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IPO: Westports Malaysia (5246), Port Operator
TSdavinz18
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Aug 20 2012, 05:06 PM, updated 10y ago
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Westports Malaysia which is owned by entities linked to Hong Kong tycoon Li Ka-Shing, is looking to raise about US$1 billion through an initial public offer in Malaysia, three people familiar with the deal said. The group-which operates one of Asia's busiest shipping terminals at Port Klang on the west coast of peninsular Malaysia-has invited banks to pitch for the IPO, which is expected to take place toward the end of this year or early next year, two of the people said.
Hutchison Port Holdings-which is controlled by Hong Kong's Mr. Li and operates 52 ports in 26 countries-has a 31.5% shareholding in Westports Malaysia. The privately held Westports Malaysia was formed by industrialist G. Gnanalingam-a second-generation Malaysian of Sri Lankan descent and currently listed as the country's 24th richest person, according to Forbes-from the privatization of government port assets in the early 1990s. Mr. Gnanalingam's oldest son, Ruben, is now chief executive.
The IPO will be the second equity-capital raising for groups linked to Mr. Li in Southeast Asia in as many years. Hutchison Port Holdings Trust. (NS8U.SG), which owns deepwater port assets in Hong Kong and Shenzhen, raised US$5.5 billion in Singapore's largest ever IPO in early 2011.
WESTPORTS HOLDINGS BERHAD
Opening of application 19/09/2013 Closing of application 27/09/2013 Balloting of applications 02/10/2013 Allotment of IPO shares to successful applicants 16/10/2013 Tentative listing date 18/10/2013
This post has been edited by davinz18: Nov 1 2013, 01:34 PM
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xuexueli
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Aug 21 2012, 02:44 PM
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i'm in with this one...
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phoenix87
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Aug 21 2012, 02:55 PM
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hong ki want muka.....sure goreng
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zamans98
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Aug 21 2012, 07:15 PM
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Nice
Its like IPO party in Malaysia...
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kb2005
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Aug 22 2012, 12:48 AM
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Yes, many people like to list in Malaysia. Easy to get approval and esay to collect money!
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Zon Cahaya
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Aug 22 2012, 02:02 AM
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New Member
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wow,sound nice..i'm in
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zitis
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Aug 22 2012, 08:01 AM
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Sure will apply for this one..... Ka Ching $$$$$
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SUSmemekfalui
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Aug 22 2012, 08:18 AM
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Getting Started
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good buy for 1st timer?? anyone can intro me into world of cap market?
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Gravity
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Aug 23 2012, 11:35 PM
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i'm saving money for this...
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minshome
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Aug 24 2012, 08:38 AM
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It's good if it can be realized....
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Patrick-Star
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Aug 25 2012, 02:53 PM
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Getting Started
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should be a good buy, but as usual its a issue of pricing !!!
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tiger-wolf
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Aug 25 2012, 11:41 PM
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New Member
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how to apply? does anyone know? i am still a novice. thanks
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TSdavinz18
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Oct 17 2012, 09:12 PM
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Westports Malaysia, operator of the country’s busiest port, is looking to raise as much as US$500 million (RM1.52 billion) in an initial public offering in the second quarter of 2013, two sources with direct knowledge of the plan said.
The funds raised from the IPO will help Westports expand Port Klang, which has reported double-digit growth in container handling over the last five years.
Westports, which counts Hutchison Port Holdings and Malaysia’s state investor Khazanah Nasional Bhd as shareholders, is launching an IPO at a time when privatisation schemes and economic growth have cemented the country’s position as Asia’s top destination for initial share sales.
“Although the roles of bankers are not confirmed yet, Malayan Banking Bhd will likely lead the deal,” said one of the sources today, declining to be identified as the matter was still private.
Credit Suisse Group AG and Goldman Sachs Group Inc will also help arrange the sale, said the second source.
Headed by G. Gnanalingam, Malaysia’s 24th-richest man according to Forbes, Westports helped move Port Klang a notch higher to the 13th spot in the world port traffic league last year, according to the Westports website.
The port, located on the Straits of Malacca and 38 kilometres southwest of Kuala Lumpur, has been recording 20 per cent growth in TEU (twenty-foot equivalent container units) over the last five years.
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yuan415
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Oct 21 2012, 01:13 AM
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QUOTE(tiger-wolf @ Aug 26 2012, 12:41 AM) how to apply? does anyone know? i am still a novice. thanks can pm me as i work in broker firm can update u in anything in the market..
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Bonescythe
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Oct 21 2012, 02:53 AM
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Shud be a good port.
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ah_fui
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Oct 21 2012, 10:54 AM
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LKS is a business man and well-known in asia.
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hyzam1212
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Oct 22 2012, 12:08 PM
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Richest man in Hong Kong if I'm not mistaken...everybody in HK knows him...I'm in but just beware its post GE listing
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SmuffyJ
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Oct 25 2012, 11:19 AM
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yes..everyone knows this guy..one of the richest man in the world..when this ipo out?
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TSdavinz18
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Oct 25 2012, 02:14 PM
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QUOTE(SmuffyJ @ Oct 25 2012, 11:19 AM) yes..everyone knows this guy..one of the richest man in the world..when this ipo out? According to news report, around Q2 2013
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coconutzz
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Oct 25 2012, 02:46 PM
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LKS dun own Westports, they have some shares in Westports under Hutchison Port Holdings. One of the Largest Port operators in the World in terms of TEUs handled......can't recall if PSA is larger now or Hutchison is.. I have worked in Westports way back in 2003...their profit is very good, bonuses ranging from 3-5 months almost every year.. Their TEUs have been increasing YOY... This is just my 2 cents..i m not a Financial guy.. This post has been edited by coconutzz: Oct 25 2012, 02:46 PM
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