Initial Public Offering (IPO)

[2bz4money]

Published: Monday July 7, 2014 MYT 5:13:00 PM
Updated: Monday July 7, 2014 MYT 5:15:52 PM
Tanah Makmur's 20m shares for public oversubscribed

KUALA LUMPUR: Plantations and property-based Tanah Makmur Bhd's offer of 20 million shares to the public at RM1.25 each was oversubscribed 14.45 times.

The company, which is seeking to list on the Main Market of Bursa Malaysia, said on Monday there were 16,828 applications for 309.02 million shares from the Malaysian public.

Under the IPO, another 75.18 million shares were placed out and 6.41 million shares offered to eligible directors and employees.

The listing exercise involved the public issue of 52.14 million new shares and an offer for sale of 49.45 million existing shares. A total of RM127mil was raised, of which RM65.2mil would be for Tanah Makmur and RM61.8mil for the vendors.

Tanah Makmur managing director Tengku Datuk Zubir Tengku Ubaidillah, when commenting on the oversubscription, said this reflected the level of confidence the market has towards the group's fundamentals and the growth prospects of the oil palm plantation and Pahang's property development industries.

CIMB Investment Bank is the principal adviser, sole placement agent, managing underwriter and joint underwriter for the IPO. Kenanga Investment Bank Bhd is the joint underwriter for the IPO.

Out of listing proceeds of RM65.2mil, Tanah Makmur would use RM28.5mil (44%) to develop its plantations while RM5mil (8%) would be used for the palm oil mill, RM13.0mil (20%) for infrastructure of the KotaSAS Township, RM13.1mil (20%) for repayment of bank borrowings and RM5.6mil (8%) for listing expenses.

Its market capitalisation upon listing would be RM497.70 million. Tanah Makmur is expected to be listed on July 17.

It has about 17,969 ha of plantation land in Pahang, comprising 11,633 ha that the group owns and 6,336 ha that is leased.

It operates a palm oil mill with a capacity to process up to 30 tons of fresh fruit bunch per hour.

Under its property development business, Tanah Makmur KotaSAS, is involved in developing the remaining land of the KotaSAS Township project in Kuantan.

Check status eIPO pagi ni, dua2 x sangkut. so tunggu refund je..Tahniah bagi yg berjaya.

 

[moraz]

Pukat yg ditadah akhirnya mengena @RM1.70 @ 7/7/14, saham BJFOOD hasil eIPO tahun 2011 akhirnya kulepaskan dgn ROI 333.33%. Alhamdulillah, simpan peluru utk IPO yg akan datang..paid

Tuan 2bz4money, berapa lot tuan jual?

 

[2bz4money]

Tuan 2bz4money, berapa lot tuan jual?

ckit je 11500 unit

 

[moraz]

Wow! banyak tu...beli melalui MITI @ EIPO?

 

[2bz4money]

Wow! banyak tu...beli melalui MITI @ EIPO?

dpt via eIPO..

 

[mercunpadi]

ipo boustead plantation ni nampak gaya kena simpan lama dari jangkaan

 

[moraz]

dpt via eIPO..

Tuan 2bz4money terima kasih share info.

 

[couchcorp]

Para Otai IPO semua,

Sasbadi ni berapa TP /fair value dia eh??
dh ada reserach house mana2 keluarkan ke?

 

[2bz4money]

ipo boustead plantation ni nampak gaya kena simpan lama dari jangkaan

Pilihan tuan, makan dividen jadikan pekasam atau jual cut loss utk cari potensi baru..

p/s: dilema pelabur, mudah masuk tapi sukar keluar.

 

[Viper]

Baru dapat refund balik..tak dapat Tanah Makmur

Try Heng Huat ..pulak