Post Tagged with: "Bursa & IPO"

Apply IPO: Bumi Armada or OLDTOWN ?

bumi-armada-berhad-ipo  oldtown-white-coffee-ipo

Following the closing of UOA IPO for application on 25 May 2011 and balloting of successful applications on 27 May 2011, what are the next IPOs we can looking forward?

Some UOA IPO applicants may get to know their application status if they were applied through eipocimb.com or cimbclicks.com.my or even ATMs. For those applied manually by paper submission, they may have to wait MIH to upload the IPO application status and results onto its website at http://mih.com.my/enquiry, or will have to wait for post mail on shares allotment notice (if successful) or return of bank draft (if unsuccessful).

UOA IPO listing date 8 June 2011 – exit time!

By 8 June, you will be able to exit your UOA investment by selling it at the market to spare cash for the upcoming exciting IPO (OLDTOWN) and mega IPO (Bumi Armada). It is reported that OLDTOWN IPO price fixed at RM1.25 per share. However, Bumi Armada IPO price remains unknown.

When the IPO prospectus will be launched?

 

Late date of exposure

Estimated date for IPO launch
OLDTOWN 17 June 2011 around 27 June 2011
Bumi Armada 25 May 2011 around 26 5 July 2011

For OldTown listing date, The Star reported that it is tentatively set on 11 July 2011. Counting backward by 2 weeks from listing date to the IPO launch date, the IPO may be launched around 27 June 2011.

(Updated 2.6.2011) In respect of Bumi Armada, according to a notice of application for bumiputera special shares under IPO published by Ministry of International Trade and Industry (MITI), final offer price will be announced on 12 July 2011. Normally price determination date is one day after the closing of retail offering. Counting backward from 12 July 2011 by 6 market days, the IPO launch date could be around 5 July 2011.

Based on the SC main market submission process timeline, if everything is going smooth, the issuance of IPO prospectus of Bumi Armada is expected to be launched within 45 working/market days from the last date of exposure of draft prospectus.

OLDTOWN – estimated IPO process timeline

oldtown-ipo-timeline

Bumi Armada – estimated IPO process timeline (revised)

image

(Updated 2.6.2011) Looking at the estimated timelines above, OLDTOWN investors may not able to exit from their investment and channel their money into Bumi Armada IPO immediately. Don’t forget T+3 rules will also take up some time for trading clearance.

If the IPO process timelines above are correct, meaning to say, investors can put their capital in OldTown IPO and exit on the listing date around 11 July 2011, then re-invest in Bumi Armada IPO around 26 July 2011. However, the IPO process timeline may not 100% accurate as sometimes mega IPO may be priortised and processed faster. Do not eliminate the possibility that Bumi Armada may be launching their IPO sooner than expected.

It is bad that if one IPO is clash with another and has to compete with another mega IPO like Bumi Armada which will absorb large amount of market liquidity as well as investors capital.

Anyhow, prepare your capital and try your luck in the coming IPOs. Good luck to you all.


  Related post:
1 Bumi Armada IPO price ranges RM2.40 to RM2.70 per shares
2 Bumi Armada IPO draft prospectus updated
3 UOA Dev on Bursa Malaysia listing with no premium surprises investors
4 How to apply MITI approved bumiputra IPO shares?
5 MSM IPO closing for application by 5:00pm 13 June 2011 (Reminder)
6 New IPO: MSM Malaysia Holdings Berhad Retail Price RM3.38
7 OLDTOWN BERHAD IPO: Draft Prospectus Re-exposed
8 UOA Development Bhd IPO Priced at RM2.52 oversubscribed 3.40 times
9 UOA Development IPO closing today 25 May 2011
10 New Mega IPO : Bumi Armada Berhad – Date? Price?

