The integrated designer, manufacturer and distributor of home linen aims to be listed by December 2009


YOONG Onn Corp Bhd, an integrated designer, manufacturer and distributor of home linen, has obtained approval from the Securities Commission to be listed on the main market of Bursa Malaysia Securities Bhd.

In a statement released in Kuala Lumpur yesterday, the Negri Sembilan-based firm said barring unforeseen circumstances, it aims to be listed by December 2009.

"Yoong Onn has successfully evolved from a home linen trading business to a full-fledged home linen and bedding accessories provider for the local market as well as overseas.

"Our proposed listing on the main market will certainly propel us to continue charting our growth path," said its managing director Roland Chew Hon Foong.



To date, Yoong Onn has 14 well-established brands of home linen catering to premium and mid-range consumer markets including Jean Perry, Novelle, Louis Casa, Genova, Diana and Cotonsoft.

The company also owns and operates its own retail outlets under "Home's Harmony" and "Home's Warehouse" chain stores to be the one-stop supply centre for consumers home linen and bedding accessories needs. At present, the group has a total of 13 local outlets.

http://www.btimes.com.my/Current_News/BTIM.../yoong/Article/

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Added on December 4, 2009, 2:29 pmHaha..In fact, no.I have never heard of it either.Now I'm cracking my brain cell to recall have I ever bought their products

This post has been edited by andrewckj: Dec 4 2009, 02:29 PM

this counter is purely malaysia company? or else like the L J msport ,
or problem china company can't listed in china market then back door to malaysia klse suck brood....

everybody thought like u do

About Yoong Onn Group

Year Milestones
1966 Established Yoon On, a partnership entity, whose main business was in trading and retailing of textile and home linen.
1976 Commenced small scale manufacturing of home linen, focusing on bed linen, through Yoon On.
1982 Diana was launched in Malaysia for mid-range market and Novelle for premium consumers.
1988 Incorporated Syarikat Yoong Onn Sdn Bhd, which took over all the business of Yoon On.
1992 Secured first export sales to Singapore.
1994 Ventured into manufacturing of bath linen, curtains and cushion covers.
1997 Established “Home’s Harmony” retail outlet to be a one-stop supply centre for home linen and homeware.
1997 Jean Perry launched for the premium market.
2000 Built manufacturing plant on its 9.3 acres of land in Nilai, Negeri Sembilan to increase production capacity.
2002 Louis Casa, Genova and Firenze brands launched.
2004 Established “Home’s Harmony” flagship retail outlet in One Utama Shopping Centre.
2004 Ann Taylor launched for mid-market.
Began distributing products to East Malaysia.

2006 Opened our 8th and 9th fully-owned “Home’s Harmony” retail outlets in Queensbay Mall, Penang and Aeon Tebrau City, Johor respectively.
2007 Opened our 10th fully-owned “Home’s Harmony” retail outlet in Sunway Pyramid, Selangor.
2008 Appointed a dealer in Kuching, Sarawak to cover the East Malaysia market.
Opened our 11th fully-owned “Home’s Harmony” retail outlet in Gurney Plaza, Penang.

Opened our 12th fully-owned retail outlet under “Home’s Warehouse” brand name at Tesco Desa Tebrau, Johor.

2009 Opened our 13th fully-owned “Home’s Harmony” retail outlet in Plaza Shah Alam, Selangor.


To date, we have 14 brands, namely :

-Diana
-Novelle
-Jean Perry
-Louis Casa
-Genova
-Firenze
-Red Danielle
-BedTalk
-Cotonsoft
-Niki Cain
-Oasis
-Ann Taylor
-Sarah Miller
-Season

DSC Result.

http://announcements.bursamalaysia.com/EDM...CB?OpenDocument

If the number for the EPS and NAV is true... I sailang the first day...
Amendment coming soon...

SURE BOH.

TALK ALWAYS LOUDER THAN ACTION

Because if the number is true, I am going to be a millionaire if sailang (maybe no need to sailang also enough liao), NAV $270+/ share selling at $0.50? also don't know how to calculate PE liao, 50/1227=? Someone please count for me
Anyway, chances is nearing 0... just wonder why the figures at bursa always got some problem...

This post has been edited by htt: Dec 5 2009, 12:36 AM

The calculation is based on the number of share before IPO. The NAV will be much much much smaller after the share base enlarge for IPO

Seeing All the figures listed in Bursa , really got heart attack, man !

To bursa, sometimes the - minus or plus + sign do not really matter to them.

It happened before , a company losing 100million, still able to have + sign ( profit ) awarded to them.

Things do happen in Bolehland.

Do not worry too much, we are on the way to being the World First Class Exchange. If we miss, just need to shift the goal post back a bit. Or Just blame it on sub prime issue.

Anyway, the more you know, the more you do not know, the more fear you are.

This post has been edited by SKY 1809: Dec 5 2009, 10:52 AM

True... didn't look into it late in night
But won't sailang anyway... talk only... I have no confident on that company anyway

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Added on December 5, 2009, 11:53 amHehe... most of the time just send another amendment copy will do, no big deal...

This post has been edited by htt: Dec 5 2009, 11:53 AM

the good things is they do not have debt, not so good things is the cash only RM13,000?

Some of the very small SME that I know of also have petty cash of rm 5 to 15K.

Also not comparing apple with apple.

Else you think why they want to list?
Our PM didn't invite them, did he?

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This post has been edited by SKY 1809: Dec 5 2009, 04:12 PM

Nowadays normally my IPO won't be with me within 10 minutes from open... except maxis...
Just a bit lucky as none of them made loss, as yet...
Thinking of giving a miss on the upcoming Yoong Oon...

why?
you studied this counter and find out it is not valuable?

88 sen is cheap or expensive...

Suggest to avoid this counter~

It wasn't expensive, but market sentiment about IPO is not so good, I lie low while try to buy some other stocks, good luck all.
Personal opinion only, I can be wrong... and I always

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This post has been edited by SKY 1809: Dec 7 2009, 10:15 PM

dsc is like IT outsources company, they depend on company using their services, they need to find more company who want their service in order to grow bigger. im not sure if the have contract signing with their client or not, but i think should have.

btw, i kena 1k.