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…
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…