Welcome Guest ( Log In | Register )

39 Pages  1 2 3 > » Bottom

Outline · [ Standard ] · Linear+

 IPO: CLIQ Energy Berhad, SPAC on O&G assets in Asia/Oceania

views
     
TSdavinz18
post Aug 3 2012, 04:56 PM, updated 10y ago

начинаещ
*******
Senior Member
7,142 posts

Joined: Oct 2008
From: Sin City



PUBLIC ISSUE OF BETWEEN 200,000,000 AND UP TO 667,000,000 NEW ORDINARY SHARES OF RMO.01 EACH IN OUR COMPANY ("PUBLIC ISSUE SHARES"), TOGETHER WITH BETWEEN 200,000,000 AND UP TO 667,000,000 FREE DETACHABLE WARRANTS ("WARRANTS-A") ON THE BASIS OF 1 WARRANT·A FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED, AT AN ISSUE PRICE OF RMO.75 PER PUBLIC ISSUE SHARE PAYABLE IN FULL UPON APPLICATION
COMPRISING:

- BETWEEN 190,000,000 AND UP TO 657,000,000 PUBLIC ISSUE SHARES TOGETHER
WITH BETWEEN 190,000,000 AND UP TO 657,000,000 WARRANTS·A ON THE BASIS OF 1
WARRANT·A FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED BY WAY OF
PLACEMENT TO SELECTED INVESTORS;

- 10,000,000 PUBLIC ISSUE SHARES TOGETHER WITH 10,000,000 WARRANTS·A ON THE
BASIS OF 1 WARRANT·A FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED
AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD

SPAC listed on the Main Market of Bursa Securities as a company with no operational track record.

The company intend to acquire assets that allow the company for the development and production of oil and gas from a field.



This post has been edited by davinz18: Aug 3 2012, 05:01 PM
nasT
post Aug 3 2012, 05:09 PM

Enthusiast
*****
Senior Member
766 posts

Joined: May 2011
QUOTE(davinz18 @ Aug 3 2012, 04:56 PM)
PUBLIC ISSUE OF BETWEEN 200,000,000 AND UP TO 667,000,000 NEW ORDINARY SHARES OF RMO.01 EACH IN OUR COMPANY ("PUBLIC ISSUE SHARES"), TOGETHER WITH BETWEEN 200,000,000 AND UP TO 667,000,000 FREE DETACHABLE WARRANTS ("WARRANTS-A") ON THE BASIS OF 1 WARRANT·A FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED, AT AN ISSUE PRICE OF RMO.75 PER PUBLIC ISSUE SHARE PAYABLE IN FULL UPON APPLICATION
COMPRISING:

- BETWEEN 190,000,000 AND UP TO 657,000,000 PUBLIC ISSUE SHARES TOGETHER
WITH BETWEEN 190,000,000 AND UP TO 657,000,000 WARRANTS·A ON THE BASIS OF 1
WARRANT·A FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED BY WAY OF
PLACEMENT TO SELECTED INVESTORS;

- 10,000,000 PUBLIC ISSUE SHARES TOGETHER WITH 10,000,000 WARRANTS·A ON THE
BASIS OF 1 WARRANT·A FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED
AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD

SPAC listed on the Main Market of Bursa Securities as a company with no operational track record.

The company intend to acquire assets that allow the company for the development and production of oil and gas from a field.
*
this one i will buy from the open market smile.gif

lesson learnt. but would the reverse prevail.?
xuexueli
post Aug 3 2012, 06:48 PM

Regular
******
Senior Member
1,051 posts

Joined: Jan 2012
What kind of business are they doing?
H86
post Aug 3 2012, 07:49 PM

Getting Started
**
Junior Member
157 posts

Joined: Feb 2012
QUOTE(xuexueli @ Aug 3 2012, 06:48 PM)
What kind of business are they doing?
*
No business currently. Just a empty shell.
john123x
post Aug 3 2012, 07:58 PM

Look at all my stars!!
*******
Senior Member
2,850 posts

Joined: Oct 2005


when they will be listed?
ckinsg
post Aug 3 2012, 09:01 PM

On my way
****
Senior Member
677 posts

Joined: Jul 2012
i will go for it... hope it will be another hibiscus
TSdavinz18
post Aug 4 2012, 02:47 PM

