2bz4money
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mcm mana bro buat pilihan pasukan bolasepak mana yg bakal menang games?
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Time now:
Jun 1, 12:00 AM
Initial Public Offering (IPO)
- Thread starter 2bz4money
- Start date
mcm mana bro buat pilihan pasukan bolasepak mana yg bakal menang games?
Berkias pula Tuan 2bz4money.
2bz4money
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mie_amour
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Sy masih simpan reach mak..anak sy da jual..tp mc lamaaaaaaa je kene perammm
Reach WA dah letgo 25sen
Letgo 25sen semalam ke? Saya masih simpan lagi Reach WA.
ALA LUMPUR, Aug 15 — Reach Energy Bhd, set up by veterans in Malaysia’s oil and gas industry, made its market debut in Kuala Lumpur today after completing the country’s largest-ever initial public offering by a special purpose acquisition company (SPAC).
The RM750 million (US$236.44 million) IPO exceeded the initial share sales by other local SPACs such as Sona Petroleum Bhd and Cliq Energy Bhd, which raised between US$100 million and US$150 million last year.
Reach Energy, which has no existing assets, is looking to acquire firms in both the exploration and production segments of Asia’s oil and gas sector, following in the footsteps of Hibiscus Petroleum, Sona Petroleum and Cliq Energy.
SPACs, common in the West but still rare in Asia, attract investors who hope a team of experienced industry executives can translate seed money into profits down the road. They are also drawn to bonus giveaways such as warrants attached to shares bought during IPOs.
But there are risks unique to SPACs.
In the United States, half of the SPACs launched in the past decade have failed to complete an actual acquisition and posted negative annual returns, according to data from research firm SPAC Analytics.
Malaysia late last year tightened rules on SPACs to assure investors their money will be secure in the months or years that such shell companies might take to find an income-generating asset.
People in the industry say only the best of SPACs have made it to the market in Malaysia, owing to the strict rules set on them. Regulators have rejected a number of applications, for firms ranging from palm oil to healthcare, as their management teams lack a track record and the ability to generate returns for shareholders, a source told Reuters.
Malaysia’s Securities Commission said in December that SPAC funds from an IPO must not be used to pay remuneration for the management team until an asset acquisition is completed. The company’s management also cannot sell their shares in the SPAC until assets are generating income.
The firm’s management, whose experience and track record must fall in line with the SPAC’s objectives, must hold at least a 10 per cent stake to ensure a “meaningful financial participation”.
Reach Energy is led by Managing Director and Chief Executive Officer Shahul Hamid, who has had senior roles at Esso, Shell and Petroleum Development Oman (PDO). Other top officials include former staff from Petronas, Schlumberger and Sime Darby.
According to Reach Energy’s IPO prospectus, Malaysia’s pilgrimage fund Lembaga Tabung Haji, CIMB-Principal Asset Management Bhd, and Hong Leong Asset Management are among the cornerstone investors in the sharia-compliant company.
“This is seen as the safest SPAC to date, because it is the first one to genuinely attract institutional attention here,” said a banker who was involved in the Reach Energy IPO.
Shares of Reach Energy fell 6.7 per cent to 70 sen as of 0330 GMT, down from its offer price of 75 sen per share. The stock dropped as much as 8 per cent to 69 sen.
SPACs in Malaysia
Hibiscus Petroleum — the first SPAC in Malaysia and Southeast Asia — bought a 35 per cent stake in Norway’s Lime Petroleum over two years ago.
The purchase has earned Hibiscus Petroleum a positive cash flow, after the company spent nearly two years in the red. But it will need more acquisitions to go beyond the RM9 million to RM12.6 million it has seen in net income in recent quarters, according to industry observers.
The company, whose top officials have worked with global industry giants such as Chevron, Murphy Oil, Schlumberger and ExxonMobil, aims to build an asset portfolio strong enough to support dividend payments while funding newer ventures that are still in a risky phase.
Sona Petroleum made its first acquisition with a 40 per cent stake in oil and gas blocks from London-listed Salamander Energy Plc for US$280 million (RM890 million).
