CLIQ Energy Berhad Initial Public Offering (IPO) received an good response with its public portion of 10 million shares. It was oversubscribed by 7.34 times. The IPO attract 4,111 applications or 83.42 million shares.
A total of 402.4 million were being place out by way of placement to selected investors. In addition, 73.42 million from private placement portion transferred to retail portion. As such, 73.42 million shares were made available for retail portion and all retails applicants will received the exact number of shares that they apply.
Notices of Allotment will be dispatched by post to all successful applicants on or before 9th April 2013. CLIQ Energy is expected to be listed on the Main Market of Bursa Malaysia on 10th April 2013 under stock name “CLIQ”.
Details information are available in Bursa Malaysia webpage.
A prerequisite for trading the forex market is the ability to read a currency chart. In this article we cover the basics of forex charts – what the chart measures and what it can reveal about the relative strength of a currency.
The Basics
To begin, a chart is simply a historical representation of the price of a security over a given period of time. Simply put, a chart shows how price of the currency (reflected on the vertical axis) has fluctuated over time (captured on the horizontal axis).
Let us take the example of a EUR USD chart to make this more specific. Remember, currencies trade in pairs so the exchange rate reflects how many dollars can be purchased with one euro. The current exchange rate is roughly 1.29, which means each euro is worth 1.29 dollars.
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Similar to previous years, this is the time where we have to prepare and submit individual income tax return form to IRB. For 2012, the last date to submit the individual income tax return form is on the 30th April 2013 for individual without business income. The date for individual with business income is on 30th June 2013.
Any delay is subjected to penalty as below;
Any tax due and payable but has not been paid by the taxpayer by the due date shall be increased by 10% and any balance remaining unpaid upon the expiration of 60 days from the due date shall be further increased by 5% of the balance unpaid.
If you are not sure what are tax exemption, rates, reliefs and rebates, you can read here.
Which form to fill in?
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CLIQ Energy Bhd, the second Special Purpose Acquisition Company (SPAC) after Hibiscus Petroleum is scheduled to be listed in Main Market on 10th April 2013. CLIQ Energy will be involved in Exploration and Production activities in Oil & Gas.
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) consists of 200 to 667 million ordinary shares at an IPO price of RM0.75 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 10 million shares with 10 million free warrants made available for application by the Malaysian public via balloting
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If you are buying an under construction sub-divided building (Strata) or town villa type property directly from the developer, the payments to the developers will be based on the construction progress of the said property. Buyer (or the lender) is required to pay progressive payment (mostly within 21 days) once the construction milestones achieved & approved by the architect.
The payment milestone is very much similar to Progressive Payment Schedule for Landed Property except for a few items.
Take notes that after the purchaser takes the vacant possession (buyer is able to stay in the property), there is still 5 percent of the total purchase price being held. This amount will be paid to the property developer in two stages, 2.5% each after 6 months and 18 months after the date the purchaser takes vacant possessions.
The table below is the progressive payment schedule for sub-divided building (Strata) or town villa type property. This schedule also appeared in Schedule 3 of Sales & Purchase Agreement.
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