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 IPO: Westports Malaysia (5246), Port Operator

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TSdavinz18
post 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
xuexueli
post Aug 21 2012, 02:44 PM

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i'm in with this one... tongue.gif
phoenix87
post Aug 21 2012, 02:55 PM

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hong ki want muka.....sure goreng biggrin.gif
zamans98
post Aug 21 2012, 07:15 PM

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Nice

Its like IPO party in Malaysia...
kb2005
post 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! tongue.gif
Zon Cahaya
post Aug 22 2012, 02:02 AM

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wow,sound nice..i'm in wink.gif
zitis
post Aug 22 2012, 08:01 AM

bling! bling!
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Sure will apply for this one..... Ka Ching $$$$$
SUSmemekfalui
post Aug 22 2012, 08:18 AM

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good buy for 1st timer?? anyone can intro me into world of cap market?
Gravity
post Aug 23 2012, 11:35 PM

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i'm saving money for this...
minshome
post Aug 24 2012, 08:38 AM

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It's good if it can be realized....
Patrick-Star
post Aug 25 2012, 02:53 PM

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should be a good buy, but as usual its a issue of pricing !!!
tiger-wolf
post Aug 25 2012, 11:41 PM

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how to apply? does anyone know? i am still a novice. thanks
TSdavinz18
post 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.
yuan415
post 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
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can pm me as i work in broker firm smile.gif can update u in anything in the market..
Bonescythe
post Oct 21 2012, 02:53 AM

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Shud be a good port.
ah_fui
post Oct 21 2012, 10:54 AM

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LKS is a business man and well-known in asia.
hyzam1212
post 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
SmuffyJ
post 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?
TSdavinz18
post 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?
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According to news report, around Q2 2013
coconutzz
post 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.. smile.gif

This post has been edited by coconutzz: Oct 25 2012, 02:46 PM

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