Initial Public Offering (IPO)

[AzizahSumayyah]

As far as i am concern...oldtown kaunter non-shariah... kalo dlm prospectus pun takde disebut die adalah kaunter shariah...biasenye kalo kaunter tu shariah ianya akan disebut dlm procpectus...

renung2kan la... sekadar berkongsi.. kalo tak silap sy la..cube bro check balik kaunter ni...~chill~

Kalau tak silap Boilermech, ideal jacobs, Mclean pun tak disclose yg companies mereka ni Syariah-compliant masa IPO stage. Tapi semua shares ni bawah syariah sekarang kan?

Apa yang saya tahu, samada companies tu nak disclose dalam prospectus yg shares tuu syariah-compliant ke tak bergantung pada budibicara mereka. Dari pemahaman saya SC tak wajibkan semua prospectus kena meet the Syariah-complaince review.

Itu yang saya paham lah, kalau silap mintak betulkan

 

[AzizahSumayyah]

nak tanya old town white cafe ada sijil halal? Sekadar bertanya.

dalam prospectus: pg 91 - 95
ada mention approvals, licenses & permits obtained, validity periods etc

utk Old town outlets: cuba baca pg 95 & paham-paham sendiri:-?

 

[wazir]

Oldtown tak akan minta jadi Syariah compliant pasal makanan yang dihidangkan rasanya tidak dijamin kehalalannya dan mereka ni sendiri takde sijil halal dari Jakim atau badan agama yang lain. Dulu kan ada kes dapat detect ketidak-halalan makanan oleh pihak berkuasa (mee ke apa lupa dah)..tak silap kejadian ni berlaku tahun lepas. Selepas berita tersebut, saya beritau family jgn makn kat situ. So disebabkan kewas-was-an ini, tidak lah saya meng-apply saham2 tersebut kesimpulan saya , oldtown = modern kopitiam = kedai kopi moden org cina.

 

[zayed]

As at LPD, there are two (2) fully and partially owned OLDTOWN WHITE COFFEE cafe outlets collectively which have been issued with HALAL certifications by the Islamic Food Research Centre Malaysia & Asia Region in Malaysia. In anticipation of the Malaysian government's proposal and recent development to streamline the issuance of HALAL certification, our management is currently in the midst of making applications to the Department of Islamic Development Malaysia (JAKIM) and the respective state religious authorities for
HALAL certifications in respect of our OLDTOWN WHITE COFFEE cafe outlets in Malaysia. Some of the HALAL criteria which Oldtown
Group may be subjected to are, amongst others, as follows:-
(a) All raw ingredients for the production of products consist of ingredients that have been verified HALAL;
(b) There must be at least two Muslim workers who coordinate the food processing;
(c) Products produced abide the Malaysian Poison Act 1952, Malaysian Food Act 1983 and Food Regulation 1985;
(d) There must be no pets kept in the grounds of production and food processing;
(e) Alcoholic beverages as part of the ingredients in food processing or to be sold in the premise are prohibited; and
(f) Chicken and frozen meats used in the production of food must also be obtained from companies with HALAL Verification Certificate.
As at LPD, four (4) of the OLDTOWN WHITE COFFEE cafe outlets are awaiting for the issuance of the business premise license by the
relevant local authorities. An application for the business premise license for one (1) of the OLDTOWN WHITE COFFEE cafe outlet will be
made to the relevant local authority by end of June 2011. Four (4) OLDTOWN WHITE COFFEE cafe outlets are awaiting for the renewal by the relevant local authorities of its business premise license.

 

[wazir]

As at LPD, there are two (2) fully and partially owned OLDTOWN WHITE COFFEE cafe outlets collectively which have been issued with HALAL certifications by the Islamic Food Research Centre Malaysia & Asia Region in Malaysia. In anticipation of the Malaysian government's proposal and recent development to streamline the issuance of HALAL certification, our management is currently in the midst of making applications to the Department of Islamic Development Malaysia (JAKIM) and the respective state religious authorities for
HALAL certifications in respect of our OLDTOWN WHITE COFFEE cafe outlets in Malaysia. Some of the HALAL criteria which Oldtown
Group may be subjected to are, amongst others, as follows:-
(a) All raw ingredients for the production of products consist of ingredients that have been verified HALAL;
(b) There must be at least two Muslim workers who coordinate the food processing;
(c) Products produced abide the Malaysian Poison Act 1952, Malaysian Food Act 1983 and Food Regulation 1985;
(d) There must be no pets kept in the grounds of production and food processing;
(e) Alcoholic beverages as part of the ingredients in food processing or to be sold in the premise are prohibited; and
(f) Chicken and frozen meats used in the production of food must also be obtained from companies with HALAL Verification Certificate.
As at LPD, four (4) of the OLDTOWN WHITE COFFEE cafe outlets are awaiting for the issuance of the business premise license by the
relevant local authorities. An application for the business premise license for one (1) of the OLDTOWN WHITE COFFEE cafe outlet will be
made to the relevant local authority by end of June 2011. Four (4) OLDTOWN WHITE COFFEE cafe outlets are awaiting for the renewal by the relevant local authorities of its business premise license.

