Gas Malaysia IPO Bumiputra Portion:
Applied 1,000-1,900 Gas Malaysia shares, chances 4.23%, get 1,000 shares
Applied 11,000-19,900 Gas Malaysia shares, chances 9.77%, get 10,000 shares
Applied 100,000-199,900 Gas Malaysia shares, chances 12.28%, get 45,000 shares
Gas Malaysia IPO Public Portion:
Applied 1,000-1,900 Gas Malaysia shares, chances 1.26%, get 1,000 shares
Applied 11,000-19,900 Gas Malaysia shares, chances 2.79%, get 10,000 shares
Applied 100,000-199,900 Gas Malaysia shares, chances 4.90%, get 45,000 shares
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Gas Malaysia IPO shares oversubscribed by 21.6 times
KUALA LUMPUR: Gas Malaysia Bhd's initial public offering (IPO) is in hot demand with a total of 44,561 applications received for 581.39 million shares, representing an oversubscription rate of 21.64 times.
A total of 25.68 million shares were available for public subscription.
A total of 15,034 applications for 175.63 million shares were received under the bumiputra category which represents an oversubscription of 12.68 times while under the public category, 29,527 applications for 405.76 million shares were received for an oversubscription of 30.60 times.
The sole bookrunner, Maybank Investment Bank Bhd has confirmed that the institutional offering of 303.32 million shares has been completed. The institutional price was fixed at RM2.20 per share.
The other joint underwriters are Bank Muamalat Malaysia Bhd and Kenanga Investment Bank Bhd.
The IPO of Gas Malaysia involves 147.68 million shares offered to Bumiputra institutional and selected investors approved by the International Trade and Industry Ministry, 155.64 million shares to institutional and selected investors, 4.85 million shares reserved for application by eligible directors and employees and 25.68 million shares made available for application by the public.
Out of this, 12.84 million offer shares have been set aside for the bumiputra portion.
Gas Malaysia principally markets and distributes natural gas to customers in Peninsular Malaysia. The company will spend some RM140mil for pipeline network expansion this year.
This will involve an additional 70km to 90km of pipeline to complement the existing 1,800km network in Peninsular Malaysia.
For the subsequent years, capital requirements would be between RM30mil and RM40mil per annum.
Source: The Star
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MIH is pleased to announce that Gas Malaysia Berhad's ("GMB") Initial Public Offering of which 25,680,000 Offer Shares were made available for application by the Malaysian Public has been oversubscribed and balloting of successful applications was conducted this afternoon. The Sole Bookrunner has confirmed that the Institutional Offering of 303,315,000 Offer Shares has been completed. The Institutional Price was fixed at RM2.20 per Offer Share. Accordingly, the Final IPO
Price for the Retail Offering is fixed at RM2.20 per Offer Share.
A total of 44,561 applications for 581,390,300 Offer Shares were received from the Malaysian Public for a total of 25,680,000 Offer Shares available for public subscription, which represents an oversubscription rate of 21.64 times.
All Notices of Allotment for these shares will be mailed to successful applicants on or before June 8, 2012.
Source: MIH
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For more information on IPO here.
http://politemarket.blogspot.com/search/label/IPO
For more information on Felda IPO here.
http://politemarket.blogspot.com/search/label/Felda
More information on Malaysia Gas IPO here.
http://politemarket.blogspot.com/search/label/Gas%20Malaysia
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