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
Tune Ins Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 37.6 million shares. It was oversubscribed by 2.07 times. The IPO attract 8,366 applications or 115.4 million shares.
The Institutional Price was fixed at RM1.35 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM1.35 per Offer Share. The difference of RM0.20 per IPO Share will be dispatched to successful retail applicants within 10 market days from 7th February 2013.
Below are the allotment summary.
Tune Ins Holdings Bhd, an insurance products manager is scheduled to be listed in Main Market of Bursa Malaysia on 22nd February 2013.
The Initial Public Offering (IPO) consists of public issues of 143.37 million new ordinary shares and offer for sale of 66.85 million ordinary shares at an IPO price of RM1.55 per share at RM0.10 par value.
The institutional price will be determined by way of book building while for the retail application, RM1.55 is payable upon application. If the final retail price is lower, the difference will be refunded.
Out of this, 41.36 million shares allocated for application by Malaysian public, to eligible directors, employees and persons who have contributed to Tune Ins Holdings. The remaining shares are for institutional investors.
ELK-Desa Resources Bhd, one of the major independent hire-purchase financiers for used motor vehicles
is scheduled to be listed in Main Market of Bursa Malaysia on 18th December 2012.
The Initial Public Offering (IPO) consists of public issues of 25 million new ordinary shares at an IPO price of RM1.16 per share at RM1.00 par value.
Out of 25 million shares, 15.6 million shares allocated for Bumiputera investor approved by MITI, 4.9 million shares for application by Malaysian public and the remaining 4.5 million shares are made available to eligible employees of Unico-Desa, ELK-Desa Resources and subsidiaries.
Hiap Huat Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 5 million shares. It was oversubscribed by 136.10 times. The IPO attract 10,263 applications or 685.5 million shares.
The IPO allocate 5 million shares for Malaysian public. In addition, 130 million shares made available for private placement has been placed out.
Below are the allotment summary.