It targets exploration and production assets in Asia, the Middle East and Africa, according to the company’s website. Meanwhile, Cliq Energy has short-listed two potential acquisitions and is currently awaiting regulatory approval.
Shares of Hibiscus Petroleum have gained 65 per cent since the company’s IPO, while Cliq Energy has risen 10 per cent and Sona Petroleum 25.6 per cent since their respective entries. — Reuters
- See more at: http://www.themalaymailonline.com/m...tite-for-malaysian-spacs#sthash.9jxR46pw.dpuf
The RM750 million (US$236.44 million) IPO exceeded the initial share sales by other local SPACs such as Sona Petroleum Bhd and Cliq Energy Bhd, which raised between US$100 million and US$150 million last year.
Reach Energy, which has no existing assets, is looking to acquire firms in both the exploration and production segments of Asia’s oil and gas sector, following in the footsteps of Hibiscus Petroleum, Sona Petroleum and Cliq Energy.
SPACs, common in the West but still rare in Asia, attract investors who hope a team of experienced industry executives can translate seed money into profits down the road. They are also drawn to bonus giveaways such as warrants attached to shares bought during IPOs.
But there are risks unique to SPACs.
In the United States, half of the SPACs launched in the past decade have failed to complete an actual acquisition and posted negative annual returns, according to data from research firm SPAC Analytics.
Malaysia late last year tightened rules on SPACs to assure investors their money will be secure in the months or years that such shell companies might take to find an income-generating asset.
People in the industry say only the best of SPACs have made it to the market in Malaysia, owing to the strict rules set on them. Regulators have rejected a number of applications, for firms ranging from palm oil to healthcare, as their management teams lack a track record and the ability to generate returns for shareholders, a source told Reuters.
Malaysia’s Securities Commission said in December that SPAC funds from an IPO must not be used to pay remuneration for the management team until an asset acquisition is completed. The company’s management also cannot sell their shares in the SPAC until assets are generating income.
The firm’s management, whose experience and track record must fall in line with the SPAC’s objectives, must hold at least a 10 per cent stake to ensure a “meaningful financial participation”.
Reach Energy is led by Managing Director and Chief Executive Officer Shahul Hamid, who has had senior roles at Esso, Shell and Petroleum Development Oman (PDO). Other top officials include former staff from Petronas, Schlumberger and Sime Darby.
According to Reach Energy’s IPO prospectus, Malaysia’s pilgrimage fund Lembaga Tabung Haji, CIMB-Principal Asset Management Bhd, and Hong Leong Asset Management are among the cornerstone investors in the sharia-compliant company.
“This is seen as the safest SPAC to date, because it is the first one to genuinely attract institutional attention here,” said a banker who was involved in the Reach Energy IPO.
Shares of Reach Energy fell 6.7 per cent to 70 sen as of 0330 GMT, down from its offer price of 75 sen per share. The stock dropped as much as 8 per cent to 69 sen.
SPACs in Malaysia
Hibiscus Petroleum — the first SPAC in Malaysia and Southeast Asia — bought a 35 per cent stake in Norway’s Lime Petroleum over two years ago.
The purchase has earned Hibiscus Petroleum a positive cash flow, after the company spent nearly two years in the red. But it will need more acquisitions to go beyond the RM9 million to RM12.6 million it has seen in net income in recent quarters, according to industry observers.
The company, whose top officials have worked with global industry giants such as Chevron, Murphy Oil, Schlumberger and ExxonMobil, aims to build an asset portfolio strong enough to support dividend payments while funding newer ventures that are still in a risky phase.
Sona Petroleum made its first acquisition with a 40 per cent stake in oil and gas blocks from London-listed Salamander Energy Plc for US$280 million (RM890 million).
It targets exploration and production assets in Asia, the Middle East and Africa, according to the company’s website. Meanwhile, Cliq Energy has short-listed two potential acquisitions and is currently awaiting regulatory approval.
