Someone posted today about a proposed UOA Group IPO to take place soon.

We already have their REIT to invest in - which has not performed particularly well.

UOA Group is run and controlled by the (Singaporean) Kong family - headed by C.S. Kong together with his two daughters and a son.

Singaporean Cecelia Chan is the Property Director. She is well known in the developer world in KL - for various reasons...

The word is they are in the process of cleaning up their "story" in preparation for a listing and that CIMB will be the lead IB.

Any views on this "Chinaman" company and their chances for a successful IPO?

This post has been edited by David_Brent: Oct 14 2011, 06:18 PM

David, it is not a rumors.

I can get the MITI allocation thru my friend's bumiputra company.

Will be listed as UOA Development Berhad, price MYR3.00
BUMIPUTRA private placement : 119,586,000 shares.

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Added on March 21, 2011, 10:35 pmDavid,

Here is the link if you wanna drill further.

http://www.miti.gov.my/cms/content.jsp?id=...1d1e1d-59eb8c81



This post has been edited by zamans98: Mar 21 2011, 10:35 PM

Thanks so much, mate!

Will check out the docs...may be a good punt.

I am quite familiar with this company's senior management (the Kong family and Ms. Chan) over a few years and so I will be very interested when their prospectus comes out to see how they present themselves to the market. Kong is an engineer and not a sales or marketing guy - and his kids...well....you know how it goes with most 'successful' men's kids......

Their property director is notorious in the KL property business; nearly all her staff leave within 90 days of joining and aparently she refuses to use a computer or read email!

They have quite a big following by property investors on LYN already though: http://forum.lowyat.net/topic/1584595

The thread is big and shows there are a lot of pissed-off buyers for their latest project.

Their Camellia project at 'Bangsar South' is not doing very well. They call it "Bangsar South" - but it is actually 'Brickfields North' (Kerinchi). Binjai 8 is not yet sold. I hear that the Sphere is to be demolished and they will start again due to design faults.

Think they have a bit of "window dressing/sweeping-under-the-carpet/base-covering" to do before they finally list!

Nothing unusual in that though! Let's see their numbers and the analysis.



This post has been edited by David_Brent: Mar 22 2011, 03:20 AM

You're welcome. So, please do drop by here and shares your insights. Can tumpang my fren. No need to apply IPO, which is hard to kena oso..

just wondering.. how to get these companies with miti shares to open account with me...

How does the MITI allocation work? It will be allocated under whose account?

for individual, just write in a simple letter requesting allocation of the shares with proof that you have the money to take up. If you are taking financing, your banker would provide a support letter.

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Added on March 22, 2011, 10:23 pmabit doubtful about this IPO. Indicative price between RM3-3.5 while carries only a RM0.05 par value *tsk*tsk*tsk*.

This post has been edited by king_majesty: Mar 22 2011, 10:23 PM

Your letter will be filed nicely. Try it if you don't believe.

First, get the individual profile form. Then submit via some BUMI association - preferably Bumiputra Remisier Association. Seek up for info. Your form should have proof of funds : ASB, Savings, Salary Statements, EPF, Shares Local/Overseas etc.

Then they will generate a band, depending on your profile. * This I haven;t see. Example something like this:

Yearly Salary 100,000, Individual with Salary, Professional Group C2
Yearly Salary 100,000, Individual with Salary, Non Professional Group C3

Salary, Position, Company etc all taken into the pool for allocation for the available MITI allocation.

Anyone tried and successful? Do tell.

Hi,anyone out there who r looking for UOA Developement IPOs pls let me know.. I got some allocation left and looking for buyer.. theres a tnc applies. i heard it will listing on 25th April.. email me at glamourouge@yahoo.com

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Added on April 16, 2011, 1:45 amHi,i can get allocation for good counter IPOs. Individual or for company comes together with loan financing. pls email me at glamourouge@yahoo.com for futher details.

This post has been edited by glamourouge: Apr 16 2011, 01:45 AM

have u tried this before
is it really complicated
seems interesting, 100% chance to get ar

For UOA Developmt Bhd, based on total issued shares of 1,195,860,000, mkt cap of IPO approx. RM3.5b (assume IPO price at RM3.00)..