ok good info. Jadinya 2 kafe status halal, 4-5 cafe masih dalam proses..and the status of berpuluh remaining cafes lagi..Unknown . Sementara tu ipo nak closing date dah. So, sume org boleh mempertimbangkan secara masing2

 

[zayed]

ok good info. Jadinya 2 kafe status halal, 4-5 cafe masih dalam proses..and the status of berpuluh remaining cafes lagi..Unknown . Sementara tu ipo nak closing date dah. So, sume org boleh mempertimbangkan secara masing2

from business perspective, kalau MO old town using internal subsidiary transaction (between anak syarikat) dan semua cawangan old own menggunakan standard supplier...mudah je nak dapat JAKIM certified.

tapi kalau SOP setiap cawangan tak sama, mmg payah lee... ada dlm 40-50 cawangan.

kena tgk contoh franchise mcd, kfc, secret recipe. pun begitu, orang query jugak kehalalan KFC.

 

[repasi]

ok good info. Jadinya 2 kafe status halal, 4-5 cafe masih dalam proses..and the status of berpuluh remaining cafes lagi..Unknown . Sementara tu ipo nak closing date dah. So, sume org boleh mempertimbangkan secara masing2

kalau dah mmg tahu tak halal....wajib untuk kita tidak membelinya

 

[2bz4money]

Perked up for market debut

Perked up for market debut
By Zurinna Raja Adam
Published: 2011/06/23

KUALA LUMPUR: OldTown White Coffee chain operator, OldTown Bhd, which expects to raise RM79.2 million from its initial public offering (IPO), is optimistic that it will not be another listing slump.


Recent IPOs like XOX Bhd, UOA Development Bhd, MCLean Technologies Bhd and Ideal Jacobs (Malaysia) Corp Bhd have had weak debuts on Bursa Malaysia and struggled to maintain their momentum.

"I think we shouldn't compare OldTown's IPO to the failed IPOs because unlike other companies, OldTown is a brand that consumers can relate to. It is visible everywhere," said AmInvestment Bank director head of corporate finance Anuar Omar.

He said he was confident of its listing performance as OldTown's private placement had received overwhelming response.

"It is the right time for the company to tap the capital market to fund its expansion," he said during the group's prospectus launch in Kuala Lumpur yesterday.

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

OldTown group managing direc-tor Lee Siew Heng said the company will invest RM52 million to build a plant on a 3.6ha site in Ipoh, Perak. It will be its central location for manufacturing instant beverage mixes and roasting coffee powder.

Once completed in 2013, the new plant will increase OldTown's production capacity by 500 per cent.

Lee said the company also plans to open 300 outlets in three years from 182 currently, in Malaysia, Indonesia and Singapore.

"This year, we plan to open 38 outlets, of which 31 are in Malaysia, three in Singapore and four in Indonesia, with average investment of RM700,000 per outlet," he said.

Post-listing, OldTown plans to export its instant coffee mix, instant milk tea mix and roasted coffee powder to countries like China and Iran. Currently, it is exporting to Singapore, Hong Kong, the US, the UK, Canada and Australia.

Last year, the company posted some RM79 million in revenue. Of this, 65 per cent was derived from its food and beverage outlets and the remaining from fast moving consumer goods (FMCG), including 20 per cent (of its FMCG sales) from export markets.

OldTown is expected to be listed on the Main Market on July 13. Its IPO involves a public issue of 63.4 million new shares and an offer for sale of 33 million vendor shares at RM1.25 each.

http://www.btimes.com.my/

 

[zamans98]

Apply 500 kilo.

 

[b@ie]

kalau dah mmg tahu tak halal....wajib untuk kita tidak membelinya

btul tu bro...