Shares of Hibiscus Petroleum have gained 65 per cent since the company’s IPO, while Cliq Energy has risen 10 per cent and Sona Petroleum 25.6 per cent since their respective entries. — Reuters
- See more at: http://www.themalaymailonline.com/m...tite-for-malaysian-spacs#sthash.9jxR46pw.dpuf
ALA LUMPUR, Aug 15 — Reach Energy Bhd, set up by veterans in Malaysia’s oil and gas industry, made its market debut in Kuala Lumpur today after completing the country’s largest-ever initial public offering by a special purpose acquisition company (SPAC).
The RM750 million (US$236.44 million) IPO exceeded the initial share sales by other local SPACs such as Sona Petroleum Bhd and Cliq Energy Bhd, which raised between US$100 million and US$150 million last year.
Reach Energy, which has no existing assets, is looking to acquire firms in both the exploration and production segments of Asia’s oil and gas sector, following in the footsteps of Hibiscus Petroleum, Sona Petroleum and Cliq Energy.
SPACs, common in the West but still rare in Asia, attract investors who hope a team of experienced industry executives can translate seed money into profits down the road. They are also drawn to bonus giveaways such as warrants attached to shares bought during IPOs.
But there are risks unique to SPACs.
In the United States, half of the SPACs launched in the past decade have failed to complete an actual acquisition and posted negative annual returns, according to data from research firm SPAC Analytics.
Malaysia late last year tightened rules on SPACs to assure investors their money will be secure in the months or years that such shell companies might take to find an income-generating asset.
People in the industry say only the best of SPACs have made it to the market in Malaysia, owing to the strict rules set on them. Regulators have rejected a number of applications, for firms ranging from palm oil to healthcare, as their management teams lack a track record and the ability to generate returns for shareholders, a source told Reuters.
Malaysia’s Securities Commission said in December that SPAC funds from an IPO must not be used to pay remuneration for the management team until an asset acquisition is completed. The company’s management also cannot sell their shares in the SPAC until assets are generating income.
The firm’s management, whose experience and track record must fall in line with the SPAC’s objectives, must hold at least a 10 per cent stake to ensure a “meaningful financial participation”.
Reach Energy is led by Managing Director and Chief Executive Officer Shahul Hamid, who has had senior roles at Esso, Shell and Petroleum Development Oman (PDO). Other top officials include former staff from Petronas, Schlumberger and Sime Darby.
According to Reach Energy’s IPO prospectus, Malaysia’s pilgrimage fund Lembaga Tabung Haji, CIMB-Principal Asset Management Bhd, and Hong Leong Asset Management are among the cornerstone investors in the sharia-compliant company.
“This is seen as the safest SPAC to date, because it is the first one to genuinely attract institutional attention here,” said a banker who was involved in the Reach Energy IPO.
Shares of Reach Energy fell 6.7 per cent to 70 sen as of 0330 GMT, down from its offer price of 75 sen per share. The stock dropped as much as 8 per cent to 69 sen.
SPACs in Malaysia
Hibiscus Petroleum — the first SPAC in Malaysia and Southeast Asia — bought a 35 per cent stake in Norway’s Lime Petroleum over two years ago.
The purchase has earned Hibiscus Petroleum a positive cash flow, after the company spent nearly two years in the red. But it will need more acquisitions to go beyond the RM9 million to RM12.6 million it has seen in net income in recent quarters, according to industry observers.
The company, whose top officials have worked with global industry giants such as Chevron, Murphy Oil, Schlumberger and ExxonMobil, aims to build an asset portfolio strong enough to support dividend payments while funding newer ventures that are still in a risky phase.
Sona Petroleum made its first acquisition with a 40 per cent stake in oil and gas blocks from London-listed Salamander Energy Plc for US$280 million (RM890 million).
It targets exploration and production assets in Asia, the Middle East and Africa, according to the company’s website. Meanwhile, Cliq Energy has short-listed two potential acquisitions and is currently awaiting regulatory approval.
Shares of Hibiscus Petroleum have gained 65 per cent since the company’s IPO, while Cliq Energy has risen 10 per cent and Sona Petroleum 25.6 per cent since their respective entries. — Reuters
The RM750 million (US$236.44 million) IPO exceeded the initial share sales by other local SPACs such as Sona Petroleum Bhd and Cliq Energy Bhd, which raised between US$100 million and US$150 million last year.
