MSM Malaysia Holdings Bhd, a leading sugar manufacturer in Malaysia, is schedule to be listed in Main Market on 28th June 2011.
The Initial Public Offering (IPO) consists of 234.6 million ordinary shares at an IPO price of RM3.38 per share at RM0.50 par value. However, the final retail price will be equal to the 97% of the institutional price.
Out of 234.6 million shares, 206.4 million shares are offered to Malaysian and foreign institutional and selected investors and a retail offering of 28.1 million shares to the Malaysian public and employees of MSM Malaysia Holdings Berhad.
MSM Malaysia Holdings Berhad is a unit of Felda Groups and it is Malaysia’s dominant sugar producer controlling 70 per cent of the domestic market.
More information regarding the company can be found in MSM Malaysia Holdings webpage.
MSM Malaysia Holdings intends to pay 50 percent of profit after tax as dividend but it is subjected to board and shareholders approval. At an IPO price of RM3.38, the dividend yield is 4.90 percent or 16.56 sen based on 2010 figures.
The table below is financial summary for MSM Malaysia Holdings Bhd.
|FYE 2008||FYE 2009||FYE 2010|
|Profit after Tax (RM’000)||122,210||237,293||232,866|
|Earnings per Share (sen)||17.4||33.8||33.1|
|Price Earnings Ratio (x)||19.44||10.01||10.20|
CIMB Investment Bank Bhd is the Principal Adviser and Sole Global Co-Ordinator while Maybank Investment Bank, AmInvestment Bank, HwangDBS Investment Bank, MIDF Amanah Investment Bank, OSK Investment Bank, RHB Investment Bank are Joint Bookrunners for the Institutional Offering and Joint Managing Underwriters for the Retail Offering.
For those who are interested in MSM Malaysia Holdings IPO, you may subscribed at ATM machines or via Internet Banking. The subscription period is opened until 13th June 2011 at 5pm for retail offering and 14th June for institutional offering. Tentative balloting date is on 15th June while allotment date is on 24th June 2011.
View MSM Malaysia Holdings prospectus in Bursa Malaysia webpage.
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