{"id":901,"date":"2011-06-24T01:53:45","date_gmt":"2011-06-23T17:53:45","guid":{"rendered":"http:\/\/www.nbc.com.my\/blog\/?p=901"},"modified":"2024-11-01T11:29:29","modified_gmt":"2024-11-01T03:29:29","slug":"oldtown-berhad-ipo-price-rm1-25-per-share","status":"publish","type":"post","link":"https:\/\/www.nbc.com.my\/blog\/oldtown-berhad-ipo-price-rm1-25-per-share\/","title":{"rendered":"OldTown Berhad IPO price RM1.25 per share"},"content":{"rendered":"

\"oldtown-white-coffee-ipo\"<\/a>OldTown Berhad initial public offering (IPO) prospectus is now officially launched after a lengthy preparation and regulatory review process. OldTown is expected to be listed on the Main Market of Bursa Malaysia on 13 July 2011.<\/p>\n

Currently, OldTown has 182 outlets in Malaysia, Indonesia and Singapore and plans to open another 38 outlets in the 3 countries this year 2011.<\/p>\n

The IPO offer price is fixed at RM1.25 per share for all IPO shares. No bookbuilding exercise in determining the final offer price, and there is no discounted offer price for retail offering.\u00a0<\/p>\n

\n

Summary of IPO fund raising<\/strong><\/span><\/p>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\nNo of shares<\/span><\/td>\n<\/td>\n<\/tr>\n
Malaysian Public<\/span><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
– Bumiputera<\/span><\/td>\n5,000,000 <\/span><\/span><\/td>\n1.5%<\/span><\/td>\n<\/tr>\n
– Non-bumiputera<\/span><\/td>\n5,000,000 <\/span><\/span><\/td>\n1.5%<\/span><\/td>\n<\/tr>\n
Directors, Employees<\/span><\/td>\n5,000,000 <\/span><\/span><\/td>\n1.5%<\/span><\/td>\n<\/tr>\n
Private Placement<\/span><\/td>\n48,394,000 <\/span><\/span><\/td>\n14.7%<\/span><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Public issue<\/strong><\/span><\/td>\n63,394,000 <\/span><\/span><\/td>\n19.2%<\/span><\/td>\n<\/tr>\n
Offer for sale<\/strong><\/span><\/td>\n33,000,000 <\/span><\/span><\/td>\n10.0%<\/span><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Total IPO shares<\/strong><\/span><\/td>\n96,394,000 <\/span><\/span><\/td>\n<\/td>\n<\/tr>\n
Enlarged share capital<\/span><\/td>\n330,000,000 <\/span><\/span><\/td>\n<\/td>\n<\/tr>\n
Funds to be raised<\/span><\/td>\nRM 120.49 mil<\/span><\/span><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

Earnings and net assets<\/span><\/strong><\/p>\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n
RM’000<\/span><\/td>\n\n

FYE 2009<\/span><\/p>\n<\/td>\n

\n

FYE 2010<\/span><\/p>\n<\/td>\n<\/tr>\n

Revenue<\/span><\/td>\n193,666 <\/span><\/span><\/td>\n255,133 <\/span><\/span><\/td>\n<\/tr>\n
Profit after tax<\/span><\/td>\n30,231 <\/span><\/span><\/td>\n31,700 <\/span><\/span><\/td>\n<\/tr>\n
Earning per share (sen)<\/span><\/td>\n9.16 <\/span><\/span><\/td>\n9.61 <\/span><\/span><\/td>\n<\/tr>\n
Price earning ratio (PE)<\/span><\/td>\n13.64 <\/span><\/span><\/td>\n13.01 <\/span><\/span><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Enlarged share capital<\/span><\/td>\n<\/td>\nRM 330,000,000<\/span><\/span><\/td>\n<\/tr>\n
Market capitalisation<\/span><\/td>\n<\/td>\nRM 412,500,000<\/span><\/span><\/td>\n<\/tr>\n
Net asset per share<\/span><\/td>\n<\/td>\nRM 0.57<\/span><\/span><\/td>\n<\/tr>\n
Net tangible asset per share<\/span><\/td>\n<\/td>\nRM 0.41<\/span><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

Where will the IPO fund goes?<\/span><\/strong><\/p>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n
Utilisation of proceeds<\/strong><\/span><\/td>\nRM’000<\/span><\/td>\nRemark<\/span><\/td>\n<\/tr>\n
Capital expenditure<\/span><\/td>\n38,082 <\/span><\/span><\/td>\n<\/td>\n<\/tr>\n
Working capital<\/span><\/td>\n10,545 <\/span><\/span><\/td>\n<\/td>\n<\/tr>\n
Rapay bank borrowings<\/span><\/td>\n5,897 <\/span><\/span><\/td>\n<\/td>\n<\/tr>\n
Listing expenses<\/span><\/td>\n5,000 <\/span><\/span><\/td>\n<\/td>\n<\/tr>\n
Acquisition of companies<\/span><\/td>\n19,718 <\/span><\/span><\/td>\nto owners?<\/span><\/td>\n<\/tr>\n
Proceeds from offer for sales<\/span><\/td>\n41,250 <\/span><\/span><\/td>\nto owners<\/span><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Total IPO funds to be raised<\/span><\/td>\n120,492 <\/span><\/strong><\/span><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