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OLDTOWN BERHAD IPO: Draft Prospectus Re-exposed

See latest post: Apply IPO: Bumi Armada or OLDTOWN ?


oldtown-white-coffee-ipo

OLDTOWN White Coffee re-exposes and updated its draft IPO prospectus on the Securities Commission (SC) website today for public comments, making its way to the listing on the Main Market of Bursa Malaysia with a tentative listing date in July 2011. The IPO has been approved by the SC and the prospectus is presently being reviewed by the SC. The draft prospectus will be published at the SC website for 15 working days up to 17 June 2011.

In its draft initial public offering prospectus, OLDTOWN plans to:

  1. issue 63.3 million new shares of RM1 each to Malaysian public, its directors, employees, business associates, identified investors and bumiputera investors approved by MITI.
  2. offer for sale of 33 million shares via private placement to identified investors.

The Star reported that OLDTOWN IPO issue/offer price fixed at RM1.25 a share. Based on a IPO price of RM1.25 a share, it translates into a historical price earnings (PE) ratio multiple of 13 times for the financial year ended 31 December 2010, based on the historical net earnings per share of 9.6 sen and enlarged issued and paid-up share capital of 330 million shares upon listing.

In its proforma consolidated statements, Oldtown recorded a net profit of RM31.9mil on the back of revenue of RM255.1mil for the financial year ended 31 Dec 2010.

OLDTOWN plans to raise RM79.2mil gross proceed from its IPO, of which it will utilise RM38.1mil for capital expenditure, RM10.5mil for working capital and RM5.9mil for repayment of bank borrowings.

The principal adviser and managing underwriter is AmInvestment Bank Berhad. The joint underwriters and joint placement agents are AmInvestment Bank Berhad and CIMB Investment Bank Berhad.


Related post:
1 UOA Dev on Bursa Malaysia listing with no premium surprises investors
2 How to apply MITI approved bumiputra IPO shares?
3 MSM IPO closing for application by 5:00pm 13 June 2011 (Reminder)
4 New IPO: MSM Malaysia Holdings Berhad Retail Price RM3.38
5 Apply IPO: Bumi Armada or OLDTOWN ?
6 UOA Development Bhd IPO Priced at RM2.52 oversubscribed 3.40 times
7 UOA Development IPO closing today 25 May 2011
8 New Mega IPO : Bumi Armada Berhad – Date? Price?
9 Bumi Armada IPO draft prospectus updated

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UOA Development Bhd IPO Priced at RM2.52 oversubscribed 3.40 times

uoadevelopment-ipo

IPO institutional price fixed at RM2.60 per share today. 3% discounted IPO retail price set at RM2.52 per share, lower by RM0.38 or 13% from its initial retail price of RM2.90. The difference of RM0.38 will be refunded and despatched to successful retail applicants within 10 market days.

Is it a bad sign? Not necessary perhaps. It gives more upside and more capital gain to investors. Most of recent IPOs debut at a premium. Looking forward to the listing date on 8 June 2011, Wednesday, start at 9:00am at Bursa Malaysia.

Some important dates as reminder:

Allotment of shares to successful applicants’ CDS accounts – 6 June 2011

Listing date – 8 June 2011, 9:00am

Following the balloting of successful applications today afternoon, Malaysian Issuing House (MIH) announced that UOA Development Berhad IPO 60 million new shares available for Malaysian public were oversubscribed at a rate of 3.40 times.  A total of 23,171 applications for 263.9 million shares were received from Malaysian public for a total of 60 million shares available for public subscription.

Half of the Malaysian public portion or 30 million shares set aside for Bumiputera category was oversubscribed by 2.29 times with 98.6 million shares applications received under Bumiputera category. Another 50% or 30 million shares for non-bumiputera public category has been oversubscribed by 4.51 times with 165.3 million shares applications received under this non-bumiputera public category.

Institutional offering of 337 million shares have been placed out to local and foreign institutional investors and selected investors including Bumuputera investors approved by the Ministry of International Trade and Industry (MITI).

