Titijaya Land Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 17 million shares. It was oversubscribed by 19.34 times. The IPO attract 20,674 applications or 345.7 million shares.
Pursuant to the terms of the Prospectus, 3.4 million shares initially reserved for application by Bumiputera investors approved by MITI were made available to the Bumiputera Public.
Notices of Allotment will be dispatched by post to all successful applicants on or before 26th November 2013. Titijaya Land is expected to be listed on the Main Market of Bursa Malaysia on 27th November 2013 under stock name “TITIJYA”.
Below are the allotment summary.
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Ever got frustrated with the way your child is spending money? Does your child appreciate and value money?
Unlike long division and gymnastics, personal finance is not properly covered under our school education curriculum, which leads to the questions above that every parent asks themselves at some point in their life. Even though parental wisdom has stood the test of time, it takes a bit more effort to teach a child about financial management principles.
The lack of financial education is not as severe as drugs addiction or other kind of bad habits but its long-term consequences could be quite severe. In the past, one job can feed a family, but now both parents also need to work hard and yet we still find it hard to afford a house. Your child could be one of the victims that will face the hardship of this competitive world if you do not act now. For you being silent regarding the matter of money and financial management education communicates that you think it is not important to value the money.
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Titijaya Land Bhd, a property developer is scheduled to be listed in Main Market of Bursa Malaysia on 27th November 2013.
The Initial Public Offering (IPO) consists of public issues of 81.7 million new ordinary shares and offer for sale of 49.5 million ordinary shares at an IPO price of RM1.50 per share.
Out of this, 17 million shares are allocated for application by Malaysian public and 6 million shares reserved for the eligible directors and eligible person who contribute to the company. The remaining shares are for private placement.
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Caring Pharmacy Group Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 10.9 million shares. It was oversubscribed by 33.66 times. The IPO attract 20,137 applications or 377.3 million shares.
Notices of Allotment will be dispatched by post to all successful applicants on or before 11th November 2013. Caring Pharmacy is expected to be listed on the Main Market of Bursa Malaysia on 13th November 2013 under stock name “CARING”.
Below are the allotment summary.
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DanaInfra Nasional Berhad is issuing second Retail Sukuk which will be listed and traded on Bursa Malaysia on 28th November 2013. The maiden Retail Sukuk raised RM300 million issued on Feb 8 this year recorded an over subscription rate of 1.61 times.
Size of the second DanaInfra Retail Sukuk is RM100 million with 15-year maturity date. The Sukuk is an infrastructure issuance to finance the capital expenditure and operating expenses in relation to the development of the MRT Project.
The profit rate for the second DanaInfra Retail Sukuk is 4.58 percent per year. Profit payment will be paid semi-annually and not taxable.
The table below is the key point of DanaInfra Retail Sukuk.
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