The Star
October 20, 2011
MMC gets go-ahead to list subsidiary

20 Oct 2011 - The Star

PETALING JAYA: Prime Minister Datuk Seri Najib Tun Razak has given his consent to MMC Corp Bhd’s proposed listing of its subsidiary Gas Malaysia Berhad (GMB) on Bursa Malaysia’s Main Market.

In a filling to Bursa Malaysia, MMC said it had received a letter from the Economic Planning Unit of the Prime Minister’s Department to the Energy Commission saying that the Prime Minister had given his written consent for the listing of GMB.



In order the coming 13th GE, This GLC , linked with Petronas , Huge and stable company.

It can 100% can be shoot up. IPO - RM 2.20 , Estimated first day will be RM 3.xx to RM 4.

It was monopoly gas industry company.

May hamtam on this IPO. Same with MSM AND BUMI ARMADA.

GAO GAO

Ya agreed with this! Is whole Malaysia will buy this.

12月上市马股 大马天然气发售价RM2.20

　（吉隆坡31日讯）马矿业（MMCCORP，2194，主要板贸易）获股东批准，子公司大马天然气（Gas Malaysia）料顺利于今年12月上市，每股发售指标价为每股2.20令吉。
　该公司财务董事安华沙兰阿吉指出，该指标价是基于大马天然气过去财务表现及同业的基准等条件作出，且属所给予范围的高端。

　马矿业主席拿督威拉赛阿都嘉巴尔则指，虽然该上市活动赖于市场情况，不过相信很可能在今年内完成。

　马矿业建议通过大马天然气上市，股东献售26%或3亿3384万股。以每股2.20令吉指标价计算，料筹获得7亿3445万令吉。

今年第三大首发股

　大马天然气将是继布米亚马大（ARMADA，5210，主要板贸易）和马来亚糖厂（MSM）后，马股市今年内第三大的首发股。

　完成上述上市活动后，马矿业料获得3亿令吉，赛阿都嘉巴尔指出，有助减轻马矿业的负债水平。

　他今日在马矿业特别股东大会后对记者说，相信大马天然气是高股息股。

　此外，大马天然气若于12月初上市，招股书料于11月底推介。

　针对供散户认购的股票只有区区2.36%，他解释，该公司要保留大马天然气控制权，并让它继续增长，不能售出更多股权，26%大众持股权符合证券监督委员会的指南。

　另外，针对马拉卡（Malakoff）及柔佛港口（Johor Port）的上市传闻，赛阿都嘉巴尔说，现今还处于非常初步的阶段。

Depend on individual... but this share boleh hamtam

大馬氣體上市案通過‧無配股‧無優先認購‧MMC小股東不滿

大馬財經

2011-11-01 14:13

（吉隆坡31日訊）MMC機構（MMCCORP，2194，主板貿服組）今日舉行的股東特大順利通過非直接子公司大馬氣體（Gas Malaysia）的上市計劃，不過MMC小股東對無法獲派發大馬氣體股權，或優先認購大馬氣體股權而感到不滿。

一名小股東質問MMC董事部：“我們這麼多年來鼎力支持MMC，為何董事部沒有顧及我們的利益？為何沒有讓我們優先認購股權，甚至派發股權給我們呢？”

MMC機構主席拿督威拉賽阿都查化解釋，大馬氣體僅是MMC機構的非直接子公司，一旦派發大馬氣體股權予MMC股東，大馬氣體的其他股東也會有同樣的要求，這將造成上市案變得非常複雜。

“我們要強調的是，一切程序都完全符合證券監督委員會設定的股權指南。”

MMC透過旗下MMC－Shahpadu持有大馬氣體的55%股權，為最大單一股東。不過，在完成上市計劃後，MMC在大馬氣體的直接持股權則從41.8%，下降至30.93%，而大馬氣體也從非直接子公司轉變成非直接聯號公司。

總股票獻售中的2%
供大馬公眾認購

目前大馬氣體的其他大股東包括東京天然氣三井物產集團（Tokyo Gas-Mitsui）及國油氣體（PETGAS，6033，主板工業產品組），各持有25%及20%股權。

每股參考價2.20令吉
市值可達28億

大馬氣體的上市案建議獻售3億3千380萬股，或佔總繳足資本的26%股權。以每股2令吉20仙參考價計，預計可籌措7億5千萬令吉，成為今年繼阿瑪達（ARMADA，5210，主板貿服組）之後的第二大上市案。初步估計，大馬氣體市值達28億令吉。

不過，供大馬公眾認購的股權僅佔總股票獻售的2%，大批流向機構投資者，進而引起現場多名小股東不滿，並抨擊與政府積極呼吁上市公司促進股票流通性的舉措背道而馳。

“這根本欠缺公平，董事部不要忘記，在市道不好的時候，機構投資者是先脫售股權的一群，但散戶卻是守候的一群。”

針對上述不滿，大馬氣體上市案的諮詢者馬來亞投資銀行代表指出，在擬定招股內容時，完全依據掛牌公司股權指南，即供公眾認購的股權最低只須訂在2%，並保留50%股權予土著投資者。

“同時，我們須考量各方的利益而擬定最適合的架構，近年來大型上市案如阿瑪達及大馬糖廠（MSM，5202，主板消費品組）都是如此。我們絕對有信心取得26%公眾持股水平。”