начинаещ
*******
Senior Member
7,142 posts

Joined: Oct 2008
From: Sin City



QUOTE(john123x @ Aug 3 2012, 07:58 PM)
when they will be listed?
*
Not sure when, maybe around sept or oct. Currently got only draft prospectus on SC website.
Azam87
post Aug 17 2012, 08:55 AM

New Member
*
Junior Member
11 posts

Joined: Jun 2006
From: Petaling Jaya


This is definitely going to be growth stock, so one should not anticipate in making short term gain. Similarly like Hibiscus, investors should look at least 6 months time horizon

This post has been edited by Azam87: Aug 17 2012, 08:55 AM
TSdavinz18
post Sep 20 2012, 04:10 PM

начинаещ
*******
Senior Member
7,142 posts

Joined: Oct 2008
From: Sin City



CLIQ Energy Bhd, a special purpose acquisition company (SPAC), will be focusing on the developed or discovered portion in the recourse hierarchy of oil and gas fields upon listing on Bursa Malaysia.

Its chief executive officer Ziyad Elias said the company will focus on oil and gas fields with known and commercially recoverable resources, and oil and gas fields in advanced exploration stage.


praveenmarkandu
post Sep 20 2012, 05:16 PM

Getting Started
**
Junior Member
273 posts

Joined: Jun 2006
QUOTE(davinz18 @ Aug 4 2012, 02:47 PM)
Not sure when, maybe around sept or oct. Currently got only draft prospectus on SC website.
*
where did you get the draft from. when i search the SC website the CLIQ link takes me to the MPHB Capital IPO page (wtf).
**edit: found the actual page. but all the links to the PDFs are broken***

Do they have any conditions like hibiscus (e.g. no approved purchase after 3 years, money is refunded). Also who are the people behind this? Experienced?

This post has been edited by praveenmarkandu: Sep 20 2012, 05:19 PM
TSdavinz18
post Sep 20 2012, 05:53 PM

начинаещ
*******
Senior Member
7,142 posts

Joined: Oct 2008
From: Sin City



QUOTE(praveenmarkandu @ Sep 20 2012, 05:16 PM)
where did you get the draft from. when i search the SC website the CLIQ link takes me to the MPHB Capital IPO page (wtf).
**edit: found the actual page. but all the links to the PDFs are broken***

Do they have any conditions like hibiscus (e.g. no approved purchase after 3 years, money is refunded). Also who are the people behind this? Experienced?
*
bro praveen, the exposure have expired 3 week ago & you cannot access using sc website. The condition and others thing you said I'm not so sure. but if I remember correctly the directors are former shell and petronas executive. If you want the draf you can download at this website => www.ipowatch.com.my/doc/cliq_energy.pdf
I'm lazy to download the full 14mb file.
GloryKnight
post Sep 20 2012, 08:26 PM

Regular
******
Senior Member
1,770 posts

Joined: Dec 2010
From: ~Where White Knights in Shining Armour Unite~
IPO passed by SC already?
TSdavinz18
post Sep 20 2012, 09:37 PM

начинаещ
*******
Senior Member
7,142 posts

Joined: Oct 2008
From: Sin City



QUOTE(GloryKnight @ Sep 20 2012, 08:26 PM)
IPO passed by SC already?
*
Pending Approval from SC. Don't know why so long hmm.gif
ciahcra
post Oct 9 2012, 07:29 PM

Always hungry
*****
Senior Member
897 posts

Joined: Sep 2008


Anyone who want to get this IPO, do let me know. I can help you to get 100% allocation without going through bookbuilding.
hyzam1212
post Oct 10 2012, 08:58 AM

**Fantasista**
******
Senior Member
1,681 posts

Joined: Dec 2010
From: Selhurst Park, N9



QUOTE(ciahcra @ Oct 9 2012, 07:29 PM)
Anyone who want to get this IPO, do let me know. I can help you to get 100% allocation without going through bookbuilding.
*
Care to inform us what method do u want to use? When is the listing?
ciahcra
post Oct 10 2012, 10:57 AM

