. Maybe not all… Good luck 2 all, for me…i also wil avoid this stock
Bryan Fang, if you look at history for the past China Company IPO in Bursa Malaysia, the performance is not good.
Thanks for the advise 🙂