Reach Energy, which has no existing assets, is looking to acquire firms in both the exploration and production segments of Asia’s oil and gas sector, following in the footsteps of Hibiscus Petroleum, Sona Petroleum and Cliq Energy.
SPACs, common in the West but still rare in Asia, attract investors who hope a team of experienced industry executives can translate seed money into profits down the road. They are also drawn to bonus giveaways such as warrants attached to shares bought during IPOs.
But there are risks unique to SPACs.
In the United States, half of the SPACs launched in the past decade have failed to complete an actual acquisition and posted negative annual returns, according to data from research firm SPAC Analytics.
Malaysia late last year tightened rules on SPACs to assure investors their money will be secure in the months or years that such shell companies might take to find an income-generating asset.
People in the industry say only the best of SPACs have made it to the market in Malaysia, owing to the strict rules set on them. Regulators have rejected a number of applications, for firms ranging from palm oil to healthcare, as their management teams lack a track record and the ability to generate returns for shareholders, a source told Reuters.
Malaysia’s Securities Commission said in December that SPAC funds from an IPO must not be used to pay remuneration for the management team until an asset acquisition is completed. The company’s management also cannot sell their shares in the SPAC until assets are generating income.
The firm’s management, whose experience and track record must fall in line with the SPAC’s objectives, must hold at least a 10 per cent stake to ensure a “meaningful financial participation”.
Reach Energy is led by Managing Director and Chief Executive Officer Shahul Hamid, who has had senior roles at Esso, Shell and Petroleum Development Oman (PDO). Other top officials include former staff from Petronas, Schlumberger and Sime Darby.
According to Reach Energy’s IPO prospectus, Malaysia’s pilgrimage fund Lembaga Tabung Haji, CIMB-Principal Asset Management Bhd, and Hong Leong Asset Management are among the cornerstone investors in the sharia-compliant company.
“This is seen as the safest SPAC to date, because it is the first one to genuinely attract institutional attention here,” said a banker who was involved in the Reach Energy IPO.
Shares of Reach Energy fell 6.7 per cent to 70 sen as of 0330 GMT, down from its offer price of 75 sen per share. The stock dropped as much as 8 per cent to 69 sen.
SPACs in Malaysia
Hibiscus Petroleum — the first SPAC in Malaysia and Southeast Asia — bought a 35 per cent stake in Norway’s Lime Petroleum over two years ago.
The purchase has earned Hibiscus Petroleum a positive cash flow, after the company spent nearly two years in the red. But it will need more acquisitions to go beyond the RM9 million to RM12.6 million it has seen in net income in recent quarters, according to industry observers.
The company, whose top officials have worked with global industry giants such as Chevron, Murphy Oil, Schlumberger and ExxonMobil, aims to build an asset portfolio strong enough to support dividend payments while funding newer ventures that are still in a risky phase.
Sona Petroleum made its first acquisition with a 40 per cent stake in oil and gas blocks from London-listed Salamander Energy Plc for US$280 million (RM890 million).
It targets exploration and production assets in Asia, the Middle East and Africa, according to the company’s website. Meanwhile, Cliq Energy has short-listed two potential acquisitions and is currently awaiting regulatory approval.
Shares of Hibiscus Petroleum have gained 65 per cent since the company’s IPO, while Cliq Energy has risen 10 per cent and Sona Petroleum 25.6 per cent since their respective entries. — Reuters
2bz4money
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mrcalium
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UP! sunyi je
sunyi je...teruk ka kena Reach ni?.sabar ja tuan-tuan.biasa la main ipo ni.saya tak dapat masa ipo.
terkejut gak tak gaji top management diaorang ni semua tinggi-tinggi belaka.
tapi kalau management skill bagus mungkin reconsider kaunter ini di masa depan
terkejut gak tak gaji top management diaorang ni semua tinggi-tinggi belaka.
tapi kalau management skill bagus mungkin reconsider kaunter ini di masa depan
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