TA GLOBAL BERHAD has released an announcement in relation to the following:

Timetable for IPO
Opening of application : 30/10/2009
Closing of application : 06/11/2009
Balloting of applications : 10/11/2009
Allotment of IPO shares to successful applicants : 20/11/2009
Tentative listing date : 23/11/2009

TA Global applicable for Bumiputra Only. Why like that 1?

(I) UP TO 90,000,000 OFFER SHARES AVAILABLE FOR APPLICATION BY MALAYSIAN BUMIPUTERA CITIZENS, BUMIPUTERA COMPANIES, BUMIPUTERA SOCIETIES, BUMIPUTERA CO-OPERATIVES AND BUMIPUTERA INSTITUTIONS TO BE ALLOTTED BY WAY OF BALLOTING;

(II) UP TO 360,000,000 OFFER SHARES RESERVED FOR THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY APPROVED BUMIPUTERA INSTITUTIONS AND INVESTORS; AND

(III) UP TO 10,000,000 OFFER SHARES AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF TA GLOBAL BERHAD GROUP AND TA ENTERPRISE BERHAD GROUP AND/OR THE BUSINESS ASSOCIATES OF TA GLOBAL BERHAD GROUP;

you sure only for bumiputra? cause I just E-IPO via maybank2u and i selected chinese. what will happen to me if it really only applicable for bumiputra?

you may view at

http://www.klse.com.my/website/bm/listed_c...ectus/index.jsp

I also wondering

The IPO is just for Bumiputera and Staff only. The following is the share allocation for TAG.



This post has been edited by alexleong_2002: Nov 3 2009, 01:59 PM

Today is the last day for TAG application right?? Still undecided to apply or not ... any opinion is welcome ..

TAG IPO undersubscribed.. maybe can get cheap price during opening day..? Good stock compare the one from china IPO hehe..

Also to be noted is that TA Global’s public offer of 90 million shares to bumiputra investors was undersubscribed by almost 80%.
Think that this should be read as a sign of weakening investor interest in IPO new listing ?.



Does it mean we can get the cheaper price when listing ?

This post has been edited by persie: Nov 15 2009, 09:24 AM

well in ipo bumi lots is normally undersubscribed. only those non bumi will oversubscribed

I think it does not provide full pictures of investor interest. If non Bumi can apply, i think the results could be totally opposite as TAG has a very promising performance. IMO Bumis prefer to put their money somewhere else (ASB or Swisscash )

Since they decided to only open up the IPO to bumiputeras, they should bear the consequence of this under-subscription.

Hmm, maybe they want it to be under-subscribed. Sinister.

TAG IPO will be officially listed on next monday (23/11)?

I think there is no news on changes of listing date so it should be on 23rd ... Pana San you got this counter kaa?? sure fly one

What happen to TA today? T.T.....

why fly ? imma confused...

I totally not agree.

---

Added on November 17, 2009, 9:20 amI totally not agree.

This post has been edited by persie: Nov 17 2009, 09:20 AM

Frein not agree oso gv reason la~! Else how are we suppose to acknowledge ur words?

For future referencing.

5158PA TAGB-PA TA GLOBAL BHD - ICPS
Profile for Preference Shares

Instrument Type : Preference Shares
Description : Irredeemable Cumulative Preference Shares
Listing Date : 23/11/2009
Issue Date : 05/10/2009
Issue/ Ask Price : MYR 0.5000
Issue Size in Unit : 1,215,363,632
Maturity Date : 03/10/2014
Revised Maturity Date :
Exercise/Conversion Period Type : 2 Year(s)
Revised Exercise/Conversion Period Type : 0 Year(s)
Exercise/ Strike/ Conversion Price : MYR 0.5000
Exercise/ Conversion Ratio : 1:1
Mode of Satisfaction of Exercise/Conversion Price : Tendering of securities
Settlement Type/ Convertible into : Physical (Shares)

===

Remarks : Tenure : 5 years commencing from and inclusive of the date of issue.

Conversion period/status :
(a) The ICPS will not be convertible from the date of issue until the end of year 3 from the date of issue;
(b) Commencing after the end of year 3 from the date of issue until the
maturity date, the ICPS is convertible into ordinary shares of the Issuer at the Conversion Price; and
© Mandatory conversion of all outstanding ICPS held by ICPS holders by the Issuer at Maturity Date

No cash outlay is required by the holders of ICPS for the conversion of ICPS into ordinary shares.

All IPO besides Maxis seems to be facing the same fate.

Pana, the TAE shareholders got this ICPS or not?