Matrix Concepts Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 10 million shares. It was oversubscribed by 11.32 times. The IPO attract 12,043 applications or 123.2 million shares.
Below are the allotment summary.
Leon Fuat Holdings Bhd, a company involved in the trading and processing of steel products is scheduled to be listed in Main Market of Bursa Malaysia on 5th June 2013.
The Initial Public Offering (IPO) consists of public issues of 59.31 million new ordinary shares and offer for sale of 31 million ordinary shares at an IPO price of RM0.60 per share and RM0.50 par value.
Out of this, 15.5 million shares are allocated for application by Malaysian public and 10 million shares reserved for the eligible directors, employees & person who contributed to the company. The remaining shares are for private placement.
With Malaysia’s booming economy and globalization, there is an influx of expatriates from various countries to our country. Georgetown is rapidly becoming an expatriate hub for its highly industrialized economy. To date, Penang has drawn numerous MNC companies into investing in the state comprising Dell, Intel, Motorola, Altera, Seagate (to name a few) centered in Bayan Lepas Industrial Zone area.
Due to the large number of MNC companies, it creates a huge demand in the market for serviced apartment among expatriates on work-affiliated assignments seeking for short stay. This causes undersupply issue with the inventory shortage on that aspect. Therefore, service apartment or short term rental is generating higher rental income when compared to rent from residential property.
Matrix Concepts Holdings Bhd, a property developer based in Negeri Sembilan is scheduled to be listed in Main Market of Bursa Malaysia on 28th May 2013.
The Initial Public Offering (IPO) consists of public issues of 62.5 million new ordinary shares and offer for sale of 37.5 million ordinary shares at an IPO price of RM2.20 per share and RM1.00 par value.
Out of this, 10 million shares are allocated for application by Malaysian public, 8.8 million shares reserved for the eligible directors and employees. The remaining shares are for private placement.
In early April 2013, iProperty.com, the number 1 property website in Malaysia conducted a survey through their website. The survey aimed to gather information from Malaysian Property Hunters / Searches on their needs from the new government that will form after the 13th General Election.
The survey which was conducted in between 12th to 16th April 2013 with the title “Will the upcoming General Elections affect the real estate market?”. It manage to attract 2275 property hunters & searchers throughout Malaysia.
Generally, most Property Hunters / Searches in Malaysia want the government to curb the rising of the property price. The full outcome of the survey can be easily read from the infographic below.