Welcome Guest ( Log In | Register )

Bump Topic Add Reply RSS Feed

Outline · [ Standard ] · Linear+

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

views
     
gark
post Jul 17 2013, 06:48 PM

10k Club
********
Senior Member
12,534 posts

Joined: Mar 2009
From: Penang, KL, China, Indonesia....
QUOTE(fiqir @ Jul 17 2013, 06:41 PM)
In addition, 59.043 million shares were reserved for directors and employees of Ranhill and its subsidiaries and also persons who have contributed to the success of the company (restricted offer), it said.

It said a total of 14.23 million that were not subscribed under restricted offer has been made available for subscription under public retail offering.-- Bernama
*
14.23 million shares or 24% of shares offered not taken up by the management/employees. Usually for restricted offer, money will not be a problem as banks are eager to offer financing.

What do they know that we don't know? hmm.gif

This post has been edited by gark: Jul 17 2013, 06:49 PM
gark
post Jul 17 2013, 07:49 PM

10k Club
********
Senior Member
12,534 posts

Joined: Mar 2009
From: Penang, KL, China, Indonesia....
QUOTE(kamrulbj6107 @ Jul 17 2013, 07:04 PM)
because of the moratorium ... they cant sell ...... can sell only after 1 year .....
*
Yes.. means they not willing to keep for 1 year.....

Usually for IPO, hardly got leftover for restricted stock.

Again, something they know, we don't? hmm.gif

Ranhill Power was taken private in 2011 for 530 Million, now re-list for RM 1 Billion. Woo hoo big pay day for someone... rclxms.gif

This post has been edited by gark: Jul 17 2013, 07:50 PM
« Next Oldest · Stock Exchange · Next Newest »
 

Add ReplyOptions
 

Change to:
| Lo-Fi Version
 0.0145sec    0.44    7 queries    GZIP Disabled
Time is now: 16th December 2025 - 09:58 PM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.