IPO: Ranhill Power & Ranhill Utilities, Maybe both under single IPO, maybe split
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 Jul 25 2013, 12:08 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld   
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Usually all this thing already use $$$ to gao dim everything to ensure a smooth listing. I guess someone in Ranhill step on someone toe in Petronas? Haha.. Very rare kind of thing happening
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Jul 25 2013, 01:35 PM
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Junior Member
85 posts Joined: May 2013
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All is not lost!
SC is reviewing Ranhill IPO and investors who subscribed may be offered their money back. Source: theedgemalaysia online http://www.theedgemalaysia.com/business-ne...g-deferred.html |
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Jul 25 2013, 01:52 PM
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Senior Member
785 posts Joined: May 2011
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QUOTE(azlan88 @ Jul 25 2013, 01:35 PM) All is not lost! I m confident that the current ipo holders would be given option to exit from current position. Loosing the licence is material in my opinion. With the current situation all profit forecasts figures as per the prospectus are garbage. Really interesting to see ranhill's move.SC is reviewing Ranhill IPO and investors who subscribed may be offered their money back. Source: theedgemalaysia online http://www.theedgemalaysia.com/business-ne...g-deferred.html  |
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Jul 25 2013, 02:42 PM
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Junior Member
87 posts Joined: Aug 2011
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QUOTE(Bonescythe @ Jul 25 2013, 01:08 PM) Usually all this thing already use $$$ to gao dim everything to ensure a smooth listing. I guess someone in Ranhill step on someone toe in Petronas? Haha.. Very rare kind of thing happening 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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Jul 25 2013, 04:26 PM
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Senior Member
785 posts Joined: May 2011
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If true then a case of integrity down the drain...big shame
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Jul 25 2013, 04:31 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City 
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QUOTE(tottichien @ Jul 25 2013, 02:42 PM) What I heard is: This is a case of withholding material information. P has suspended R's license a few months ago. This is not a day 1 issue. People can sue Ranhill management & make complain to SC. |
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Jul 25 2013, 08:06 PM
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All Stars
17,875 posts Joined: Jan 2005
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Jul 25 2013, 08:23 PM
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All Stars
17,053 posts Joined: Jan 2003
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QUOTE(Afro100 @ Jul 25 2013, 08:21 PM) The permit has since been restored after reaching a resolution with Petronas, WorleyParsons said in a separate statement today Apparently it got reinstated.http://www.businessweek.com/news/2013-07-2...se-suspension-1 does this mean Ranhill got its license back or my reading comprehension fails me? |
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Jul 25 2013, 08:23 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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Maybe now ranhill agree to pay petronas high top management some amount of $$$ after the sale of the ipo ?? Haha
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Jul 25 2013, 08:24 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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That is really malaysia style !!!!!
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Jul 25 2013, 08:33 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City
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Ranhill Worley licence reinstated
Malaysian joint venture allowed back into upstream sector Australia’s WorleyParsons said the suspended licence of its Malaysian joint venture has now been reinstated, allowing it to conduct upstream activities in the country. http://www.upstreamonline.com/live/article1333094.ece |
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Jul 25 2013, 08:36 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City
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QUOTE(Bonescythe @ Jul 25 2013, 08:23 PM) Maybe now ranhill agree to pay petronas high top management some amount of $$$ after the sale of the ipo ?? Haha I don't know how much "they" paid for to be reinstated. Must be "big" amount  |
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Jul 25 2013, 08:39 PM
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All Stars
17,053 posts Joined: Jan 2003
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Another rumours is that the permit was suspended few months back and not just yesterday!
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Jul 25 2013, 08:43 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City
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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! yup, got someone told this thing  |
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Jul 25 2013, 08:49 PM
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Senior Member
3,810 posts Joined: Jan 2006
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QUOTE(davinz18 @ Jul 25 2013, 08:33 PM) Ranhill Worley licence reinstated good news for investors. 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  |
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Jul 25 2013, 08:58 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City
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QUOTE(fiqir @ Jul 25 2013, 08:49 PM) good news for investors. Yup, good news. We wait for "official" announcement from Ranhill Management, then only can enjoy  This post has been edited by davinz18: Jul 25 2013, 08:59 PM |
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Jul 25 2013, 09:51 PM
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Junior Member
165 posts Joined: Feb 2011
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suddenly after ipo, few months later, license revoked again ? malaysia boleh !
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Jul 25 2013, 09:54 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City
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QUOTE(djack @ Jul 25 2013, 09:51 PM) suddenly after ipo, few months later, license revoked again ? malaysia boleh ! Anything can happen in Boleh Land  |
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Jul 25 2013, 10:02 PM
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Senior Member
3,810 posts Joined: Jan 2006
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anything can happen in stock market here, trust yourself. enjoy
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Jul 25 2013, 10:17 PM
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Junior Member
258 posts Joined: Nov 2011
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lesen bawah (downstream) masih gantong ..... lesen atas punya (upstream) tarak gantong ..... dei apa la ...main2 jugak ..... he he...
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