i bet the warrant will face heavy selling on the first day....

We can forget about them for now

KUALA LUMPUR: U Mobile Sdn Bhd, one of the companies under Berjaya Corp Bhd's stable, is not considering floating its shares now.

Its chief executive officer Jaffa Sany Ariffin said it is too premature for the telco provider to go public.

"For the moment, we have no plans to go for an IPO (initial public offering). After we reevaluated our position, the shareholders had decided that perhaps it is wiser (for U Mobile) to remain private at this juncture until we reach maturity.


Read more: U Mobile plays down IPO talk http://www.btimes.com.my/Current_News/BTIM...l#ixzz2a7AsuaZp

SOLID AUTOMOTIVE BERHAD IPO
http://www.bursamalaysia.com/market/listed...cements/1378957

Bro, could you furnish the key features for dis IPO

This is a China-man style of company, with conservative management and gearing, the margin seems to be healthy and there is no big concern on the day-to-day business, except the exposure to Middle East. They has some customers in Middle East (luckily wholesalers) in Egypt, Yemen, Syria that might have some problems, but that part of business seems progressing well (probably their customers have limited choice, also seems like their biggest customer there is Saudis). The margin has been maintain well over the years and local business seems stable, providing cushion to the bottom line, they has their own brand (Hansa? I remember seeing that somewhere). I think they do not have manufacturing capability, from the balance sheet, the tax rate seems to confirm that. Basically they rely on third party to provide manufacturing service. The next move of the company seems to be expending into regional and international distribution business, which they seems to be growing, there was no mention on local expansion and proceed from IPO is use to provide storage and repackage location (for local and international business, I guess).

PE at around 10, gearing healthy, business stable, offering not be big, should have some meat for the opening, but not too attractive to me, I might or might not apply, as I will not be around when the IPO close, and this is not a must-apply counter for me, recently also busy like hell, no time to read and watch too much...

I am not in the business of car workshop, anyone can provide more info, e.g. their reputation? They says their customers like that...

My 2 cents.

Bro, thanks for d insights

IJM Corp, Malaysia's second-biggest builder by market value, is considering taking some of its highway and port concessions public to boost the value of its stock, said chief executive officer Datuk Teh Kean Ming.

IJM is considering a straight listing of its assets or an initial public offering as a business trust, Teh said in an interview in Kuala Lumpur yesterday. The Selangor-based company may also look at selling stakes to private equity firms or strategic investors, he said, without providing a time frame.

"We have intentions to monetize the value of some of more mature route concessions in Malaysia," Teh said. "It is a bit early to say which vehicle we might use. We have assets which we think are very valuable, but the investing fraternity have not given us a value."

IJM sold its 36 per cent stake in the Trichy Tollway in India for a profit of about RM50 million in March, and disposed 40 per cent of its equity interest in Kuantan Port to China's Guangxi Beibu Gulf International Port Group, according to the company.

The infrastructure business contributed to about 10 per cent of total revenue in the last financial year ended March 31, according to data compiled by Bloomberg. The diversified group last year agreed to become the biggest shareholder in oil and gas services provider Scomi Group Bhd, adding to its portfolio of plantations and property assets.

IJM's shares have gained 14 per cent this year, outperforming the benchmark FTSE Bursa Malaysia KLCI Index's 5.3 per cent advance.

About 75 per cent of IJM's debt is in concession assets, which is non-recourse, said Teh. Total debt was at RM2.86 billion, according to data compiled by Bloomberg.

IJM will see most of its earnings growth coming from the property segment in the near-term on strong sales and demand, Teh said. The construction of a mixed development in the northern state of Penang has attracted potential partners to operate hotels, a shopping outlet and a convention center, and the company may later list the commercial property element of the project as a real estate investment trust, he said.

IJM will continue to focus on boosting palm oil production by improving yields, said Teh. Last month, futures on the benchmark Bursa Malaysia Derivatives dropped to the lowest level since October 2009 on expectations that global supply will beat demand. India and China are the biggest consumers of the tropical oil.

"The overall picture is still based on demand," said Teh. "This financial year will be a bit tough, a challenge for us, but going forward, when the US economy, and India and China are back on track, demand will come back."-- Bloomberg

Let's all of us wait & see. Straight listing or M'sia 1st Business Trust Listing

Bjtoto trust was delayed few times in Singapore

BERJAYA CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description BERJAYA CORPORATION BERHAD (“BCORPORATION”)

PROPOSED LISTING OF BERMAZ MOTOR SDN BHD, A SUBSIDIARY OF BCORPORATION, VIA BERJAYA AUTO BERHAD (“BAUTO”), ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“PROPOSED LISTING”)



We refer to the announcements dated 26 February 2013, 1 March 2013, 27 March 2013 and 17 April 2013 in relation to the Proposed Listing.