Here is the IPO results for balloting of successful applications by Malaysian bumiputera and non-bumiputera public categories published by MIH:

uoa-ipo-balloting-results-table

Check your IPO application status and results

You may check whether your IPO application is successful or not using your IC number or company registration number at MIH website. Hopefully MIH will be quick enough putting up the list of successful/unsuccessful applicants in their website.

Check IPO application status & results http://mih.com.my/enquiry.php

Alternatively, if you are applied online through internet banking at CIMB www.eipocimb.com or CIMB Bank www.cimbclicks.com.my, you may check through your eIPO or eShare status.

If you have applied through ATMs, check your bank accounts of those participating banks, i.e. Affin Bank, AmBank, Bank Muamalat, CIMB Bank, EON Bank, HSBC Bank, Maybank, OCBC Bank, Public Bank, RHB Bank or Standard Chartered Bank.

Applying through online internet banking or via ATMs is more faster and efficient than you buy a bank draft and submit your IPO application form manually and minimise errors or rejections due to incomplete documents or information submitted manually.


Related post:
1
2 MSM IPO closing for application by 5:00pm 13 June 2011 (Reminder)
3 New IPO: MSM Malaysia Holdings Berhad Retail Price RM3.38
4 Apply IPO: Bumi Armada or OLDTOWN ?
5 OLDTOWN BERHAD IPO: Draft Prospectus Re-exposed
6 UOA Development IPO closing today 25 May 2011
7 New Mega IPO : Bumi Armada Berhad – Date? Price?

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UOA Development IPO closing today 25 May 2011

uoadevelopment-ipo

The UOA Development IPO is closing today at 5:00pm 25 May 2011.

The easiest way, you may apply via internet share application at CIMB www.eipocimb.com or CIMB Bank www.cimbclicks.com.my. Or you may apply through ATMs at Affin Bank, AmBank, Bank Muamalat, CIMB Bank, EON Bank, HSBC Bank, Maybank, OCBC Bank, Public Bank, RHB Bank or Standard Chartered Bank.

Closing date: 25 May 2011  5:00pm

Balloting date: 27 May 2011

Listing date: 8 June 2011

Summary of IPO:

THE INITIAL PUBLIC OFFERING (“IPO” OR “OFFERING”) OF UP TO 407.00 MILLION ORDINARY SHARES OF RM 0.05 EACH IN UOA DEVELOPMENT BHD (“UOA DEVELOPMENT”) (“SHARES”), IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR 1,195.86 MILLION SHARES ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD, COMPRISING:

(I) OFFER FOR SALE OF UP TO 120.00 MILLION EXISTING SHARES (“OFFER SHARES”) COMPRISING:

  1. INSTITUTIONAL OFFERING OF UP TO 50.00 MILLION OFFER SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (“INSTITUTIONAL PRICE”) PAYABLE IN FULL UPON ALLOCATION; AND
  2. RETAIL OFFERING OF 70.00 MILLION OFFER SHARES TO THE MALAYSIAN PUBLIC, ELIGIBLE DIRECTORS OF UOA DEVELOPMENT, ELIGIBLE EMPLOYEES OF UOA DEVELOPMENT AND ITS SUBSIDIARIES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF UOA DEVELOPMENT AND ITS SUBSIDIARIES AT THE RETAIL PRICE OF RM2.90 PER SHARE (“RETAIL PRICE”), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE, IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE; AND

(II) PUBLIC ISSUE OF 287.00 MILLION NEW SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE PAYABLE IN FULL UPON ALLOCATION,

SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF

(I) THE RETAIL PRICE; AND

(II) 97.00% OF THE INSTITUTIONAL PRICE, SUBJECT TO ROUNDING TO THE NEAREST SEN.


  Related post:
1
2 MSM IPO closing for application by 5:00pm 13 June 2011 (Reminder)
3 New IPO: MSM Malaysia Holdings Berhad Retail Price RM3.38
4 Apply IPO: Bumi Armada or OLDTOWN ?
5 OLDTOWN BERHAD IPO: Draft Prospectus Re-exposed
6 UOA Development Bhd IPO Priced at RM2.52 oversubscribed 3.40 times
7 New Mega IPO : Bumi Armada Berhad – Date? Price?

