GABUNGAN AQRS BERHAD IPO: GABUNGAN AQRS BERHAD stock IPO price RM1.18 main market
Opening of application 29/06/2012
Closing of application 13/07/2012
Balloting of applications 17/07/2012
Allotment of IPO shares to successful applicants 26/07/2012
Tentative listing date 31/07/2012
PUBLIC ISSUE OF 62,000,000 NEW ORDINARY SHARES OF RM0.25 EACH IN GABUNGAN AQRS BERHAD (“COMPANY“) COMPRISING:
18,000,000 NEW ORDINARY SHARES OF RM0.25 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
6,000,000 NEW ORDINARY SHARES OF RM0.25 EACH AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF OUR COMPANY AND OUR SUBSIDIARIES (“GROUP”) AND/OR PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;
32,000,000 NEW ORDINARY SHARES OF RM0.25 EACH AVAILABLE FOR PRIVATE PLACEMENT TO SELECTED INVESTORS; AND
6,000,000 NEW ORDINARY SHARES OF RM0.25 EACH AVAILABLE FOR PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY
OFFER FOR SALE OF 30,000,000 ORDINARY SHARES OF RM0.25 EACH IN OUR COMPANY AVAILABLE FOR PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY
AT AN ISSUE/OFFER PRICE OF RM1.18 PER ORDINARY SHARE OF RM0.25 EACH PAYABLE IN FULL ON APPLICATION IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD
====
AQRS THE BUILDING COMPANY (AQRS), formerly known as Damansara Residences Sdn Bhd, was incorporated in July 2001 as the property development arm of Gabungan AQRS Berhad whose core business is in the building civil construction and development industries. Backed by the Group’s solid financial backing and supported by experienced technical and management expertise. AQRS has earned a reputation for itself as a developer with foresight with a penchant for conscientiously-planned residential and commercial developments. Its notable maiden projects include The Residency in Kota Damansara.
As a ISO 9001:2008 certified developer with a strong footing who has been delivering aesthetically-planned developments since its inception. AQRS is poised to make an indelible mark in the property industry with its innovative plans for the future.
Incorporated in July 2001, AQRS was formed to spearhead the Motibina Group's venture into property development. Motibina Sdn Bhd is a class A CIDB construction company which has operated with a dedicated team of staff since 1996.
As part of the Motibina Group of companies, AQRS shares a dynamic duo of directors who have combined experience of over 60 years in the building and civil construction industries, as well an experienced support team which has expanded to cater to the now larger group of companies
Source" Gabungan AQRS Berhad
=====
30/06/2012
KUALA LUMPUR: Construction and property developer Gabungan AQRS Bhd will utilise about RM73.16mil from the proceeds of its initial public offering (IPO) for expansion activities.
CEO Alvin Ng Chun Kooi said about RM30.46mil would be allocated for working capital, RM25mil to acquire new land bank, RM12mil to acquire a corporate headquarters and the remaining RM5.7mil would be used for listing expenses.
He said the company, enroute for listing on the Main Market of Bursa Malaysia Securities by end-July, envisaged various expansion and growth plans.
“This includes venturing into government-initiated public-private sector partnership (PPP) projects, expansion into new geographical markets overseas and developing further our property development,” he said in a statement.
Gabungan AQRS yesterday launched its prospectus for the public issue of 62 million new ordinary shares of 25 sen par value and an offer for sale of 30 million ordinary shares of 25 sen par value at a price of RM1.18 per share.
Ng said with the company’s listing and access to the capital market, it would have the financial resources to be in a position to actively participate in building and infrastructure-related PPP projects.
“To further expand the construction business, we will also leverage on the distinction of wholly-owned subsidiary Gabungan Strategik Sdn Bhd in the Industrial Building System (IBS) construction method which the Government is promoting as an alternative to the labour-intensive conventional construction method.
“In property development, Gabungan AQRS will be on the lookout to acquire new land banks in strategic locations for commercial or residential development,” he said.
“But, as a lifestyle developer, we are not eyeing large tracts of land which account for its current land bank of only 13 hectares.”
