Sona Petroleum Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 141 million shares. It was oversubscribed by 5.97 times. The IPO attract 24,035 applications or 842.27 million shares.
Notices of Allotment will be dispatched by post to all successful applicants on or before 29th July 2013. Sona Petroleum is expected to be listed on the Main Market of Bursa Malaysia on 30th July 2013 under stock name “SONA”.
Below are the allotment summary.
Sona Petroleum Bhd, the third Special Purpose Acquisition Company (SPAC) after Hibiscus Petroleum and CLIQ Energy is scheduled to be listed in Main Market on 30th July 2013. Similar to previous SPACs Sona Petroleum will be involved in Exploration and Production activities in Oil & Gas but Sona Petroleum will be the largest.
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) of up to 1.1 billion ordinary shares at an IPO price of RM0.50 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 141 million shares with 141 million free warrants made available for application by the Malaysian public via balloting.
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.
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
The impending general election may be wrong-footing stock market investors due to uncertainty concerns. But if you are one of those banking on the current administration staying in power, there are some stocks that are worth taking a bet on.
These are companies that are doing well but which also have a political flavour one way or the other. These could be in the form of government contracts, shareholdings or just personalities involved in their key management or ownership.
The table below is eight stocks to keep on your radar.