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New Mega IPO : Bumi Armada Berhad – Date? Price?

Also see latest post: Apply IPO: Bumi Armada or OLDTOWN ?


bumiarmadaberhad_ipo

Malaysian oil and gas services provider, Bumi Armada Berhad, plans an initial public offering (IPO) on the Bursa Malaysia soon, following it lodged a draft IPO prospectus with Securities Commission for exposure in early May 2011. It is believed Bumi Armada Berhad IPO will be the largest offer in Malaysia since the listing of Petronas Chemicals last year.

The number of shares and offer price, as usual, are not available in the draft prospectus, as well as IPO timeline and listing date are also not finalised and fixed.

Bumi Armada is an offshore support specialist and the only Malaysian company that owns floating production storage and offloading vessels, which carry a premium lease rate.

Bumi Armada’s IPO, which will be one of the largest announced in Southeast Asia this year, was delayed several times in the past few years. The company was privatised in 2003 by tycoon T. Ananda Krishnan, and a planned relisting in 2008 was delayed due to the global financial crisis. A subsequent relisting plan was also shelved.

After a series of privatisation of MAXIS, ASTRO, Measat and Tanjong plc by Ananda Krishnan in the past, he then re-lists MAXIS and Bumi Armada.

The joint global coordinators for the IPO are CIMB, Maybank and Credit Suisse, which are also joint bookrunners with RHB, CLSA and UBS.


Related post:
1 Bumi Armada IPO price ranges RM2.40 to RM2.70 per shares
2 Bumi Armada IPO draft prospectus updated
3 UOA Dev on Bursa Malaysia listing with no premium surprises investors
4 How to apply MITI approved bumiputra IPO shares?
5 MSM IPO closing for application by 5:00pm 13 June 2011 (Reminder)
6 New IPO: MSM Malaysia Holdings Berhad Retail Price RM3.38
7 Apply IPO: Bumi Armada or OLDTOWN ?
8 OLDTOWN BERHAD IPO: Draft Prospectus Re-exposed
9 UOA Development Bhd IPO Priced at RM2.52 oversubscribed 3.40 times
10 UOA Development IPO closing today 25 May 2011

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Petronas Chemicals IPO oversubscribed 2.98 times for public catergory, reduces price to RM5.04

In an IPO press release issued by Malaysian Issuing House (MIH) dated Nov 12, 2010, Petronas Chemicals Group Berhad (PCG) received a total of 78,613 applications for 636 million shares from the Malaysian Public for a total 160,000,000 shares available for public subscription, which represents an oversubscription of 2.98 times.

Out of 160 million shares, 80 million shares have been set aside for allotment under the Bumiputera category which represents 50% of the shares offered for public subscription while the balance of 80 million shares were allotted under the Public category. A total of 14,319 applications for 124 million shares were received under the Bumiputera category which represents an oversubscription of 0.55 times while under the Public category 64,294 applications for 512 million shares were received which represents an oversubscription of 5.40 times. In view of the oversubscribed situation for shares under the Malaysian Public Bumiputra category, a total of 40,158,600 unallocated shares reserved for eligible Directors and staff of PCG Group and Petronas (including eligible customers and others) were made available to the Malaysian Public Bumiputra category, in addition to existing allocation of 80 million shares to this category.

Balloting Table – Basis of Allotment – Public Category

PCG IPO Basis of Allotment - Public Category

Basis of Allotment – Bumiputra Category

http://mih.com.my/index.php?page=bs502b

MIH Announcement on Basis of Allotment

MIH Press Release Statement to Bursa Malaysia

You may check whether your IPO application is successful or not using your IC number or company registration number at MIH website. Hopefully MIH will be quick enough putting up the list of successful/unsuccessful applicants in their website.