Always hungry
*****
Senior Member
897 posts

Joined: Sep 2008


QUOTE(hyzam1212 @ Oct 10 2012, 08:58 AM)
Care to inform us what method do u want to use? When is the listing?
*
I'm going to go through private placement, but I need enough numbers before I can go. Min. 1 mill. I'm not sure when is the listing date. If I'm not mistaken they have not announced it yet...
hyzam1212
post Oct 11 2012, 11:59 AM

**Fantasista**
******
Senior Member
1,681 posts

Joined: Dec 2010
From: Selhurst Park, N9



Anybody can provide some insight on SPAC...this is the second SPAC in Malaysia and its also in ONG sector...I got this from here regarding the first SPAC ~ Hibiscus

QUOTE
Main features of this IPO?

Investor Protection – At least 90% of the IPO proceeds will be placed in a trust account managed by an independent custodian which is a trust company, a licensed bank or merchant bank.

Shareholders who vote against a proposed Qualifying Acquisition (QA) are entitled to receive, in exchange for their securities, a pro rata portion of the amount held in trust account (being 90% of the IPO proceeds) if the QA is approved. Hence, the downside risk prior to Qualifying Acquisition (QA) is limited with the refund flexibility of 90% of an investor’s IPO subscription plus interest (net of distribution/liquidation expenses).

The downside risk may be further mitigated by the trading of warrants from the date of listing as this IPO comes with a sweeter of 1 free detachable warrant for each share.

The warrants are tradable on listing date. Exercise price is 50 sens – a discount of 33% to the issue price of 75 sens.

The completion of the QA is within 3 years from the date of listing. If it fails to complete a QA within this time frame, the company will be liquidated and the amount held in trust account (net of taxes and liquidation expenses) will be distributed to shareholders.

Opportunity to invest in a listed oil and gas Exploration & Production company at entry price.

Board and Management team have extensive experience and relevant skills.

abdrahib
post Oct 14 2012, 06:10 PM

Casual
***
Junior Member
317 posts

Joined: Oct 2012
I would like to join U,if it really worth.How much I have to pay U for the commission


Added on October 14, 2012, 6:13 pmSorry,no name mention.Question dedicated to ciahcra

This post has been edited by abdrahib: Oct 14 2012, 06:13 PM
BuFung
post Oct 14 2012, 10:50 PM

Newbie
*******
Senior Member
8,407 posts

Joined: Jun 2005


As far as I heard they have some sort of guarantee scheme but I donno how is it work....

And minimum subscript is RM250k /entry?
ciahcra
post Oct 15 2012, 03:05 PM

Always hungry
*****
Senior Member
897 posts

Joined: Sep 2008


QUOTE(abdrahib @ Oct 14 2012, 06:10 PM)
I would like to join U,if it really worth.How much I have to pay U for the commission


Added on October 14, 2012, 6:13 pmSorry,no name mention.Question dedicated to ciahcra
*
Normal commission for bookbuilding applied. around 2% i think....


Added on October 15, 2012, 3:08 pm
QUOTE(BuFung @ Oct 14 2012, 10:50 PM)
As far as I heard they have some sort of guarantee scheme but I donno how is it work.... 

And minimum subscript is RM250k /entry?
*
guarantee scheme is different, normally they don't charge commission, but you have to pay premium from the IPO price. and yes such scheme normally are not for small amount.

Of course to go for private placement also need at least RM250k, which is why I tried to gather as much interest as possible so that I can enter. further, I knew some people inside, which increase my chance to get full allocation. smile.gif

interested party may register their interest here:

https://docs.google.com/spreadsheet/viewfor...lhIRmc6MQ#gid=0


Added on October 15, 2012, 3:11 pm
QUOTE(hyzam1212 @ Oct 11 2012, 11:59 AM)
Anybody can provide some insight on SPAC...this is the second SPAC in Malaysia and its also in ONG sector...I got this from here regarding the first SPAC ~ Hibiscus
*
CLIQ also has the same exact structure as Hibiscus....you'll get 1 share together with 1 free warrant, which you can trade from 1st day listing....

This post has been edited by ciahcra: Oct 15 2012, 03:11 PM

39 Pages  1 2 3 > » Top
 

Change to:
| Lo-Fi Version
0.0318sec    0.20    6 queries    GZIP Disabled
Time is now: 28th March 2024 - 06:44 PM