Ranhill Energy and Resources Berhad IPO


RanhillRanhill Energy and Resources Berhad, a energy and water company is scheduled to be listed in Main Market of Bursa Malaysia on the 31st July 2013.

The Initial Public Offering (IPO) consists of 407 million shares at an indicative IPO price of RM1.85 per share at RM1.00 par value. Out of these, 328.7 million shares will be offered to institutional investors, while 78.3 million shares will be offered to retail investors including eligible directors, employees & Malaysian public.

The institutional price will be determined by way of book building while for the retail application, it is payable at RM1.85 upon application. If the final retail price is lower, the difference will be refunded accordingly.

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ABM Fujiya Berhad IPO


ABM FujiyaABM Fujiya Bhd, a automotive battery manufacturer based in Kuching, Sarawak is scheduled to be listed in Main Market of Bursa Malaysia on 23rd July 2013.

The Initial Public Offering (IPO) consists of public issues of 23 million new ordinary shares and offer for sale of 9 million ordinary shares at an IPO price of RM0.60 per share and RM0.50 par value.

Out of this, 10.5 million shares are allocated for application by Malaysian public and 4.5 million shares reserved for the eligible directors, employees & business associates. The remaining shares are for private placement.

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Breaking the Myth of Gold as the Ultimate Store of Wealth

GoldIn this article, we shall discuss the over-hyped claim that gold is the ultimate store of wealth.  Gold is accorded such esteemed honors freely, but where are the facts? Is it true that gold’s value would protect its holders from the ravages of inflation? Is it true that our wealth, our hard work and sweat as it’s often called, can be stored ‘inside’ a piece of yellow metal?

The yellow metal is often hyped as very stable in value, but is there any truth to it? Take a look at the value of gold, priced in US Dollars below.

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ASN 2 Unitholders Get 7.1 sen Dividend for 2013

ASN2Amanah Saham Nasional 2 unit holders will receive a of 7.10 sen per unit for Amanah Saham Nasional 2 ( ASN 2) for the financial year ended 30 June 2013. The figure is 0.6 sen higher when compared with 6.5 sen per declared last year & the highest payout for the past 13 years since 2001

Kindly refer to “Historical Amanah Saham Nasional 2 (ASN2) Dividend Rate” page, for previous year dividend.

The dividend will involve a payment of RM12.61 million which will benefit 8,483 unit holders who subscribe to 183 million units.

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AirAsia X IPO Oversubscribed by 3.83 times

AirAsia XAirAsia X Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 161.14 million shares. It was oversubscribed by 3.83  times. The IPO attract 38,975 applications or 575 million shares.

The Institutional Price was fixed at RM1.25 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM1.25 per Offer Share. The difference of RM0.20 per IPO Share will be despatched to successful retail applicants within 10 market days from 24th June 2013.

Below are the allotment summary.

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