New IPO (let discuss about it's.)

Source: The Star may-2012
KUALA LUMPUR: ELK-Desa Resources Bhd has submitted a draft prospectus to the Securities Commission (SC) for its flotation on the Main Market of Bursa Malaysia.

According to the draft prospectus, the company is proposing to make a public issue of 25 million new shares.

This represents 20% of its enlarged paid-up capital under its proposed initial public offering (IPO). Some 15.62 million shares would be allocated for bumiputra investors.

It will also place 4.51 million shares to eligible employees.

The balance of 4.86 million shares will be allocated for the public.

The offer price and the date of the IPO has yet to be announced.

ELK-Desa Resources, through its wholly-owned subsidiary ELK-Desa Capital, is primarily involved in the business of hire-purchase financing for used motor vehicles.

The group is also involved in selling general insurance policies as an insurance agent and trading of used motor vehicles through ELK-Desa Capital’s wholly-owned subsidiaries, ELK-Desa Risk Agency and ELK-Desa Marketing, respectively.




For the financial year ended March 31, 2011 (FY11), ELK-Desa Resources posted a net profit of RM15.28mil against RM13.19mil in the corresponding period a year ago. Its revenue for FY11 rose to RM35.4mil from RM30.89mil previously.




This post has been edited by mbj78: Oct 3 2012, 10:46 PM

i guess will skip this.. waiting for other ipo

me too...

I don't see any reasons to skip.

50 50 now. probably will be IN here.

will look at its offer price first then decide.

what price ? Then decide to apply of skip.

Skip... Next please...

no skip, will apply maximum.

Bravo

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Added on October 6, 2012, 5:56 pmOn 2nd thought maybe apply last minute..albeit small amt rm20k.? Maybe...

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Added on October 6, 2012, 5:57 pmOn 2nd thought maybe apply last minute..albeit small amt rm20k.? Maybe...

This post has been edited by Zamos: Oct 6 2012, 05:57 PM

go go. im in.

Any particular reasons that we the rest not aware?Try to make some sense here.When is the last date for application thru bank?

Its not opened yet for PUBLIC, just through bumiputra special allocation vide MITI.

This post has been edited by amir.marzuki: Oct 7 2012, 02:03 PM

Unico-Desa Plantations Bhd has pegged the public issue of 25 million new ELK-Desa Resources Bhd shares at an offer price of RM1.16 per unit. In a filing with Bursa Malaysia, the company noted that the non-renounceable restricted offer for sale of 13.49m shares in ELK-Desa would be offered for RM1.16 per share. (Financial Daily)

Source: http://klse.i3investor.com/blogs/valueinve...hklse/18605.jsp

This post has been edited by mbj78: Oct 7 2012, 02:24 PM

it looks interesting and the price is nice so why not

There has been turmoil b4...dont know its significant or not...non-bumiputra company I guess

2009

Still a long time to decide...maybe right after astro listing.Anyone has done research?

It's not yet open to public?

I heard MALAKOFF coming soon! Maybe will be out thru MITI next month... If this news is true then should get ready guys.... Prepare ur bullets and attackkkk!