Capital markets executive summary | Mon 8 Jan 2024 KJTS prices IPO at 27 sen The company, which launched its prospectus on Fri, will raise RM58.9m from the issuance of 218.03m new shares or 31.69% of the enlarged shares. The price values the company at a price-earnings multiple of 26 times its profit after tax…
Capital markets executive summary | Fri 5 Jan 2024 Pharmaniaga executes 7-year concession agreement with MOH Pharmaniaga Logistic Sdn Bhd signed a concession agreement with the Ministry of Health for the provision of medical supply logistics services from 1 Jul 2023 to 30 Jun 2030. The scope covers procurement, storage, supply and delivery of medical…
Capital markets executive summary | Thu 4 Jan 2024 Khazanah and CGC Digital invest in Funding Societies Southeast Asia’s largest MSME digital finance platform plans to expand beyond Kuala Lumpur, Selangor, Penang and Johor, with the target of 25k MSMEs by end-2025. It also wants to widen the reach of its Islamic financing solutions which…
Capital markets executive summary | Wed 3 Jan 2024 TA Securities underwrites AGX IPO The 3rd party logistics company, which will list on the ACE Market, is issuing 96.5m new shares, while its shareholders are offering for sale 30m existing shares. 21.65m new shares are for the public via balloting, 6.32m for directors and employees,…
Capital markets executive summary | Tue 2 Jan 2024 BHIC shareholders approve RM417m debt settlement At the EGM on Fri, 99.92% of Boustead Heavy Industries Corp Bhd (BHIC) shareholders voted in favour of the debt settlement plan with 3 lenders and 64.99% parent Boustead Holdings Bhd (BHB) and amending the company’s constitution to enable the…
Capital markets executive summary | Fri 29 Dec 2023 Master Tec prices IPO at 39 sen The wire and cable manufacturer will list on the ACE Market on 29 Jan. Master Tec’s IPO price is at a price-earnings multiple of 20.31 times its RM19.56m net profit in FY2022 or 1.92 sen per share. The company…
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…