I assume it will be listing on December

Is the ballot ended?
If haven would try my luck through eipo

it is safe to buy on 1st day opening ? since high chances it will sell really high or wait for the following day

how to apply for IPO?

you can apply thru major online banking services also like m2u or eipocimb.com for example.

Gas Malaysia guarantees dividends in first 2 years


Read more: Gas Malaysia guarantees dividends in first 2 years http://www.btimes.com.my/articles/GASDEN-2.../#ixzz1dwvEoQvx

so what is the result for this IPO?

The dividends areto reward shareholders' loyalty over the years, says MMC Corp group managing director


Kuala Lumpur: Gas Malaysia Bhd will pay a guaranteed dividend of 100 per cent and 75 per cent in the first two years, respectively, after floating its shares on Bursa Malaysia in December this year.

MMC Corp Bhd group managing director, Datuk Hasni Harun said Gas Malaysia is on track for a listing as part of MMC's strategy of unlocking value and reducing debt.

"The dividends are also to reward shareholders' loyalty over the years," Hasni told Business Times in an interview last Friday in conjunction with MMC's 100-year anniversary.

MMC and Shapadu Group own 55 per cent of Gas Malaysia. Tokyo Gas-Mitsui & Co (Holdings) Sdn Bhd and Petronas Gas Bhd hold another 25 per cent and 20 per cent, respectively. Petroliam Nasional Bhd (Petronas) also has a golden share in Gas Malaysia.

Gas Malaysia submitted its initial public offer (IPO) request to the Securities Commission on August 23 and is waiting for approval.

"Gas Malaysia's strong balance sheet with zero debt will attract good response for the IPO. MMC is optimistic of Gas Malaysia's prospects as it is poised to deliver strong and sustainable performance driven by continued demand from industrial customers," said Hasni.

Gas Malaysia is the sole supplier of natural gas to the non-power sector and supplies energy to over 31,000 residential and 600 commercial customers as well as industrial costumers throughout Peninsular Malaysia.

The company enjoys strong backing from Petronas and has a long-term agreement with the national oil corporation to supply 300 million standard cubic feet per day of gas.

Gas Malaysia's recession-proof gas reticulation business will continue to provide MMC with a steady stream of cashflow. Hasni revealed that Gas Malaysia's volume grew six per cent in the first half of 2011, underlying stable demand for the product.

Hasni was reported to have said that Gas Malaysia could have a market value of about RM5 billion and raise up to RM167 million. MMC's stake would be diluted to 30.93 per cent from 41.80 per cent.

MMC, controlled by tycoon Tan Sri Syed Mokhtar Al-Bukhary, is also planning other IPOs after Gas Malaysia.

These include 51 per cent unit Malakoff Bhd next year and subsequently either wholly-owned Johor Port Bhd, subsidiary Port of Tanjung Pelepas (PTP) or Johor Port and PTP combined.

"We will see what happens. We want the port business to mature first generating RM300 million or RM400 million of profit by 2013 before we go for listing," Hasni added.

PTP and Johor Port made a pre-tax profit of RM52 million and RM155 million, respectively, in 2010.

Hasni said the listing of the ports is necessary as they are hitting maximum capacity. It would, therefore, need to spend some RM1 billion to expand.

MMC, which operates ports and power plants, is the country's largest container port operator, commanding 40 per cent of Malaysia's total container throughput with a maximum capacity of 8.5 million twenty-foot equivalent units (TEUs) last year.

MMC is also the project delivery partner for the country's RM36 billion mass rapit transit project together with Gamuda Bhd, its joint venture partner.

Read more: Gas Malaysia guarantees dividends in first 2 years http://www.btimes.com.my/Current_News/BTIM...l#ixzz1dyz3aCG6

what the open price will be?

At least also RM 2.50 la... Closing RM 4 haha

since when the IPO opened for public????

MMC Corp Bhd Get ready for Gas Malaysia
(Nov 17, RM2.51)
Maintain trading buy at RM2.52 with revised fair value of RM3.65 (from RM3.47): Following our meeting with management and our Invest Malaysia Hong Kong 2011 event, we note that the Port of Tanjung Pelepas (PTP) has been growing at a stronger-than-expected 15.5% year-to-date in terms of volume, while Johor Port has secured a tariff hike after a 20-year wait and the double-tracking project remains on track.

With numerous large IPO such as Pavilion REIT and Felda Global hogging investor attention, MMC should not be left out in the cold in view of the upcoming Gas Malaysia Bhd IPO. The proposed IPO has secured approvals from Bursa Malaysia, MMC shareholders and the Economic Planning Unit.

All that is holding it back now is the condition requiring Gas Malaysia to sign a new gas supply agreement with Petronas. We understand demand from investors at the indicative IPO price of RM2.20 per share has been strong.

We build into our assumptions: (i) that MMC raises RM307 million from the sale of its 10.9% stake in Gas Malaysia and uses it to pare down its borrowings; (ii) Gas Malaysia’s share price settles atQ RM2, which we build into our sum-of-parts valuation for MMC. This will lift our earnings forecasts by 3% for 2012 and 4% for 2013 as the finance cost savings offset minority interest leakage.

Our sum-of-parts fair value is lifted to RM3.65 and we maintain our “trading buy” call, noting that much depends on the listing of Gas Malaysia. — OSK Research, Nov 17


This article appeared in The Edge Financial Daily, November 18, 2011.

I mean whether it will be listed this year?

Not likely this year. Keep the best for 2012 as a pre-election gift

i bet its gonna be listing 1st-2nd week of jan2012
just nice to collect cash for GE

They keep put news they will list on December!

Just be patient:)

They will list after pavilion and signe the new agreement

how many percent allocated for IPO ?

Demand > Supply...

GAS MALAYSIA WILL FOLLOW ITS PLAN TO LIST ON DECEMBER .

http://www.bursamalaysia.com/website/bm/li...44?OpenDocument


General Announcement
Reference No MI-111125-57755

Submitting Merchant Bank
:
MAYBANK INVESTMENT BANK BERHAD
Company Name
:
MMC CORPORATION BERHAD
Stock Name
:
MMCCORP
Date Announced
:
25/11/2011


Type
:
Announcement
Subject
:
OTHERS

Description
:
MMC CORPORATION BERHAD (“MMC” OR “COMPANY”)

LISTING OF GAS MALAYSIA BERHAD (“GMB”) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“PROPOSED LISTING”)



Announcement Details/Table Section :


We refer to the announcements dated 16 August 2011, 23 August 2011, 28 September 2011, 5 October 2011, 10 October 2011, 19 October 2011 and 3 November 2011 in relation to the Proposed Listing.

On behalf of the Board of Directors of MMC, Maybank Investment Bank Berhad wishes to inform that the Company has been advised by GMB that GMB is still in the midst of complying with the conditions imposed by the Securities Commission for the Proposed Listing as stated in their approval letter dated 7 October 2011 which was announced by MMC on 10 October 2011. In view of the above, the Proposed Listing which was earlier expected to be completed by the fourth quarter of 2011, barring any unforeseen circumstances, is now envisaged to be completed by the first quarter of 2012.

This announcement is dated 25 November 2011.

Gas Malaysia listing delayed to 1Q12

http://www.theedgemalaysia.com/mobile/article.php?id=196836