agreed. should give option refund. since dont know how much percentage of damage.

if still listing with current ipo price, sure going down. zzz

DEFERMENT OF LISTING

ranhill ipo postpone to a later date unknown.

if using loan to buy this ranhill. pity them.

nothing wrong with that. fact is still fact.

Ranhill assured investors that all the monies were being held held by the placement agents, Maybank Investment Bank Bhd and CIMB Investment Bank Bhd, as well as Malaysian Issuing House Sdn. Bhd.

"In any event, the allotment of the IPO shares to successful applicants as well as the listing of Ranhill has been deferred to a later date. Further details will be announced and necessary disclosures will be made in due course," it said.


> until later date but unknown. but money stuck inside if like that.

Ranhill Energy and Resources Bhd has deferred its RM753 million initial public offering (IPO) after being instructed to do so by the Securities Commission (SC).

Market talk is that regulators will not allow Ranhill's listing until it comes clean on matters related to its O&G unit.

"There is high possibility that Ranhill may be asked to re-submit its listing application and launch a new prospectus," said a source close to the company.

dont worry so much as it not listing yet. but must keep wait for further announcement from SC and bursa. that might be the problem. waiting mode

This post has been edited by fiqir: Jul 25 2013, 09:09 AM

An SC spokesperson yesterday said the commission had instructed Ranhill and its principal adviser, Maybank Investment Bank Bhd, to defer the listing, including the allotment of shares to successful IPO applicants.

"Such deferment will continue until all necessary steps have been taken to ensure that relevant disclosures are made to enable informed investment decisions, and, if necessary, that IPO applicants are given the opportunity to decide whether or not to continue investing in the company," the spokesperson said.

good news for investors.

anything can happen in stock market here, trust yourself. enjoy

Petronas removes Ranhill unit suspension, investors awaiting news on Ranhill Energy's listing

PETALING JAYA: Now that Petroliam Nasional Bhd (Petronas) has lifted its suspension on a key unit of Ranhill Energy and Resources Bhd, investors are keenly awaiting news on the latter’s listing.

At press time, the Securities Commission (SC) had yet to issue a statement. On Wednesday, the SC had instructed the relevant parties to defer Ranhill Energy’s listing date and allotment of shares to investors.

big cornerstone supporting rahill ipo.

dont think too much. enjoy!

This post has been edited by fiqir: Jul 26 2013, 03:47 PM

good move by SC

agreed with u too. now all can focus to sona petroleum ipo

SC do the right thing by withdrawn the listing. i guess its fair for all investor..

this company seem got powerful connection based on their portfolio. but the management level not so ok as it should be.

The Securities Commission, he insists, must give investors in these situations the option of getting their money back. “Their job is to protect us, the shareholders,” the minority investor says.

Market observers also wonder how PRW got its licence restored in the span of a week, noting that the initial suspension by Petronas must have been for good reasons.

The cancellation of this IPO, the first in recent memory, will be conversation fodder for some time to come.

refund if not mistaken early week next month.