SCH Group Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 13 million shares. It was oversubscribed by 67.93 times. The IPO attract 13,366 applications or 896 million shares.
Notices of Allotment will be dispatched by post to all successful applicants on or before 10th February 2014. SCH Group is expected to be listed on the Main Market of Bursa Malaysia on 13th February 2014 under stock name “SCH”.
Below are the allotment summary.
SCH Group Bhd, a Quarry industrial products company is scheduled to be listed in ACE Market of Bursa Malaysia on 13th February 2014.
The Initial Public Offering (IPO) consists of public issues of 90.7 million new ordinary shares and offer for sale of 33 million shares at an IPO price of RM0.23 per share and par value RM0.10.
Out of this, 13 million shares are allocated for application by Malaysian public and 13 million shares reserved for the eligible directors, employees and business associates or person contributed to the company. The remaining shares are for private placement.
There are many Stock Broker or also commonly known as Participating Organization, which licensed trading in Bursa Malaysia. The full list can be found in Bursa Malaysia website.
Regarding the trading statistic, in 2013, CIMB Investment Bank retained as the largest stock broker by trading value with 17.31 percent market share, up from 11.68 percent in 2012. On the other hand, the largest trading volume was RHB Investment Bank with 14.27 percent market share. RHB Investment Bank emerged as the largest trading volume after merging exercise with OSK Investment Bank on 13th April 2013.
Generally, in 2013, total trading values & volumes were higher when compare to 2012 by 16 & 29 percent respectively.
The table below shows top 15 largest stock broker’s trades in Bursa Malaysia in 2013 based on Trading Value and Trading Volume.
FORBES ASIA’s, select 200 out of 15,000 stock-traded companies in Asia-Pacific with revenues between $5 million and $1 billion based on the following criteria: five-year average return on equity and pretax margin greater than 10%, positive sales and earnings per share growth for both the most recent fiscal one and three-year periods, debt less than 75% of shareholders’ equity, and a trading history of at least on year. The final list of 200 is not ranked.
Out of the 200, only 52 repeated from last year, although a dozen others returned to the BUB (Best Under a Billion) from lists previous to that. Of the 2013 group, four companies namely Hartalega Holdings, Mudajaya Group, Philweb & YGSoft—share the mark for longest BUB, which is four years.
There are 12 Malaysia companies listed. The table below is the full list of Forbes Asia 200 Best Under A Billion for 2012.
IOI Properties Group Bhd, a property developer is scheduled to be listed in Main Market of Bursa Malaysia on 15th January 2014.
The Initial Public Offering (IPO) will be distributed in the following manner.