BTC USD 84,793.0 Gold USD 4,170.39
Time now: Jun 1, 12:00 AM

Initial Public Offering (IPO)

menakutkan tgk par value reach energy tu

SPAC ni company yg tiada track record lagi on business operation. cth yg ada sblm ni mcm Hibiscus, cliq, sona.

Main features of this IPO?
  • 94.75 per cent or RM710.62 million of the IPO proceeds will be placed in Islamic trust account namely Amanah Trustees. The remaining 5.25% will be used for operating expenses.
  • The warrants are tradable on listing date with an expiry date of 8 years after listing. The expiry date only 3 years if no Qualifying Acquisition made within 3 years.
  • The completion of the Qualifying Acquisition (QA) is within 3 years from the date of listing. If it fails to complete a QA within this time frame, the company will be liquidated and the amount held in trust account will be distributed to shareholders.
  • Reach Energy has locked in up to seven cornerstones namely pilgrim fund Lembaga Tabung Haji, CIMB Principal Asset Management, Hong Leong Asset Management and Malaysia’s infrastructure firm MTD Capital. However, the cornerstone investors are not subjected to a lock-up period.
  • The SPAC, led by Shahul Hamid Mohd Ismail who has 34 years of experience in the Oil & Gas Industry. He held many senior E&P roles in Esso, Shell and PDO.
  • The rest of Reach Energy management team have vast experience and relevant skills, who comes from SapuraCrest Petroleum, Petronas and Schlumberger
  • Reach Energy shares are Shariah-Compliant.
 
Doa2 malam ni agar esok Heng Huat kasi DUIT RAYA pada sume yg ada position. AMIN
 
Bersemangat semua cari duit raya bagi yg dpt IPO henghuat......
Semoga apa yg dihajati tercapai....
Tgh buat kira2 utk beli masa open market esok ni....
 
Bersemangat semua cari duit raya bagi yg dpt IPO henghuat......
Semoga apa yg dihajati tercapai....
Tgh buat kira2 utk beli masa open market esok ni....

dah lock price..tengoklah camna, tawakkal :)
 
Nak tau jgk mcmne lock price..tunjuk ajar ku sifu..hehe
sy ada hal pagi ni..dh mtk tlg wife usha bila open nanti
Tah boleh ke tak..haha
nasib je la..

high 0.62 low 0.59. Profit 30percent. Next ipo still bull trending
 
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