Some important dates<\/span><\/strong><\/p>\n

Closing date of application \u2013 open for 6 days up to 5pm, 29 Jun 2011 (Wed)<\/strong><\/p>\n

Balloting of successful application \u2013 1 July 2011 (Fri)<\/strong><\/p>\n

Allotment of shares to successful applicants \u2013 8 July 2011 (Fri)<\/strong><\/p>\n

Listing date \u2013 13 July 2011 (Wed)<\/strong><\/p>\n

\n

Who are the major shareholders of OldTown?<\/span><\/strong><\/p>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n
Major shareholders – after IPO<\/strong><\/span><\/td>\nDirect<\/span><\/td>\nIndirect<\/span><\/td>\n<\/tr>\n
Old Town International Sdn Bhd<\/span><\/td>\n58.9%<\/span><\/td>\n–<\/span><\/td>\n<\/tr>\n
Lee Siew Heng – Group MD<\/span><\/td>\n5.4%<\/span><\/td>\n58.9%<\/span><\/td>\n<\/tr>\n
Goh Ching Mun – Exercutive Director<\/span><\/td>\n–<\/span><\/td>\n58.9%<\/span><\/td>\n<\/tr>\n
Chin Lai Yoong – Non Executive Director<\/span><\/td>\n1.4%<\/span><\/td>\n58.9%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

How to apply MSM Malaysia IPO?<\/span><\/strong><\/p>\n

1. Internet share application via online banking<\/strong><\/em><\/p>\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n
CIMB<\/span><\/span><\/td>\nwww.eipocimb.com<\/span><\/span><\/span><\/a><\/td>\n<\/tr>\n
CIMB Bank<\/span><\/span><\/td>\nwww.cimbclicks.com.my<\/span><\/span><\/span><\/a><\/td>\n<\/tr>\n
Maybank<\/span><\/span><\/td>\nwww.maybank2u.com.my<\/span><\/span><\/span><\/a><\/td>\n<\/tr>\n
RHB Bank<\/span><\/span><\/td>\nwww.rhbbank.com.my<\/span><\/span><\/span><\/a><\/td>\n<\/tr>\n
Affin Bank<\/span><\/span><\/td>\nwww.affinonline.com<\/span><\/span><\/span><\/a><\/td>\n<\/tr>\n
Public Bank<\/span><\/span><\/td>\nwww.pbebank.com<\/span><\/span><\/span><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

You must have internet banking account with those banks above and an individual CDS accounts under your own name (not in a nominee\u2019s name).<\/p>\n

2. ATM machines<\/strong><\/em><\/p>\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n
Affin Bank<\/span><\/span><\/td>\nAmbank<\/span><\/span><\/td>\n<\/tr>\n
CIMB Bank<\/span><\/span><\/td>\nBank Muamalat<\/span><\/span><\/td>\n<\/tr>\n
EON Bank<\/span><\/span><\/td>\nMaybank<\/span><\/span><\/td>\n<\/tr>\n
HSBC Bank<\/span><\/span><\/td>\nOCBC Bank<\/span><\/span><\/td>\n<\/tr>\n
Public Bank<\/td>\nStandard Chartered Bank (selected branches)<\/span><\/span><\/td>\n<\/tr>\n
RHB Bank<\/span><\/span><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Likewise, you must have an individual CDS accounts under your own name (not in a nominee\u2019s name) to apply IPO via ATM.<\/p>\n

3. Manual white application form<\/strong><\/em> submission by post to Malaysian Issuing House Sdn Bhd, Level 6, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A\/46, 47301 Petaling Jaya, or deliver by hand and deposit in the Drop-In Boxes at the Front portion of MIH office address above.<\/p>\n

The issuing house is Malaysia Issuing House Sdn Bhd (MIH).<\/p>\n

AmInvestment Bank Bhd is the principal adviser, managing underwriter, joint underwriter and joint placement agent while CIMB Investment Bank Bhd is the joint underwriter and joint placement agent for the IPO exercise<\/p>\n","protected":false},"excerpt":{"rendered":"

OldTown Berhad initial public offering (IPO) prospectus is now officially launched after a lengthy preparation and regulatory review process. OldTown is expected to be listed on the Main Market of Bursa Malaysia on 13 July 2011. Currently, OldTown has 182 outlets in Malaysia, Indonesia and Singapore and plans to open another 38 outlets in the […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[88,73,87,29],"class_list":["post-901","post","type-post","status-publish","format-standard","hentry","category-malaysia-news","tag-bursa-ipo","tag-initial-public-offering","tag-investment","tag-oldtown-white-coffee"],"_links":{"self":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/901"}],"collection":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/comments?post=901"}],"version-history":[{"count":1,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/901\/revisions"}],"predecessor-version":[{"id":6682,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/901\/revisions\/6682"}],"wp:attachment":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/media?parent=901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/categories?post=901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/tags?post=901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}