The parent company is actually listed in Singapore and Australia.. Based on 982m shares outstanding, current market cap of parent company SGD658m (SGD0.67)..

Given that UOA DB is a wholly owned subsidiary, the parent company seems undervalued at current price.. (my personal opinion only)

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Added on April 28, 2011, 10:16 amProposed Listing of UOA Development Bhd on the Main Market of Bursa Malaysia Securities Bhd

The company refers to previous announcements in respect of the proposed listing of UOA Development Bhd on the Main Market of Bursa Malaysia Securities Bhd (Kuala Lumpur Stock Exchange).

Agreement in principle has been received from the Securities Commission of Malaysia for the issuance of a prospectus to facilitate this transaction.

It is expected the prospectus will be launched on approximately 18th May and subsequent listing and quotation on the Kuala Lumpur Stock Exchange in the second week of June.

There will be a total of 287 million new shares and 120 million offer for sale shares (from UOA group) in the Initial Public Offering.

After the issue of the IPO shares the company will retain approximately 65% of the newly listed entity.

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Added on May 11, 2011, 4:57 pmKUALA LUMPUR: UOA Development Bhd has taken a step closer toward listing on the Main Market of Bursa Malaysia after it inked a retail underwriting agreement with its underwriters.

The Underwriters for the company's initial public offering (IPO) are CIMB Investment Bank Berhad, RHB Investment Bank Berhad, OSK Investment Bank Berhad, HwangDBS Investment Bank Berhad and Hong Leong Investment Bank Berhad.

UOA Development chief operating officer David Khor Soo Beng in a statement Wednesday, May 11 said that the implementation of large scale projects like the Mass Rapid Transit would further enhance the value of properties as well as create a sustainable property market in Klang Valley.

CIMB Group corporate and investment banking deputy chief executive Datuk Charon Wardini thanked the property development group for appointing CIMB as its Principal Adviser, Sole Bookrunner, Managing Underwriter, and Joint Underwriter.

“We are also proud to be associated with UOA Development's impressive journey of growth and to be part of this major milestone in its corporate history.

“This IPO marks yet another landmark achievement for the company and we look forward to being a prominent partner to UOA Development in its next phase of growth,” he said.

UOA Development is involved in property development, construction and property investment. Its development projects are in matured and prime locations, centralised within the Klang Valley.

The company recently received approval from the Securities Commission (SC) the proposed listing of its entire enlarged issued and paid-up share capital of up to 1.19 billion ordinary shares 5 sen each on the Main Market of Bursa Malaysia within the first half of 2011.

The IPO consists of an institutional offering of up to of 337 million shares to Malaysian and foreign institutional and selected investors and a retail offering of 70 million shares to the Malaysian public, eligible directors and employees of UOA Development and its subsidiaries and persons who have contributed to the success of UOA Development and its subsidiaries.


This post has been edited by young_investor: May 11 2011, 04:57 PM

Anyone applied this? Up for applications

RM2.90 Per Share

is it under properties.. historical before share under prop likes ivory and sunreit are not perform very well

Issuer UOA Development Bhd
Issue Price (RM) 2.90
Par Value (RM) 0.05
Board Main Market
Sector Properties
Public Issue :
Private Placement 287,000,000
Offer for Sale :
Malaysian Public 60,000,000
Private Placement 50,000,000
Directors,Employees,
Business Associates 10,000,000
Adviser(s) CIMB Investment Bank Berhad

Listing Schedule
Prospectus Date 18/05/2011
Opening of Applications 18/05/2011
Closing of Applications 25/05/2011
Tentative Balloting Date 27/05/2011
Tentative Allotment Date 06/06/2011
Tentative Listing Date 08/06/2011

No application will be accepted after the closing
date

Closing date is tentative and may subject to
change. Any changes to the above schedule will
be announced in a widely circulated Bahasa
Malaysia and English daily newspaper within
Malaysia.

this company is doing wat biz geh? any1 can clarify?

Developer

means is construction base?

today open for application already?