In general sense, people purchase property for the purpose of owner occupancy or investment. They are known as “home owners” and “property investors”. In this article, we shall take a closer look at the core differences between these two types of property buyers and the strategies that best catered them. It’s important for you to identify the category you fall into, before purchasing property.
In layman term, “homeowner” refers to people who buy property to live in (and not to rent it out). They consist of people who have the intention to stay in their property for long-term (longer than 10 years) with emotionally driven purchases. On the other hand, “property investor” refers to people namely landlord or property buyers keen on resale. These property investors usually do not reside in the property they purchase and if they do, it will not be long before they re-sell it once prices peak in the short-term (less than 5 years). They are normally more focused on profit above all, without being emotionally driven.There are a range of factors for property owners and home-owners to tackle differently.
Sona Petroleum Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 141 million shares. It was oversubscribed by 5.97 times. The IPO attract 24,035 applications or 842.27 million shares.
Notices of Allotment will be dispatched by post to all successful applicants on or before 29th July 2013. Sona Petroleum is expected to be listed on the Main Market of Bursa Malaysia on 30th July 2013 under stock name “SONA”.
Below are the allotment summary.
Ranhill Energy and Resources Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 19.2 million shares. It was oversubscribed by 12.98 times. The IPO attract 21,840 applications or 268.97 million shares.
The Institutional Price was fixed at RM1.85 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM1.85 per Offer Share as set out in the prospectus. As such there is no refund to be made to successful retail applicants.
Below are the allotment summary.
ABM Fujiya Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 10.5 million shares. It was oversubscribed by 9.77 times. The IPO attract 6,167 applications or 113 million shares.
Notices of Allotment will be dispatched by post to all successful applicants on or before 22nd July 2013. ABM Fujiya is expected to be listed on the Main Market of Bursa Malaysia on 23rd July 2013 under stock name “AFUJIYA”.
Details information are available in Bursa Malaysia webpage.
Sona Petroleum Bhd, the third Special Purpose Acquisition Company (SPAC) after Hibiscus Petroleum and CLIQ Energy is scheduled to be listed in Main Market on 30th July 2013. Similar to previous SPACs Sona Petroleum will be involved in Exploration and Production activities in Oil & Gas but Sona Petroleum will be the largest.
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 1.1 billion 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 141 million shares with 141 million free warrants made available for application by the Malaysian public via balloting.