Check IPO application status & results http://mih.com.my/enquiry.php

Alternatively, if you were applied online through internet banking, you may check through your eIPO or eShare status. This method may be more efficient than the MIH website, as the banks will update the IPO application status in your internet banking and refund your application monies within few working days should your application is not successful. This is way more faster and efficient than you buy a bank draft and submit your IPO application form manually.

Update: Applications via all internet banking should have the application status update now. CIMB, Maybank, Affin and RHB Bank. Check your internet banking now for application status.

Status of Application and Refund of Money

  1. Application via ATM or Internet Banking – MIH will inform banks of the unsuccessful or partially successful application (include successful application) within 2 market days after the balloting date. The application monies or the balance of it will be credited into the bank accounts within 2 market days after the receipt of confirmation from MIH. In total, you may check your bank account on the latest fifth market day, or earlier. If your application is under reserved or waiting list, but subsequently unsuccessful, the banks will refund to you within 10 market days from final ballot date.
  2. Application via White Application Form – The money will be refunded to you via the self-addressed and stamped Official A envelope you provided by ordinary post (for fully unsuccessful applications) or by registered post to your last address maintained with the Bursa Depository (CDS account address)(for partially successful applications) within 10 market days from the final ballot date.

PCG vs MMHE

Let’s compare how is PCG’s public non-bumi portion performed, compared to Malaysia Marine And Heavy Engineering Berhad (MMHE).

MMHE’s public non-bumi portion was oversubscribed by 12.36 times, representing a total application monies of approx RM 714 million.

16 million shares x RM3.61 per share x 12.36 times = RM714 million

PCG’s public non-bumi portion was oversubscribed by 5.40 times, representing a total application monies of approx RM 2,181 million.

80 million shares x RM5.05 per share x 5.4 times = RM2,181 million

It is noted that PCG has attracted an even stronger interest from the Malaysia public (non-bumi category), may thank to MMHE’s first day listing premium of RM0.71 or 20% jump over its retail price RM3.61.

Congratulation!

Lastly, a BIG congratulation to you who have successfully applied for the IPO shares and looking forward for another strong and big debut premium on the listing day 26 Nov 2010, Friday.

 

See all posts related to Petronas Chemicals Group IPO

http://www.nbc.com.my/blog/?tag=petronas-chemicals-ipo

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Petronas Chemicals bookbuilding priced RM5.20, reduced RM5.04 as retail price

 

petronas-chem-ipo

PETRONAS Chemicals Group Berhad IPO – PCG announced that the offer price for institutional investors is fixed at RM5.20 per share though the bookbuilding exercise completed today. While the offer price for retail investors reduced to RM5.04 per share, that is 97% of institutional price above. The final retail price is 1 sen lower than tentative retail price of RM5.05 as stated in PCG prospectus launched 1 November 2010. The difference of RM0.01 will be refunded to retail investors in due course for successful applicants or the whole application monies will be returned for unsuccessful applicants.

Oversubscription

Petronas Chemicals said the institutional offering attracted orders of approximately MYR92.6 billion, representing a subscription rate of more than 21 times.

The retail offering of 293 million shares attracted a subscription rate of 2.5 times, the company said. The retail price has been set at MYR5.04 per share, a 3% discount to the institutional price.

Ballot results

As the same day today, balloting exercise for retail shares will be carried out and the ballot results are expected to be announced by Malaysia Issuing House (MIH) late today or early tomorrow via IPO Press Release link below, from which you will know the subscription rates as well as the mostly-like oversubscription rates.

http://mih.com.my/index.php?page=press

IPO application status

You may particularly care or concern as to how to check or know your application status, whether successful or unsuccessful. There are several ways to check your IPO application status. See our earlier post below:

http://www.nbc.com.my/blog/?p=371

Petronas Chemicals IPO retail offer last day today

 

See all latest posts related to Petronas Chemicals Group IPO:

http://www.nbc.com.my/blog/?tag=petronas-chemicals-ipo

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Petronas Chemicals IPO retail offer last day today

Petronas Chemicals Group Berhad’s (PCG) initial public offering (IPO) share offering to retail investors will be closed at 5pm today, 9 November 2010.

