Initial Public Offering (IPO)

[Dafinah]

Hiap Huat gets nod for listing on ACE
Published: 2012/10/16

KUALA LUMPUR: Waste oil recycler Hiap Huat Holdings Bhd has received approvals from the authorities for its proposed listing exercise.

The company is expected to be listed on the ACE Market of Bursa Malaysia in the fourth quarter of this year.

Hiap Huat has appointed Hong Leong Investment Bank Bhd as the principal adviser, sponsor, underwriter and placement agent for the listing exercise.

Its independent non-executive chairman Zulkifly Zakaria said the approval for the listing came at an opportune time as the company is going through an expansion phase.

"It is a crucial first step in re-enforcing the group's position as a major player in the waste oil recycling industry. We view this approval as a testament to the group's growth potential," he said in a statement.

Hiap Huat's principal activity is in the niche business of collecting, recycling, re-refining and producing recycled products.

The group stores, treats and recycles waste collected from industrial and commercial establishments before formulating them into end products that are ready to be used by end consumers.

The group's recycled end products derived mainly from its recycling and recovery process are sold under the "AF1", "Top Up", "NEKKO", "Cap Rumah" and "Flag" brand names.

Zulkifly said funds raised from this listing exercise will be used to bring the group to greater heights as a licensed waste oil recycler.

"We hope that our initial public offering (IPO) exercise will be able to bring our investors long-term gain and well deserved returns," he added.

Read more: Hiap Huat gets nod for listing on ACE http://www.btimes.com.my/Current_News/BTIMES/articles/15HAIP/Article/#ixzz29iIG8tPR

Waahhh... hiap huat pun listed... they are one of my supplier... always look down at them.. but their service and price are very competitive...

 

[monreyes]

volume tinggi sangat...tu yg slow..

tambah2 lak ujan semalam....

 

[farhansz]

Waahhh... hiap huat pun listed... they are one of my supplier... always look down at them.. but their service and price are very competitive...

Salam,

ada quota miti tak nie...

 

[remy_76]

makin slow harga shares suma ni
wait dk election nt br naik mencanak

regards

 

[-SyaDa-]

makin slow harga shares suma ni
wait dk election nt br naik mencanak

regards

bro remy mesti byk invest ni...

 

[aiman27]

astro listed today.. tp price movement sgt tak cantik.. highest at 9:45AM 3.05 jerr (from offer price 3.00)

byk paper xbagi tumpuan pd astro, news pun xjmpa psl penyenaraian di bursa.. even dlm local newspaper today pun xde berita psl astro..

yg pasti slalu ade dlm berita ch astro... rtm n media prima pn kurg sentuh psl ipo astro..seteru depa ni..

 

[zamans98]

ASTRO = ASTERUK la.

Mcm harem.

 

[twisterz]

ASTRO = ASTERUK la.

Mcm harem.

ada sesiapa dh dpt margin call ke? utk loan.

 

[giler_gadget]

ada sesiapa dh dpt margin call ke? utk loan.

ada, pagi tadi.. dia mntk tmbh duit. (

 

[twisterz]

ada, pagi tadi.. dia mntk tmbh duit. (

so? tuan tambah ke? force sale harga braps? just nk tau je..aku x apply pun..