Ikhmas Jaya Group Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 26 million shares. It was oversubscribed by 8.16 times. The IPO attract 11,434 applications for 238.2 million shares.
Notices of Allotment will be dispatched by post to all successful applicants on or before 24th July 2015. Ikhmas Jaya Group Holdings is expected to be listed on the Main Market of Bursa Malaysia on 27th July 2015 under stock name “IKHMAS”.
Below are the allotment summary.
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Sunway Construction Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 51.7 million shares. It was oversubscribed by 2.66 times. The IPO attract 12,713 applications for 189.2 million shares. On the other hand, the 327.6 millions shares allocated to institutional investors oversubscribed by 4.6 times.
The Institutional Price was fixed at RM1.20 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM1.20 per Offer Share as set out in the prospectus. As such there is no refund to be made to successful retail applicants.
Below are the allotment summary.
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Ikhmas Jaya Group Bhd, a piling specialist company, is scheduled to be listed in Main Market of Bursa Malaysia on 27th July 2015.
The Initial Public Offering (IPO) consists of 126 million new ordinary shares and offer for sale of 56 million shares at an IPO price of RM0.57 per share at RM0.25 par value. 130 million shares will be for private placement & selected investors, 26 million shares to the Malaysian public and 26 million shares for eligible directors & employees of Ikhmas Jaya Group Berhad.
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Sunway Construction Group Bhd, the construction arm of Sunway Bhd, is scheduled to be listed in Main Market of Bursa Malaysia on 28th July 2015.
The Initial Public Offering (IPO) will involve distribution of 175 million shares to entitled Sunway Berhad shareholders on the basis of one for every 10 shares held, offer for sale of 327.6 million shares to Malaysian and foreign institutional and selected investors and retail offering of 71.1 million shares to eligible directors, employees and Malaysian public.
The retail price of the offering is RM1.20 per share at RM0.20 par value. The final retail price will be determine through book building exercise. If the final retail price is less than the retail price, there will be a refund to the retail investors.
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Econpile Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 27 million shares. It was oversubscribed by 35.4 times. The IPO attract 24,663 applications or 982.7 million shares.
Notices of Allotment will be dispatched by post to all successful applicants on or before 27th June 2014. Econpile Holdings is expected to be listed on the Main Market of Bursa Malaysia on 30th June 2014 under stock name “ECONBHD”.
Below are the allotment summary.
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