Hibiscus Petroleum Bhd, the first Special Purpose Acquisition Company (SPAC) to be listed in Main Market on 25th July 2011.
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 400 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. 10 million shares are offered to Malaysian public.
The warrants will be listed and tradable from the date of listing, with an exercise price at a discount of approximately 33% to the issue price of RM0.75 per share.
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Catcha Media Bhd, a media owner and operator of a business magazine and online media is schedule to be listed in ACE Market on 22nd July 2011.
The IPO consists of public issue of 44 million ordinary shares at an IPO price of RM0.75 per share with RM0.10 par value. Out of this, 3 million shares are allocated to Malaysian public while 41 millions are for private placement to identified investors.
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PeterLabs Holdings Bhd, a manufacturer, distributor and trader of animal health and nutrition products is schedule to be listed in ACE Market on 26th July 2011.
The IPO consists of public issue of 50.9 million ordinary shares at an IPO price of RM0.30 per share with RM0.10 par value. Out of this, 15 million shares are allocated to Malaysian public while 39.5 millions of existing shares are for sale to identified investors.
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Inari Bhd, an electronic manufacturing services provider is schedule to be listed in ACE Market on 19th July 2011.
The IPO consists of public issue of 83 million new ordinary shares at an IPO price of RM0.38 per share with RM0.10 par value.
Out of this, 10 million shares are allocated to Malaysian public. The rest are allocated to identified investors and eligible directors, employess and person who contributed to Inari Berhad.
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Prestariang Bhd, an information and communications technology (ICT) training and certification provider is schedule to be listed in Main Market on 27th July 2011.
The IPO consists of public issue of 99 million ordinary shares at an IPO price of RM0.90 per share with RM0.10 par value.
Out of this, 8 million shares are allocated to Malaysian public. The rest are allocated to identified investors and eligible directors, employess and person who contributed to Prestariang Berhad.
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