Opening of application
03/08/2012
Closing of application
17/08/2012
Balloting of applications
23/08/2012
Allotment of IPO shares to successful applicants
30/08/2012
Tentative listing date
03/09/2012
Stock name DSONIC stock code 5216 Main Market
Next few days if I have the information, I will post more, example the target price fair value, etc.
INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:
(I) PUBLIC ISSUE OF 20,373,996 NEW ORDINARY SHARES OF RM0.50 EACH ("SHARES") IN THE FOLLOWING MANNER:
• 6,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE PUBLIC;
• 4,009,996 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;
• 8,517,000 NEW SHARES AVAILABLE FOR APPLICATION BY BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY;
• 1,847,000 NEW SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS;
AND
(ll) OFFER FOR SALE OF UP TO 7,932,000 EXISTING SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS;
AT AN ISSUE/OFFER PRICE OF RM2.00 PER SHARE, PAYABLE IN FULL UPON APPLICATION
Source: Bursa
KUALA LUMPUR (Aug 5, 2012): Datasonic Group Bhd, enroute to a listing on the Main Market of Bursa Malaysia on Sept 3, sees the proposed exercise as a springboard to expand overseas with its eye on Asean and the Middle East, said its deputy managing director Chew Ben Ben.
Chew said the company plans to leverage on its expertise and experience gained from the government's multi-purpose cards projects to expand overseas.
"Right now we have a strong presence in the multi-secured and e-passport solutions. With the listing, we will have a strong foundation to expand our expertise overseas as secure multi-identification and e-passport is a global trend," he told reporters after the launch of Datasonic's prospectus here on Friday.
"We have been invited to work with local partners from the region, but nothing concrete yet," he said.
The company has so far formed partnerships with global ICT players in the US, Germany, Italy, Switzerland, China, Japan and South Korea to exploit opportunities both locally and internationally for the purpose of acquiring new technologies and expanding its business.
As of May 31, the company's orderbook stood at RM531 million. It has recently secured a contract from the Immigration Department to supply new passport polycarbonate data page and laser engraving personalisation equipment.
The ICT solutions provider is looking to raise RM40.8 million from the initial public offering exercise, of which RM27.1 million is for capital expenditure (capex), RM6 million for research and development, RM5 million for working capital and the remaining RM2.7 million for listing expenses.
Under the exercise, it will offer 20.4 million new shares and an offer for sale of 7.9 million shares at an offer price of RM2 each.
Chew said the company plans to use RM8 million of the capex to set-up its new headquarters cum regional personalisation service (RPS) centre. This will enable the group to increase its production capacity by 3,500 cards a day.
"The setting up of the premise will be on our newly acquired leasehold land together with a commercial building, Wisma Sinflora in Petaling Jaya. The new headquarters cum RPS centre is expected to have a built-up area of 16,000 sq ft," he said.
Another RM19.10 million will be allocated to set up a manufacturing plant for the production of smart cards, which is expected to raise its production capacity to 750,000 smart cards a month. However, the location of the manufacturing plant has yet to be identified.
Datasonic also plans to expand the use of e-hospital solutions in local public and private hospitals. Chew said of the 140 public hospitals in the country, only 20 are using the total hospital information solution.
Source: The Sun Daily
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