Cable television operator Astro All Asia Networks PLC is planning to raise around US$1.5 billion in an IPO in Malaysia. The company is looking to list in the fourth quarter of this year.

Astro has a virtual monopoly on pay-to-watch TV services in Malaysia and operates eight terrestrial radio stations. The company was de-listed from the Malaysian stock exchange following a 2010 buyout by Mr. Krishnan and the investment holding arm of the Malaysian government’s Khazanah Nasional Bhd.

This post has been edited by davinz18: Sep 30 2012, 11:06 PM

This company sure very hot when the IPO opens. The dividend if not mistaken maybe around min 75% of profit, because the listing only involved malaysian operations same like maxis berhad.

First list, then delist, after than few years relist only the malaysian operation. Not many people do what AK did for the company

KUALA LUMPUR, Aug 8 — Astro Malaysia Holdings Bhd, a pay-TV firm owned by the country’s second-richest man Ananda Krishnan, said today it had earmarked 58 per cent of the proceeds raised in its forthcoming listing for capital expenditure.

The flotation, which is expected to raise up to US$1.5 billion (RM4.5 billion), will be Malaysia’s third-largest this year after Felda Global Ventures Holdings Bhd in June and IHH Healthcare Bhd in July.

Astro didn’t disclose how much it expected to raise in total.

Beyond the 58 per cent allocated to capital expenditure it said 29.3 per cent would be used to repay bank borrowings, 8.6 per cent for working capital and the rest for listing expenses, a draft prospectus filed today showed.

Astro, with a residential pay-TV subscriber base of three million in Malaysia, made a pro forma net profit of RM629.62 million for the fiscal year ended January 31, 2012, a 23.9 per cent drop from a year earlier, the prospectus showed. Revenue rose 6.1 per cent.

It said it had hired CIMB as the transaction manager for the listing. Joint principal advisers are CIMB, Maybank and RHB. — Reuters

Astro Malaysia Holdings plans to launch tomorrow premarketing of its 1.52bn-share IPO. The premarketing will end on September 19, a day or two after which the institutional book will be launched.
IFR Asia

Heard from market talk that Astro Malaysia IPO postponed to next year. Can anyone confirm this news

YUP, my best friend mr AK

Don't know what happening to this IPO. Some say postponed next year, others say end oct / early nov listing. Which one true also don't know

Around 22 cornerstone investor are in Astro IPO. Among them are Och-Ziff, Hong Leong family, Areca Capital, Corston Smith, ECM Libra, Great Eastern, Kencana Capital, Nomura AM, Permodalan Nasional Bhd, Chua Ma Yu, hedge fund Anzentus Capital, Antelle Holding Ltd. (Casa Viva), Myriad, TPG Axon and the U.K. pension fund Universities Superannuation Scheme.

Listing on 19 Oct NOT 17 Oct stated in your miti offer

Active Capital Management policy with Payout Ratio of 75% of profit.

I don't know what it mean. What I know they going to pay 75% of profit as dividend. That's the main thing.

Not everyone would like to apply using blue form because only can apply 3000 shares only & got balloting process like normal application. Some investor might even apply using blue form (3k shares) & also eipo/atm. For them it's double chance and also using spouse/ child name to apply.

So blue form or normal application, the change of getting is still slim

Astro institutional offer 20 times oversubscribed. The institutional offering of up to 315.75 million shares, or 20.8 per cent of the total offering, has been mostly subscribed at the higher end of an indicative price range of RM2.70-3.00 per share

Then I'm sure of getting it, 100% allocated
very2 luck to those applied

Malaysian people always like to do things last2 minutes. Apply IPO also last2 minute near to closing time. When the Online system congested or transaction failed, make lot of noise.

ANYWAY few more hours to closing time. Good Luck to those applied. Those intend to apply, good luck ya, because network always get congested when near IPO closing time

less than 1 hour closing application. network congestion rulez

This post has been edited by davinz18: Oct 1 2012, 04:04 PM

LAST CHANCE TO APPLY

Application are officially CLOSED for Retail. Wait for result end of the week, hoping to get this time so can goreng kaw-kaw