The offer period to subscribe for Gabungan AQRS IPO ends on July 13. – Bernama
Source: The Star
For more information on recent IPO, here
http://politemarket.blogspot.com/search/label/IPO
Thanks
Opening of application 29/06/2012
Closing of application 13/07/2012
Balloting of applications 17/07/2012
Allotment of IPO shares to successful applicants 26/07/2012
Tentative listing date 31/07/2012
PUBLIC ISSUE OF 62,000,000 NEW ORDINARY SHARES OF RM0.25 EACH IN GABUNGAN AQRS BERHAD (“COMPANY“) COMPRISING:
18,000,000 NEW ORDINARY SHARES OF RM0.25 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
6,000,000 NEW ORDINARY SHARES OF RM0.25 EACH AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF OUR COMPANY AND OUR SUBSIDIARIES (“GROUP”) AND/OR PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;
32,000,000 NEW ORDINARY SHARES OF RM0.25 EACH AVAILABLE FOR PRIVATE PLACEMENT TO SELECTED INVESTORS; AND
6,000,000 NEW ORDINARY SHARES OF RM0.25 EACH AVAILABLE FOR PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY
OFFER FOR SALE OF 30,000,000 ORDINARY SHARES OF RM0.25 EACH IN OUR COMPANY AVAILABLE FOR PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY
AT AN ISSUE/OFFER PRICE OF RM1.18 PER ORDINARY SHARE OF RM0.25 EACH PAYABLE IN FULL ON APPLICATION IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD
====
AQRS THE BUILDING COMPANY (AQRS), formerly known as Damansara Residences Sdn Bhd, was incorporated in July 2001 as the property development arm of Gabungan AQRS Berhad whose core business is in the building civil construction and development industries. Backed by the Group’s solid financial backing and supported by experienced technical and management expertise. AQRS has earned a reputation for itself as a developer with foresight with a penchant for conscientiously-planned residential and commercial developments. Its notable maiden projects include The Residency in Kota Damansara.
As a ISO 9001:2008 certified developer with a strong footing who has been delivering aesthetically-planned developments since its inception. AQRS is poised to make an indelible mark in the property industry with its innovative plans for the future.
Incorporated in July 2001, AQRS was formed to spearhead the Motibina Group's venture into property development. Motibina Sdn Bhd is a class A CIDB construction company which has operated with a dedicated team of staff since 1996.
As part of the Motibina Group of companies, AQRS shares a dynamic duo of directors who have combined experience of over 60 years in the building and civil construction industries, as well an experienced support team which has expanded to cater to the now larger group of companies
Source" Gabungan AQRS Berhad
=====
30/06/2012
KUALA LUMPUR: Construction and property developer Gabungan AQRS Bhd will utilise about RM73.16mil from the proceeds of its initial public offering (IPO) for expansion activities.
CEO Alvin Ng Chun Kooi said about RM30.46mil would be allocated for working capital, RM25mil to acquire new land bank, RM12mil to acquire a corporate headquarters and the remaining RM5.7mil would be used for listing expenses.
He said the company, enroute for listing on the Main Market of Bursa Malaysia Securities by end-July, envisaged various expansion and growth plans.
“This includes venturing into government-initiated public-private sector partnership (PPP) projects, expansion into new geographical markets overseas and developing further our property development,” he said in a statement.
Gabungan AQRS yesterday launched its prospectus for the public issue of 62 million new ordinary shares of 25 sen par value and an offer for sale of 30 million ordinary shares of 25 sen par value at a price of RM1.18 per share.
Ng said with the company’s listing and access to the capital market, it would have the financial resources to be in a position to actively participate in building and infrastructure-related PPP projects.
“To further expand the construction business, we will also leverage on the distinction of wholly-owned subsidiary Gabungan Strategik Sdn Bhd in the Industrial Building System (IBS) construction method which the Government is promoting as an alternative to the labour-intensive conventional construction method.
“In property development, Gabungan AQRS will be on the lookout to acquire new land banks in strategic locations for commercial or residential development,” he said.
“But, as a lifestyle developer, we are not eyeing large tracts of land which account for its current land bank of only 13 hectares.”
The offer period to subscribe for Gabungan AQRS IPO ends on July 13. – Bernama
Source: The Star
For more information on recent IPO, here
http://politemarket.blogspot.com/search/label/IPO
Thanks
No comments:
Post a Comment