Rhone Ma Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 8.3 million shares. It was oversubscribed by 22.46 times. The IPO attract 6,784 applications for 194.75 million shares.
Notices of Allotment will be dispatched by post to all successful applicants on or before 16th December 2016. Rhone Ma Holdings Berhad is expected to be listed on the Main Market of Bursa Malaysia on 19th December 2016 under stock name “RHONEMA”.
Below are the allotment summary.
Rhone Ma Holdings Berhad, a company which is involved in end-to-end animal health solution services and supply of food ingredients is scheduled to be listed in Main Market of Bursa Malaysia on the 19th December 2016.
The Initial Public Offering (IPO) consists of 42.122 million new ordinary shares at an IPO price of RM0.75 per share at RM0.50 par value. 26 million shares will be for private placement & selected investors, 8.3 million shares made available for Malaysian Public and the remaining 7.822 million shares made available to the eligible directors and employees of Rhone Ma Holdings Berhad.
Many has turned to property investment especially after hearing all the amazing stories of how people gone from rags to riches for having the Midas touch when it comes to prospecting the right property for investment.
From the first decision to invest in property to actual shopping for an income property, there is a lot of work to be done. It’s definitely a daunting task for the first-time investor and it could be a tough business as buying a property is probably one of the biggest financial moves in life. Before we jump ahead of ourselves, there are certainly a number of things that we should keep in mind and if followed aptly, many errors can be avoided. Of course, taking assistance from a well-informed person can prove a great support. Just to fulfill this requirement are the real estate agents and a really handy tool like PropertyGuru in search of property for sale.
BCM Alliance Berhad, a distributor of laundry equipment and medical devices is scheduled to be listed in ACE Market of Bursa Malaysia on the 24th October 2016.
The Initial Public Offering (IPO) consists of 84.25 million new ordinary shares and offer for sale 42.125 million shares at an IPO price of RM0.19 per share at RM0.05 par value. 95.375 million shares will be for private placement & selected investors, 22 million shares made available for Malaysian Public and the remaining 9 million shares made available to the eligible directors and employees of BCM Alliance Berhad.
The Companies Bill 2015 was passed in both houses of Parliament in April 2016 and is expected to come into force soon . It is important for you to keep updated with the changes and impact of the NEW Companies Act.
A few changes under the NEW Companies Act that will impact business are