威拉賽阿都查化則指出：“我們也須考量整體上僅獻售大馬氣體的26%股權，若我們獻售更多，則導致我們不利，我們還是要保留股權以作為未來成長。”

對於每股2令吉20仙的訂價基準，他說，當中主要以大馬氣體的業務表現、天然氣買賣活動、同儕估值及當前市況為考量，而2令吉20仙也是處於參考價的高端水平。

料12月初上市

威拉賽阿都查化預期大馬氣體將在12月初在馬股主板掛牌，並從11月中開始進行招股，不過仍胥視市場走勢，包括考量潛在的不穩定性。

“我們相信大馬氣體能在今年內上市，為市場帶來另一以股息為導向的股項，但無法排除市場的突發狀況。”

MMC總貸款192億
大馬氣體上市籌資助減債務

截至9月，MMC的總貸款達192億1千萬令吉，不過大馬氣體上市案所帶來的資金，將可協助減低貸款水平，並省下利息開銷。

他指出：“在償還一些債務後，將增強未來的資本架構，以準備應付接下來的捷運及發電廠工程。”

大馬氣體主要負責在大馬半島售賣、推銷及分銷天然氣，不過公司董事經理拿督莫哈末諾坦言，國內天然氣儲備及產量正處於下滑格局，大馬半島超過20%天然氣須從印尼、泰國及越南進口。

“不過，我們相信隨國家石油位於馬六甲的液化天然氣廠房於明年8月建竣後，加上建議在柔佛承建另一廠房，將可重新提高國內天然氣產量。”

拉科夫及柔佛港口
尚未擬定具體上市計劃

談到MMC旗下其他公司的潛在上市計劃，包括馬拉科夫（Malakoff）及柔佛港口（Johor Port），威拉賽阿都查化強調：“目前僅處於初步階段，尚未擬定具體計劃。”

另一方面，針對MMC早前獲政府獻議建造1千兆瓦煤炭發電廠，他不願對此作出回應，僅表示無意評論大馬氣體上市案之外的事項。

分析員預計上述計劃可能涉及55億令吉成本。（星洲日報／財經）

http://biz.sinchew-i.com/node/53288

大马天然气获准上市

财经新闻
财经

2011-11-05 12:46

（八打灵再也4日讯）马矿业（MMCCorp，2194，主板贸服股）子公司——大马天然气（Gas Malaysia），已获大马交易所批准上市。

马银行投资研究代表马矿业向马交所报备指出，已于11月3日接获由马交所发出的函件，马交所同意让大马天然气上市，并发售每股面值50仙的12亿8400万股（相等于6亿4200万令吉），上市于主板贸易服务领域。

同时，大马天然气也需确保公司完全符合主板上市条例。

较早前报道指出，大马天然气将在12月以每股2.20令吉进行首次公开售股（IPO）计划。

http://www.nanyang.com/node/395666?tid=462

Take a look on MSM and BUMI ARMADA...

Will it be same theory with GAS MALAYSIA BERHAD ?

I assume it will be listing on December

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

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

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

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.

They keep put news they will list on December!

Just be patient:)

They will list after pavilion and signe the new agreement

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.

Rumors Said Feb lol.

General Announcement
Reference No MI-120223-60275

Submitting Merchant Bank
:
MAYBANK INVESTMENT BANK BERHAD
Company Name
:
MMC CORPORATION BERHAD
Stock Name
:
MMCCORP
Date Announced
:
23/02/2012


Type
:
Announcement
Subject
:

OTHERS

Description
:

MMC CORPORATION BERHAD (“MMC”)

EXECUTION OF THE AGREEMENT FOR SALE AND PURCHASE OF DRY GAS BETWEEN GAS MALAYSIA BERHAD (“GMB”) AND PETROLIAM NASIONAL BERHAD (“PETRONAS”)


Announcement Details/Table Section :


INTRODUCTION

We refer to our announcement dated 10 October 2011 in relation to the proposed listing of GMB on the Main Market of Bursa Malaysia Securities Berhad.

On behalf of the Board of Directors of MMC, Maybank Investment Bank Berhad is pleased to announce that GMB had on 23 February 2012 entered into a new agreement for the sale and purchase of dry gas (“GSA”) with PETRONAS for the supply of up to 534,143 Gigajoule (which is equivalent to 492 million standard cubic feet per day (MMScfd)) of dry gas from PETRONAS.

The tenure of the GSA is for a period of ten (10) years, commencing from 1 January 2013 until 31 December 2022 with the option to extend for another five (5) years, subject to terms and conditions to be mutually agreed by both parties.

This GSA will replace the existing gas supply agreement which will expire on 31 December 2012.

EFFECTS OF THE GSA

The execution of the GSA is expected to contribute positively to the future earnings of MMC Group.

The execution of the GSA is not expected to have any effect on the issued and paid-up share capital and substantial shareholders’ shareholdings of MMC and is not expected to have any material effect on the net assets per share as well as the gearing of MMC Group.

DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST

None of the Directors and/or major shareholders of MMC and/or persons connected to them have any interest, direct or indirect, in the GSA.

This announcement is dated 23 February 2012.