tks bro.

good job !!

This IPO is just used to redeem back it's bonds. not good...

why not good? most IPO funding are used to repay debt, like gas malaysia, airasia-x etc.

B_I has a point here. I suppose the prospectus hold the key to shed more info and prospect. What important is the level of bookorder... Potential contracts... Etc etc. cornerstone investor, moratorium blah blah blah...

Ranhill Energy IPO has been confirmed on Thursday. It's on CIMB eIPO website already.

Yup prospectus launched today

sona or ranhill?

The IPO application is not yet available in Maybank2u eShare. When is the cut-off date for application in CIMB?

INITIAL PUBLIC OFFERING OF UP TO 407,000,000 ORDINARY SHARES OF RM1.00 EACH IN RANHILL ENERGY AND RESOURCES BERHAD (“RANHILL”) (“IPO SHARES”) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 961,766,000 ORDINARY SHARES OF RM1.00 EACH IN RANHILL (“SHARES”) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING AN OFFER FOR SALE OF UP TO 77,000,000 EXISTING SHARES (“OFFER SHARES”) AND A PUBLIC ISSUE OF 330,000,000 NEW SHARES (“ISSUE SHARES”) INVOLVING:

(I) INSTITUTIONAL OFFERING OF UP TO 328,721,680 IPO SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (“INSTITUTIONAL PRICE”); AND

(II) RETAIL OFFERING OF 78,278,320 ISSUE SHARES TO THE ELIGIBLE DIRECTORS AND EMPLOYEES OF RANHILL AND ITS SUBSIDIARIES (“RANHILL GROUP”), PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE RANHILL GROUP AND THE MALAYSIAN PUBLIC, AT THE RETAIL PRICE OF RM1.85 PER SHARE (“RETAIL PRICE”), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED HEREIN), IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE,

SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND THE OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF (I) THE RETAIL PRICE; OR (II) THE INSTITUTIONAL PRICE.

Opening: 4 July
Closing: 11 July
Ballot: 15 July
Issue: 29 July
List: 31 July

Exactly duit raya stock...selamat berpuasa

Im not sure if the company is trying to scare us or they are just frankly honest...Check the detail of the risks in the prospectus

Snippets...roughly about 10% of the proceeds is allocated for the expansion of water business in China, others are for resettlement

This post has been edited by hyzam1212: Jul 4 2013, 10:20 AM

If you wanna talk about risk... you could have died yesterday.

normal lah bro...

but on a side note can someone confirm their order book for the oil & gas business only RM 161 mill. this is too little eh.

Haha i knowla normal but this one is near to death already but logically speaking they dont normally detail out the risks if they want to attract buyers...

that is the confirmed order book, no mention watsoever in terms of any expansion...the OnG order book is little maybe due they want to concentrate on the water industry...my guess

This was what I mentioned earlier hyzam. less than 10% used for expansion of business and the rest is like paying debts, however Malaysia GLC stocks like this always turn the tables around. Last time nearly kaput then now this.

anyone investing....Looks like they are on the way to list - good potential here and it looks promising.

Taken from the press:

In the Energy Sector, more specifically our Oil and Gas business, we are proud to be in partnership with Worley Parsons of Australia. Ranhill Worley Parsons has been appointed as one of only two global hubs for the Worley Parsons Group for mega decks, floating production/storage/offloading facilities as well as floating LNG facilities. We have also recently entered into a MOU with Samsung Engineering to co-develop and pursue mutually beneficial business dealings, namely for the tendering of engineering, procurement, construction and installation projects globally and also for the provision of engineering services by us to the engineering, procurement, construction and installation projects secured by Samsung.”

i am giving them benefit of the doubt - looking at their profits and plans, seems like can get some profit.

good for beginner???

Yes, saw that. Need to decide if want to go for it. RM1.85