IPO: Ranhill Power & Ranhill Utilities

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

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davinz18	Jul 27 2013, 02:48 PM Return to original view \| Post #41
начинаещ Senior Member 7,142 posts Joined: Oct 2008 From: Sin City	QUOTE(maxomeara @ Jul 27 2013, 11:23 AM) As an employee of one of RERB's subsidiary, I'm deeply upset by the conduct of the BOD & upper management of RERB. Even our COO was not informed and learnt the news from Star Biz. That's very2 bad. Maybe only those very2 close to the management knows about it
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davinz18	Jul 29 2013, 03:43 PM Return to original view \| Post #42
начинаещ Senior Member 7,142 posts Joined: Oct 2008 From: Sin City	Ranhill should know better about timely disclosure The thing that puzzles many is Ranhill Energy’s failure to make a disclosure on the suspension, as it was a material development coming very close to its listing. Those who had subscribed to the shares should have been informed of the development. Why did it then wait for the news to break and only then respond? Was it trying to contain information so that its listing was not jeopardised? Was it hoping that its appeal to Petronas would reverse the situation and that it would not have to make the disclosure at all? Or, was it that it only wanted to announce the suspension after the listing? That would appear to be an attempt to deceive the market, causing the share price to tank. Regardless of the questions surrounding the issue, Ranhill Energy’s predicament can be understood, because it is not easy to make a decision when your grand day is just around the corner. But in the corporate world where investments are also made by minority shareholders, investors have a right to know. So, there is no room for excuses for non-disclosure.
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davinz18	Jul 30 2013, 04:22 PM Return to original view \| Post #43
начинаещ Senior Member 7,142 posts Joined: Oct 2008 From: Sin City	QUOTE(goldironman @ Jul 30 2013, 03:54 PM) PETALING JAYA (July 29, 2013): Ranhill Energy and Resources Bhd, which withdrew its plans for an initial public offering (IPO) on Friday, said it will refund all monies received to all applicants or investors by Aug 7, 2013, to the respective applicants' address maintained with Bursa Depository.
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davinz18	Jul 30 2013, 05:19 PM Return to original view \| Post #44
начинаещ Senior Member 7,142 posts Joined: Oct 2008 From: Sin City	QUOTE(gsw8895 @ Jul 30 2013, 05:11 PM) thought all the money kept within those investment bank account ? shall do online refund. Payment would be made according to your application method. ATM / Online - Online Form - Cheque MITI - I think Cheque
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davinz18	Jul 30 2013, 05:27 PM Return to original view \| Post #45
начинаещ Senior Member 7,142 posts Joined: Oct 2008 From: Sin City	QUOTE(john123x @ Jul 30 2013, 05:21 PM) after a year or two, ranhill definitely will relist again. because the selling shareholder company wants to cash out a bit to settle debt.... malaysian people forget easily I would remember this IPO failure & would not apply it again. Anything to do with Ranhil or its related companies, I would "blacklisted" it
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davinz18	Jul 31 2013, 04:00 PM Return to original view \| Post #46
начинаещ Senior Member 7,142 posts Joined: Oct 2008 From: Sin City	QUOTE(zitis @ Jul 30 2013, 11:31 PM) Say "NO" to Ranhill... Cheers Agreed
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davinz18	Aug 2 2013, 06:39 PM Return to original view \| Post #47
начинаещ Senior Member 7,142 posts Joined: Oct 2008 From: Sin City	QUOTE(kingofong @ Aug 2 2013, 06:27 PM) i still have not got my refund fr maybank. anybody in the same boat. Maybe next week, They got until 7th (wed) to refund to all allocated investors
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davinz18	Aug 6 2013, 03:56 PM Return to original view \| Post #48
начинаещ Senior Member 7,142 posts Joined: Oct 2008 From: Sin City	Maybe no more fund to repay to all those allocated
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davinz18	Aug 7 2013, 03:07 PM Return to original view \| Post #49
начинаещ Senior Member 7,142 posts Joined: Oct 2008 From: Sin City	QUOTE(hyzam1212 @ Aug 7 2013, 11:19 AM) another latest development for those who 'still' interested...a debt is still a debt huh » Click to show Spoiler - click again to hide... « IPO COMEBACK: Key shareholder may now try to raise money in Singapore, Dubai or Hong Kong RANHILL Energy and Resources Bhd still wants to make a comeback on the stock exchange but this time, it may sell its shares overseas after a disappointing turn of event, here, recently. According to a source, Ranhill Energy's substantial shareholder Tan Sri Hamdan Mohamad is looking at selling the company's shares in Singapore, Dubai or Hong Kong in the next one or two years. "Hamdan is very disappointed that Ranhill Energy could not list on Bursa Malaysia. He is eyeing several options overseas to raise money for the company," the source told Business Times. Ranhill Energy was supposed to have made its debut on Bursa Malaysia on July 31, raising RM753 million. But the Securities Commission (SC) put a brake on the listing and instructed Ranhill Energy to defer its initial public offering (IPO) indefinitely in view of a possible non-disclosure issue. Ranhill Energy's trouble began after Petroliam Nasional Bhd (Petronas) on July 17 suspended the licences of its affiliate company, Perunding Ranhill Worley Sdn Bhd (PRW), for an indefinite period. Petronas suspended the licences for PRW's downstream and upstream activities due to factors concerning a project in Malacca. It has since reinstated the upstream licence but the downstream licence remains suspended. Ranhill Energy depends on Petronas for oil and gas (O&G) support services contracts. Last year, Petronas accounted for 43.4 per cent of its O&G business. Much of the company's exposure to O&G is from the downstream sector. Although the suspension was lifted before the listing date, Ranhill Energy announced on July 26 that it was terminating its IPO. "Hamdan was advised to terminate the IPO because of the reports on the suspension and the SC's request to defer the listing, which would have impacted the share price negatively. "Hamdan is very upset as he has been planning the IPO for more than a year. He has requested his people to study alternative platforms to raise funds," the source said. Hamdan is a well-known corporate figure. He had listed a few companies on Bursa Malaysia for several years, including Ranhill Utilities Bhd and Ranhill Bhd. Both companies were later taken private in 2008 and 2011, respectively. Read more: Ranhill still planning listing http://www.btimes.com.my/Current_News/BTIM...l#ixzz2bFXSgIfB hahahah already failed in Malaysia, now wanna try overseas. I don't think those foreigner would invest. This company already got "bad reputation". Good Luck
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davinz18	Aug 7 2013, 05:33 PM Return to original view \| Post #50
начинаещ Senior Member 7,142 posts Joined: Oct 2008 From: Sin City	Further to the announcement on the Company’s press release dated 26 July 2013, on behalf of the Board of Directors of Ranhill, Maybank Investment Bank Berhad wishes to announce that all application/placement monies received from applicants/investors for the IPO of Ranhill have been duly refunded as of 7 August 2013. This Announcement is dated 7 August 2013.
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