On behalf of BCorporation, Maybank Investment Bank Berhad (“Maybank IB”) is pleased to announce that the Securities Commission (“SC”) had, vide its letter dated 20 August 2013 approved the Proposed Listing pursuant to Subsection 214(1) of the Capital Markets and Services Act, 2007 and the equity requirement for public companies, subject to the following conditions:



(i) BAuto to allocate at least 12.5% of its enlarged issued and paid-up share capital to Bumiputera investors at the point of listing; and



(ii) Maybank IB/BAuto to fully comply with the requirements of the SC’s Equity Guidelines and Prospectus Guidelines - Equity pertaining to the implementation of the Proposed Listing.



The SC had also vide the abovementioned letter, granted its approval-in-principle for the registration of BAuto’s prospectus.



This announcement is dated 21 August 2013.

Type Announcement
Subject MULTIPLE PROPOSALS
Description IOI CORPORATION BERHAD ("IOIC" OR "COMPANY")

(I) PROPOSED INTERNAL REORGANISATION;

(II) PROPOSED DISTRIBUTION;

(III) PROPOSED RESTRICTED OFFER FOR SALE; AND

(IV) PROPOSED LISTING.

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the announcements made on behalf of the Board of Directors of IOIC (“Board”), by AmInvestment Bank and RHB Investment Bank (collectively referred to as the (“Joint Principal Advisers”) on 14 May 2013, 17 May 2013 and 24 June 2013 in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the announcement dated 14 May 2013 in relation to the Proposals.
On behalf of IOIC, the Joint Principal Advisers wish to announce that the Securities Commission Malaysia (“SC”) had vide its letter dated 21 August 2013 (which was received on 22 August 2013), approved the Proposed Distribution, Proposed Restricted Offer and Proposed Listing (collectively referred to as “Proposed Demerger and Listing”).

SUBANG: Malaysian Airline System Bhd (MAS)'s wholly-owned subsidiary FlyFirefly Sdn Bhd (Firefly) will not launch an initial public offering anytime soon as it is focusing on expanding its fleet size and brand presence.


Chief executive officer Ignatius Ong said the decision to list can only be made by the shareholders of parent MAS.

"But we have no plans for listing at this point in time... We need to be at a certain sizeable level first before being listed," he said after the launch of the Firefly and MASwings Cabin Crew Integration Programme, here, yesterday.

Also present was MASwings CEO Datuk Captain Mohd Nawawi Awang.

The programme will feature 10 Firefly cabin crew from Peninsular Malaysia flying alongside MASwings crew on flights around Sabah and Sarawak, and vice versa.

"This is not only a great branding exercise for both airlines but also creates synergy among MAS group of airlines and strengthens a harmonious workforce," Ong said.

It was reported in June that Firefly may sell its shares to the public to raise capital in order to expand its business.

On its aircraft fleet, Ong said Firefly expects to receive its second ATR72-600 in October and the remaining 18 by end-2019.

The airline took delivery of its first ATR in early July.

In terms of passengers carried, he said the airline targets to achieve 15 per cent growth in passengers this year from 1.7 million last year.

Meanwhile, Mohd Nawawi said MASwings is looking to increase its passenger numbers by 30 per cent to some two million this year from 1.54 million last year.

The airline, which caters to travel needs in Sabah and Sarawak, is gearing up to fly to its fifth international destination - Puerto Princesa in Palawan, the Philippines - by year-end.

MASwings currently uses 10 ATR72-500s. It received its first ATR72-600 in July 25 and is expecting 15 more turboprops by 2017.

Firefly and MASwings have about 130 cabin crew members in their workforce.



Read more: 'No plan to list Firefly for now' http://www.btimes.com.my/Current_News/BTIM...l#ixzz2dXhXq3vk

So sad

wonder why the CEOs always clash with VT one? postpone lagila listing nmpknya

http://www.themalaysianinsider.com/busines...it-says-company

Got other case like this involving VT? Never heard before?

if u read properly the article, this is the second time their CEO was fired/released/quit from U-mobile...the first one is in 2010...only three years gap

This post has been edited by hyzam1212: Sep 1 2013, 12:51 AM

What I mean others VT own companies? Got same case like this not?

atm i think no...this case they just specifically highlight the issue of the ceo...the ceo was good, bringing 5 million subscribers from 1 mil in just 1 and a half years...for sure the ceo will somewhat influence the listing decision so why the clash? thats the issue, maybe someone who works there can give some insight

I don't know what to say, CEO did good job but got fired

Anyway we don't know what actually happen there. I hope those in the company can give some info

U-Mobile very good meh?