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Initial Public Offering (IPO)

Reach Energy Berhad IPO & ICON Offshore Bhd

Ada duit semua jadi..yg kaya, semakin kaya :)

Dear Valued Client

Reach Energy Berhad IPO (SPAC)

Kindly indicate your interest for the private placement and email to xxx by 20 May (Tuedsay)

Minimum subscription : RM250,000
Placement fee : 1%

Public Issue : 1,000,000,000 New Ordinary Shares together with 1,000,000,000 FREE warrants representing approximately 78.26% of issued and paid up ordinary share capital at an issue price RM0.75
Listing : Main Market
Fundraising size : RM750 mil.

Warrants
Issue size : 1,277,822,255 Warrants
Expiry Date : a) 5:00 pm on the 8th anniversary of the date of Listing if the completion of Qualifying Acquisition takes place within the Permitted Timeframe ; or
b) 5:00 pm on the 3rd anniversary of the date of Listing if the completion of Qualifying Acquisition does not take place within the Permitted Timeframe
Exercise price : RM0.75

SPACs are companies which have no operations or income-generating business at the point of IPO but undertake the listing for the purpose of raising funds to acquire businesses or assets, otherwise known as the qualifying acquisition (QA). The previous three SPACS - Sona Petroleum Bhd, Cliq Energy Bhd and Hibiscus Petroleum Bhd - raised RM550 mil, RM364 mil and RM235 mil respectively (cited from The Star http://www.thestar.com.my/Business/...each-Energy-IPO-to-be-the-largest-for-a-SPAC/)

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2) ICON Offshore Bhd IPO (Cornerstone Bid)
Icon Offshore Berhad is a progressive, offshore supply vessel (OSV) company.
Indicative Price : RM1.68
Listing : Main Market


Ekuiti Nasional Bhd's (Ekuinas) Icon Offshore, which is reportedly raising some RM450 mil from its IPO, is offering 510.77 million shares of 50 sen each, which represent approximately 43.39% of its enlarged issued and paid-up share capital. (cited from The Star http://www.thestar.com.my/Business/...eeping-an-eye-on-Icon-Offshore-IPO-valuation/)

Kindly indicate your interest for the private placement and email to xxx by 28 May (Wednesday)

i) Mininum investment of RM200,000
ii) 2% upfront fee on the investment value
iii) Moratorium of 6 months which will be held by Maybank Asset Management, thereafter, shares to be transferred to individual CDS accounts (i.e. you cannot sell from listing date until the end of 6th month)

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mcm mana nak apply saham miti? wa ada akaun miti sahamonline. tkasih.;

kena buka website miti bro untuk nak apply saham miti

n kena daftar online untuk membolehkan bro layak untuk apply saham miti dan kena ada akaun cds

harap membantu...:):D
 
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