the said ipo price is rm1.06

maybe and % successfull r very2 low coz partition 2 malaysian public only 2%. of course will be goreng counter ma....

% shareholders after listing

Gas Malaysia shareholding structure (future)
MMC - Shapadu 40.70%
Tokyo Gas - Mitsui 18.50%
Petronas Gas 14.80%
Bumiputera institutional & MITI
investors 11.50%
Malaysian institutional 12.14%
Gas Msia directors and employees 0.36%
Malaysian public 2.00%
100.00%

IPO via an offer for sale.
The listing will be via an offer for sale of a 26% stake in GMSB
proportional to all the current shareholdings held, ie. MMC-Shapadu will sell 14.3% of
GMSB to pare their stake from 55% to 40.7%, Tokyo–Mitsui will sell 6.5% to 18.5% and
Petronas Gas will sell 5.2% to 14.8%. Some 23.6% of the stake will be offered to
institutions.

Valuation of GMSB to be decided.
While the institutional price has yet to be decided via a
book building exercise, we have a DCF value of RM1360.4m for GMSB, or an indicative
RM1.06 per GMSB share. There is no doubt taht MMC would strive to secure a better
pricing than this in its IPO. At this valuation, MMC will raise RM147.9m from its 10.87%
stake sale. If MMC does secure at least this valuation for GMSB, it will be neutral to our
Sum of Parts fair value for MMC as the cash raised will just offset the drop in effective
stake from 41.8% to 30.9%. While the outlook for volume growth remains decent as
demand growth should be strong even with the dimmer global economic outlook, GMSB
will see a halving of its profits going forward due to the change in its gas sales margins
effective 1 June 2011. We are currently forecasting a 6% growth in volume sales for 2011
and 5% for 2012.

not sure but it can be... heard par value is 50cent, and will be sell at 1++, 1/3 from MMCCORP FV

but 2% only for malaysian public

wah, so lucky, hope lucky in 2 method bro, now time to saving a lot, heard, listing on 4th qtr 2011, maybe on oct

maybank investment bro

not yet but will get soon

ha ha, aummmmm,...