If you're not a Muslim, then it is okay. No need to be sadden!

If you refer to Bursa link below, then you should know what to do with Shariah or non-Shariah. I am not creating this for discussion but it is a guide for Muslim who is actively involve in stock market.

http://www.bursamalaysia.com/market/islami...ant-securities/

okay. Time to close the debate on Syariah or not. Buy and sell using your own judgement.

Astro offers 1.52 bln shares in Malaysia's 3rd largest IPO

http://biz.thestar.com.my/news/story.asp?f...11&sec=business

KUALA LUMPUR: Astro Malaysia Holdings Bhd, a pay-TV firm, is offering up to 1.52 billion shares in an initial public offering, an updated draft prospectus showed on Wednesday, which could be worth about US$1.75bil in the country's third largest listing this year.

The IPO, expected to list by end-September, comes after high-profile share sales by planter Felda Global Ventures Holdings Bhd in June and IHH Healthcare Bhd in July.

Astro, controlled by tycoon Ananda Krishnan, said the offer represents up to 29.2 percent of its enlarged paid-up capital, of which 597.69 million shares or 11.5% will be offered to Bumiputera investors, confirming what a source with direct knowledge of the matter told Reuters last week.

Another 661.75 million shares or 12.7% will be allocated to other institutional and selected investors, while 259.865 million shares or 5% will be offered to retail investors, Astro said.

Reuters reported last week that the IPO shares for Bumiputera investors would be based on an indicative price of RM3.60 apiece, valuing the indigenous tranche around US$700mil.

Based on that indicative price, the total 1.52 billion shares offered would be worth about RM5.47bil(US$1.75bil).

The company has given no information on pricing of the shares, and an initial draft prospectus released on Aug. 8 did not provide any details on the size of the listing or a time frame for the IPO process.

A separate source with knowledge of the deal said last week that cornerstone investors were likely to be offered a price similar to the bumiputra.

Astro's draft prospectus said it would use 58 percent of the proceeds for capital expenditure -- ranging from investments in new corporate and technical buildings to additional transponders -- while the remainder would be used to repay bank borrowings, for working capital and for listing expenses.

Astro hired CIMB as the transaction manager for the listing. Joint principal advisers are CIMB, Maybank and RHB, according to the prospectus. - Reuters

Source ? From AK ?

What is the final miti price?

Thanks bro. Just want to know the final price to prepare the money!

Astro is coming. Last date of application is 1st Oct and listing date is 19th Oct.

Zitis, are you in ?

I guess many people will apply Astro like the case of Maxis. I am in as well.

Applied 20k shares today. Hope for the best!

http://biz.thestar.com.my/news/story.asp?f...54&sec=business

Astro institutional offer 20 times oversubscribed

KUALA LUMPUR: The institutional offer of Astro Malaysia Holdings Bhd's US$1.5bil (RM4.5bil) initial share sale has been oversubscribed by more than 20 times, two sources with knowledge of the deal said.

The institutional offering of up to 315.75 million shares, or 20.8% of the total offering, had been mostly subscribed at the higher end of an indicative price range of RM2.70RM3.00 per share, the sources said.

Based on the indicative range, the total 1.52 billion shares offered could be worth RM4.1bilRM4.56bil, according to Reuters calculations. The institutional book is expected to close on Oct 3, with listing scheduled on Oct 19, according to its prospectus.

Astro is controlled by Malaysia's second richest man Ananda Krishnan, who has investments in telecoms and energy assets.

The deal is being handled by CIMB Group Holdings Bhd, Malayan Banking Bhd and RHB Capital Bhd. Several foreign banks are also advisers, including UBS AG, Credit Suisse Group AG, Goldman Sachs Group Inc and JPMorgan Chase & Co. - Reuters

Last day to apply! Pls do so if you plan to apply.

2.5 hours more before closing.

All will get 16k. No more no less.

CIMB result out. Share not alloted!

CIMB eIPO zaman.

Maybank not so soon.

Money refunded from CIMB eIPO.

shd be.

Another recod zaman.