The tentative retail price is RM5.05, represent a 3% discount to the institutional offer price. The final institutional price will be finalised and fixed on Nov 12.

IPO Results and Status of Application

If you have applied for PCG IPO, let’s looking forward for the balloting day on Nov 12 (this coming Friday). If you were to apply through online banking or ATM, check your online banking or ATM. Just hope that you will not see the application monies refunded/reversed on Nov 12 night or early Nov 13. Or, you may also check IPO results at MIH website at link below.

http://www.mih.com.my/enquiry.php

If you are applied via manual form submitted to Malaysia Issuing House (MIH), you may check your IPO application status at MIH website for IPO results enquiry at link below:

http://www.mih.com.my/enquiry.php

Hopefully the IPO results will be available soon enough after the ballot day on Nov 12. From the experience of IPO results for Malaysia Marine And Heavy Engineering Berhad, the IPO results were only available few days after the balloting day, which was against the usual norm that the results are normally available quite soon after the balloting.

Basis of Allotment/Subscription Rate – Public/Bumiputra Category

After the balloting, MIH will issue a press release on the balloting day itself or the next day to announce the basis of allotment and subscription rate for public category. By then, you will know the the subscription rate if PCG IPO retail category is under or over subscribed.

You may also check MIH website for the press release

http://www.mih.com.my/home.php?page=press

Listing Day on Nov 26 (Friday, again!)

Congratulation! If you are lucky enough to have successfully applied for PCG IPO shares, you may looking forward for the listing date on Nov 26, Friday. Yes, Friday again. Same as to MMHE’s listing day.

Good luck to you all who have applied for PCG IPO and wish you all will get a good debut premium on the listing day.

See all latest posts related to Petronas Chemicals Group IPO:

http://www.nbc.com.my/blog/?tag=petronas-chemicals-ipo

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Petronas Chemicals IPO may oversubscribed by 3x

Petronas Chemicals Group Berhad’s initial public offering (IPO) has been covered three times at the high end of the RM4.50-RM5.20, The Edge reported. A fund manager involved in the bidding and a banker with direct knowledge of the deal told Reuters there had been significant interest in the domestic book building exercise.

Based on current discounted retail price of RM5.05 per share (97% of institutional price), it translates into an odd institutional price of RM5.2062 per share. If the institutional price was fixed at RM5.20, the final retail price would be RM5.04 per share, which may be resulting a price difference of RM0.01 per share and that difference need to be refunded to retail investors.

In order to avoid the hassle and complication in refunding the retail price difference, it is most likely the institutional price would set at RM5.21 per share. As such, the retail price would be RM5.05 (97% of RM5.21) and no refund is necessary.

petronas-chemicals-group-pcg-ipo

What is the likely over-subscription rate for public non-bumi portion?

80 million Offer Shares, representing 1% of the enlarged issued and paid-up share capital of PCG are available to non-bumi Malaysian citizens, companies, co-operatives, societies and institutions.

Compared to the earlier Malaysia Marine And Heavy Engineering Berhad’s (MMHE) 16 million shares, PCG’s offer to public non-bumi portion is about 5 times more than MMHE.

MMHE’s public non-bumi portion was oversubscribed by 12.36 times, representing a total application monies of approx RM 714 million.

16 million shares x RM3.61 per share x 12.36 times = RM714 million

Assuming the application monies is double for PCG at RM1,428 million (double of RM714 million), given MMHE’s first day high debut premium of RM0.71 may attract stronger interest in PCG, this may work out an oversubscription rate of 3.53 times for PCG.

80 million shares x RM5.05 per share x 3.53 times = RM1,428 million

Based on the calculation above, there is a good chance of applying for the PCG IPO compared to MMHE, given the huge size of PCG IPO shares offered.

