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 IPO: Ranhill Power & Ranhill Utilities, Maybe both under single IPO, maybe split

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davinz18
post Jul 24 2013, 06:24 PM

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QUOTE(fiqir @ Jul 24 2013, 06:19 PM)
DEFERMENT OF LISTING

ranhill ipo postpone to a later date unknown.  wink.gif
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already gone case if like this shakehead.gif
davinz18
post Jul 24 2013, 06:25 PM

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QUOTE(nasT @ Jul 24 2013, 06:19 PM)
i think the quote is uncalled for... insensitive to those who got this shares. shakehead.gif
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just chill bro icon_rolleyes.gif
davinz18
post Jul 24 2013, 09:03 PM

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QUOTE(zitis @ Jul 24 2013, 08:01 PM)
Sincerely apologize for the insensitivity. Thats only my personal view... Im sorry!
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Nothing wrong with your quote. It's just the person "oversensitive", Maybe because he got huge allocation smile.gif
davinz18
post Jul 24 2013, 09:06 PM

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QUOTE(kamrulbj6107 @ Jul 24 2013, 08:35 PM)
easy only to settle the problem. Reduce the ipo price by half, refund the other half and proceed with listing ..... he he he
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hahahahah nice one. I don't think they would reduce the price. We retail investor can only dream smile.gif
davinz18
post Jul 24 2013, 09:41 PM

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QUOTE(john123x @ Jul 24 2013, 09:21 PM)
i ran down the hill to find a 10% discount voucher!!!!!
smile.gif
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Nice One biggrin.gif

+1
davinz18
post Jul 24 2013, 09:49 PM

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QUOTE(tottichien @ Jul 24 2013, 09:45 PM)
Don't put salt on other people's wounds... Those alloted applicants are suffering now. Lesson for AAX and Ranhill: Don't always think that buying IPO can earn first hand money.
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Agree nod.gif
davinz18
post Jul 25 2013, 04:31 PM

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QUOTE(tottichien @ Jul 25 2013, 02:42 PM)
What I heard is:

P has suspended R's license a few months ago. This is not a day 1 issue.
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This is a case of withholding material information.

People can sue Ranhill management & make complain to SC.
davinz18
post Jul 25 2013, 08:33 PM

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Ranhill Worley licence reinstated


Malaysian joint venture allowed back into upstream sector

Australia’s WorleyParsons said the suspended licence of its Malaysian joint venture has now been reinstated, allowing it to conduct upstream activities in the country.

http://www.upstreamonline.com/live/article1333094.ece
davinz18
post Jul 25 2013, 08:36 PM

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QUOTE(Bonescythe @ Jul 25 2013, 08:23 PM)
Maybe now ranhill agree to pay petronas high top management some amount of $$$ after the sale of the ipo ??  Haha
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I don't know how much "they" paid for to be reinstated. Must be "big" amount hmm.gif

davinz18
post Jul 25 2013, 08:43 PM

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QUOTE(Darkmage12 @ Jul 25 2013, 08:39 PM)
Another rumours is that the permit was suspended few months back and not just yesterday!
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yup, got someone told this thing shakehead.gif

davinz18
post Jul 25 2013, 08:58 PM

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QUOTE(fiqir @ Jul 25 2013, 08:49 PM)
good news for investors.   rclxms.gif
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Yup, good news.

We wait for "official" announcement from Ranhill Management, then only can enjoy rclxm9.gif

This post has been edited by davinz18: Jul 25 2013, 08:59 PM
davinz18
post Jul 25 2013, 09:54 PM

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QUOTE(djack @ Jul 25 2013, 09:51 PM)
suddenly after ipo, few months later, license revoked again ? malaysia boleh !
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Anything can happen in Boleh Land biggrin.gif
davinz18
post Jul 26 2013, 02:57 PM

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Cronies hand everywhere..

Kejap Suspend license, kejap restated back license. Only in Boleh Land biggrin.gif
davinz18
post Jul 26 2013, 03:25 PM

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QUOTE(Bonescythe @ Jul 26 2013, 03:21 PM)
Kejap Privatized.. Kejap ini macam, itu macam.. Kejap kejap lagi, company hilang... Jet engine hilang.

Kalau tak dibendungkan, kejap lagi..ada lembu di condominium
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Only in Boleh land biggrin.gif

This post has been edited by davinz18: Jul 26 2013, 03:25 PM
davinz18
post Jul 26 2013, 04:32 PM

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Ranhill listing might see further delay despite reinstated Petronas licence, says analyst

There might be a further delay to energy and water group Ranhill Energy and Resources Bhd’s (RERB) listing to allay jittery investors over the temporary suspension of an unit's Petronas licence, an analyst said today.

Inter-Pacific Securities research chief Pong Teng Siew said he expected the IPO to be delayed further as the hiccup had made investors nervous.

“The SC is very strict for on the stock market operating on an orderly basis but this incident has made investors jittery.

“I envisage that there could be a huge selldown of the stock upon listing and because of this, the SC would want to defer the listing further to allow things to simmer down,” Pong told The Malaysian Insider in Kuala Lumpur today.

Proceeds from the share sale are being safeguarded by two banks and the Malaysian Issuing House Sdn Bhd, RERB said in a statement yesterday.


davinz18
post Jul 26 2013, 06:09 PM

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Ranhill Energy and Resources Bhd IPO cancelled

Ranhill Energy and Resources Bhd’s initial public offer has been cancelled, it was learnt on Friday.

The money collected from the successful applicants would be returned to the investors.
davinz18
post Jul 26 2013, 06:31 PM

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Maybank IB wishes to announce that the Company has today made a press release in connection with the IPO where the Board has decided to withdraw the application for the IPO which was submitted to the Securities Commission Malaysia on 14 January 2013 and not to proceed with the IPO. The Board will ensure that all application/placement monies for the IPO will be refunded to all applicants/investors without interest in a timely manner.

http://announcements.bursamalaysia.com/EDM..._26.07.2013.pdf
davinz18
post Jul 26 2013, 06:38 PM

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QUOTE(hyzam1212 @ Jul 26 2013, 06:30 PM)
We can actually say that Petronas saved us all
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Petronas or "someone influential" complain to SC thus canceling the IPO
davinz18
post Jul 26 2013, 06:56 PM

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The full amount will be refunded to investors not later than 7 August 2013 smile.gif
davinz18
post Jul 27 2013, 02:46 PM

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QUOTE(zitis @ Jul 27 2013, 06:18 AM)
Yeaaa... Good to hear that (even though im not in and never interested with it). I cant imagine if they decide to proceed the ipo.. I know there is something wrong with this company from beginning, thats why i keep to stay away and give negative feedback about it.

Hope no one angry with my statement this time.
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Good2, you made the right decision.

Maybe next time I follow you biggrin.gif

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