Capital markets executive summary | Thu 28 Dec 2023 TSA Group prices IPO at 55 sen The industrial hardware manufacturer launched its prospectus yesterday to raise RM42.53m via a listing on the ACE Market. The price values the company at 4.23 times price-earnings multiple based on RM39.85m net profit for FY2022. The IPO entails the…
Capital markets executive summary | Wed 27 Dec 2023 HE Group signs underwriting agreement for ACE Market listing The company struck the deal with Alliance Islamic Bank Bhd for its IPO involving the issuance of 86.88m new shares or 19.75% of its enlarged shares and an offer for sale of 44m existing shares or 10%…
Capital markets executive summary | Tue 26 Dec 2023 Well Chip to list on Main Market The Johor-based company is the 2nd pawnbroker seeking a listing in less than 3 months after Evergreen Max Cash Capital raised RM64.2m and debuted in late Sep at 33.33% premium over its IPO price. Well Chip is offering 150m…
Capital markets executive summary | Fri 22 Dec 2023 Rimbunan Sawit sells Miri oil palm estates to repay debts The Sarawak-based planter has proposed to dispose of 5 parcels of land measuring 9,935 hectares to Mahawangsa Sungai Bok Plantation Sdn Bhd for RM165m. Selangor Estate (4,857 hectares) will be sold for RM90m while Jayamax Estate…
Capital markets executive summary | Thu 21 Dec 2023 Jati Tinggi closed 14.8% up on ACE Market listing The infrastructure utilities engineering services provider hit 34 sen or 25.93% premium before closing lower at 31 sen compared to its IPO price of 27 sen. It was the 3rd most active stock with 141.81m shares traded….
Capital markets executive summary | Wed 20 Dec 2023 Dataprep to buy 70% of DACS Network Subsidiary Solisnet Sdn Bhd acquired the shares of DACS Network Solutions Sdn Bhd (DNS) from Cloudaron Group Bhd for RM10.5m, which will be satisfied by issuing 82.68m new shares at 12.7 sen per share. DNS is a telecommunications industry…
Capital markets executive summary | Tue 19 Dec 2023 Scoop buys Apollo controlling shareholding to trigger MGO Keynote Capital Sdn Bhd signed a share sale agreement with Scoop Capital Sdn Bhd to sell its 41.05m shares or 51.31% in Apollo Food Holdings Bhd for RM238.08m cash. The transfer will be effected today. The price of…
Capital markets executive summary | Mon 18 Dec 2023 Apollo Food shares suspended today pending announcement The confectionery manufacturer sought for the trading suspension under Paragraph 3.1(b)(iv) of Practice Note 2 on Requests for Suspension of the Main Market Listing Requirements, which can be used by companies to publicise being served a notice of take-over….
Capital markets executive summary | Fri 15 Dec 2023 Ranhill wins related party project for Johor non-revenue water reduction Ranhill SAJ Sdn Bhd, 80%-owned by Ranhill Utilities Bhd, awarded the 3-year RM283.89m project to wholly owned Ranhill Technologies Sdn Bhd in a competitive tender. The project scope covers establishing district meter areas (DMA), non-revenue water…
Capital markets executive summary | Thu 14 Dec 2023 Tower REIT proposes rights issue to raise RM66m The real estate investment trust will use up to RM40m from the proceeds to reduce its borrowings amounting to RM272.75m as at 30 Sep. The balance of the proceeds will go towards refurbishing the existing properties in its…