Update: JF Apex Securities’ research report recommends to subscribe Petronas Chemicals Group (PCG) IPO with a target price or fair value of RM5.70, which represents an upside of RM0.65 or 13%. So, make your judgment and choice is yours.

 

See all latest posts related to Petronas Chemicals Group IPO:

http://www.nbc.com.my/blog/?tag=petronas-chemicals-ipo

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Petronas Chemicals IPO RM5.05 launched today

petronas-chemicals-group-pcg-ipo
Following the first of two series IPO exercises, in which Malaysia Marine And Heavy Engineering Berhad get listed with an overwhelming premium of RM0.71 on the close of last Friday, the second IPO series that is, Petronas Chemicals Group launched its IPO today with an offer price of RM5.05 per share. This IPO will be closed at 5:00pm on 9 November 2010, Tuesday.

Timetable for IPO:
Opening of application : 01/11/2010
Closing of application : 09/11/2010
Balloting of applications : 12/11/2010
Allotment of IPO shares to successful applicants : 24/11/2010
Tentative listing date : 26/11/2010

Extract from Bursa Malaysia website:

THE INITIAL PUBLIC OFFERING (“IPO” OR “OFFERING”) OF UP TO 2,480 MILLION ORDINARY SHARES OF RM0.10 EACH IN PETRONAS CHEMICALS GROUP BERHAD (“PCG”) (“SHARES”), IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR 8,000 MILLION SHARES ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:

(I) OFFER FOR SALE OF UP TO 1,780 MILLION EXISTING SHARES (“OFFER SHARES”) COMPRISING:

• INSTITUTIONAL OFFERING OF UP TO 1,486.98 MILLION OFFER SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE (OTHER THAN CORNERSTONE INVESTORS) TO BE DETERMINED BY WAY OF BOOKBUILDING (“INSTITUTIONAL PRICE”);

• RETAIL OFFERING OF 293.02 MILLION OFFER SHARES TO THE MALAYSIAN PUBLIC, ELIGIBLE DIRECTORS OF PCG AND PETROLIAM NASIONAL BERHAD (“PETRONAS”), ELIGIBLE EMPLOYEES OF PCG AND ITS SUBSIDIARIES (“PCG GROUP”), PETRONAS AND SELECTED SUBSIDIARIES OF PETRONAS, ELIGIBLE CUSTOMERS AND OTHERS WHO HAVE CONTRIBUTED TO THE SUCCESS OF PCG GROUP AT THE RETAIL PRICE OF RM5.05 PER SHARE (“RETAIL PRICE”), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE, IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE; AND

(II) PUBLIC ISSUE OF 700 MILLION NEW SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE,

SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF (I) THE RETAIL PRICE; AND (II) 97% OF THE INSTITUTIONAL PRICE, SUBJECT TO ROUNDING TO THE NEAREST SEN.

For full IPO prospectus, visit Bursa Malaysia website.

IPO application channels:

1. Apply through Internet Share Application via online internet banking of the Internet Participating Banks – CIMB, Maybank, Affin Bank & RHB Bank.

www.cimbclicks.com.my, www.eipocimb.com, www.maybank2u.com.my, www.affinOnline.com, www.rhb.com.my

onlinebanking

2. Apply through Electronic Share Application via ATM of the Participating Financial Banks and their branches.

Affin Bank, AmBank, Bank Muamalat Malaysia, CIMB Bank, EON Bank, HSBC Bank Malaysia, Maybank, OCBC Bank, RHB Bank & Standard Chartered Bank.

ATM

3. Submit your application form to Malaysia Issuing House Sdn Bhd (MIH) to its address:

Level 6, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor. or;

P.O.Box 8269, Pejabat Pos Kelana Jaya, Selangor.

See all latest posts related to Petronas Chemicals Group IPO:

http://www.nbc.com.my/blog/?tag=petronas-chemicals-ipo

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