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> IPO: Red Sena Bhd, First F&B SPAC 2015 Listing

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TShyzam1212
post Aug 5 2013, 11:08 AM, updated 6y ago

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PETALING JAYA: The first food and beverage (F&B) special purpose acquisition company (SPAC), named Red Sena Bhd, is expected to hit the market sometime by early next year and will be led by former Fraser & Neave Holdings Bhd (F&N) chief executive officer (CEO) Datuk Tan Ang Meng (pic), industry sources said.

StarBizWeek had speculated in the July 20 cover story on SPACs that Tan was studying the possibility of listing a food and beverage (F&B)-focused SPAC.

Sources said the Red Sena SPAC submission to the Securities Commission should take place by the end of this month and that it was targeting to raise RM500mil through the flotation.

“Initial investors have been secured,” the source said, adding that RHB Investment Bank Bhd is the key advisor in the deal.

The key management team for Red Sena are said to be made up of a number of Tan’s key people during his nine-year tenure as CEO in F&N.

The sources explained that Red Sena’s focus would be on manufacturing, distribution and selling of F&B products to end-users.

These are key areas of focus which has been F&N’s successful niche in Malaysia.

F&N is best known as the purveyor of carbonated soft drink and holds a leading market share in many of the nation’s beverages and dairy products. Its core business is in the manufacture, sale and marketing of soft drinks, dairies, non-carbonated beverages as well as property.

“The management of Red Sena has been instrumental in the growth of F&N in Malaysia in the last decade. They bring expertise in the area of manufacturing, sales and marketing,” said a source close to the deal.

If successful in its application, Red Sena will be the first non-oil and gas SPAC to get listed in Malaysia.

According to sources, promoters of the SPAC are determined to build a home-grown successful F&B group, in an industry which seems dominated by foreign players.

Among the leading F&B players in the market today are F&N (which is Singaporean owned), Danone (French) and Nestle (Swiss).

Sources confirmed that Tan would become CEO of Red Sena. Industry sources said that during his nine-year stint as head honcho there, F&N Malaysia’s earnings grew at a compounded annual growth rate (CAGR) of over 20%.

Presently Tan is also director in United Malacca Bhd and Mega First Corp Bhd.

The role of chief operating officer will be taken up by James Teo, the former managing director of F&N Beverages Marketing Sdn Bhd.

Meanwhile the chief financial officer would be Tan Eng Guan, who was also formerly F&N’s CFO and has some 29 years of experience in the industry, sources said.

The board of directors includes Ismail Abdul Halim, who is an executive director in biscuit company Khong Guan Enterprise Sdn Bhd. Ismail’s expertise is in manufacturing and distribution. Khong Guan is a major biscuit manufacturer in Malaysia with six biscuit factories in the country. Its products are distributed to the South-East Asia markets.

Another member of the team is Ian Yoong, who was formerly senior vice-president for the retail broking division in CIMB Investment Bank Bhd. He would be director in Red Sena, source said, with his area of expertise in fundraising and capital market requirements.

An advisor to the company is Richard Ong Kuee Hwa, who was formerly the chief broadcasting officer in Star Publications (M) Bhd. He is currently a director in Sunrise Bhd and JSPC i-Solutions Bhd.

http://www.thestar.com.my/Business/Busines...management.aspx

red...should bnyk ong thumbup.gif

This post has been edited by hyzam1212: Dec 15 2014, 04:02 PM
fiqir
post Aug 5 2013, 11:22 AM

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still long to go. but seem interesting. biggrin.gif
minshome
post Aug 5 2013, 11:25 AM

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nice...!!
cckkpr
post Aug 5 2013, 12:16 PM

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How nice, getting other ppl monies to do business. Hope the SC maintain its hawkeye approach to such kind of listings.
zamans98
post Aug 5 2013, 03:42 PM

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Nice, standby bullet to apply.
kb2005
post Aug 5 2013, 03:52 PM

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I like SPAC counters. biggrin.gif
bobmali
post Aug 5 2013, 04:23 PM

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QUOTE(kb2005 @ Aug 5 2013, 03:52 PM)
I like SPAC counters. biggrin.gif
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Too many SPAC may lead to the bubble burst. SPAC is purely based on potential....the risk is there
zamans98
post Aug 5 2013, 04:23 PM

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QUOTE(kb2005 @ Aug 5 2013, 03:52 PM)
I like SPAC counters. biggrin.gif
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me too, but this is not O&G SPAC - so maybe less powderfull
Veda
post Aug 5 2013, 04:23 PM

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This SPAC banyak bagus. I'm almost fully invested right now and am reluctant to sell but next year is a long time to go.
davinz18
post Aug 5 2013, 04:33 PM

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F&B spac looks interesting. May consider it when the time comes biggrin.gif
zamans98
post Aug 5 2013, 04:41 PM

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QUOTE(davinz18 @ Aug 5 2013, 04:33 PM)
F&B spac looks interesting. May consider it when the time comes  biggrin.gif
*
Now new businesses are following the SPAC trending.

Hmm, what next? Condom, Gloves, Plantation, Mining (halt), Construction & Property, Finance?

davinz18
post Aug 5 2013, 04:48 PM

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QUOTE(zamans98 @ Aug 5 2013, 04:41 PM)
Now new businesses are following the SPAC trending.

Hmm, what next? Condom, Gloves, Plantation, Mining (halt), Construction & Property, Finance?
*
Every business wanna do SPAC.

Anything can Only in Boleh Land biggrin.gif
fiqir
post Aug 5 2013, 05:03 PM

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QUOTE(zamans98 @ Aug 5 2013, 04:41 PM)
Now new businesses are following the SPAC trending.

Hmm, what next? Condom, Gloves, Plantation, Mining (halt), Construction & Property, Finance?
*
cant simply open spac just like oversea. our spac need to be approve by SC first. biggrin.gif
duckaton
post Aug 5 2013, 05:05 PM

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still long time to wait
kb2005
post Aug 5 2013, 05:11 PM

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SPAC is quite new in Malaysia. I think still has chance to goreng up. This one is F&B, ok to try i think.
kb2005
post Aug 5 2013, 05:14 PM

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QUOTE(zamans98 @ Aug 5 2013, 04:23 PM)
me too, but this is not O&G SPAC - so maybe less powderfull
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First F&B SPAC. I guess listing performce should be not bad.
ah_fui
post Aug 5 2013, 05:34 PM

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spac land !!

just apply
TShyzam1212
post Aug 5 2013, 06:36 PM

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i heard tht this one has been on the plan since before CLIQ introduction...
zamans98
post Aug 6 2013, 05:41 AM

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QUOTE(fiqir @ Aug 5 2013, 05:03 PM)
cant simply open spac just like oversea. our spac need to be approve by SC first.  biggrin.gif
*
that is of course with approval. I wondered if there is no such limitation what can be SPAC or not... then we will see Malaysia as SPAC land very soon...

hando911
post Aug 6 2013, 06:26 AM

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too many ipo

which one should i choose rclxub.gif
vNirvana
post Aug 6 2013, 12:54 PM

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Seem like this spac will have a strong management team behind..

Hope this ipo worth to keep for long term.
Average-Joe
post Dec 9 2013, 04:25 PM

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The name of the company is Red Sena F&B Berhad.

I heard the proposed listing is put on hold pending new SPAC guidelines from SC.

At least 3 more months before they could list on the main market.


nexona88
post Dec 12 2014, 06:37 PM

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Prospectus Exposure
http://www.sc.com.my/red-sena-berhad/
Babizz
post Dec 15 2014, 10:05 AM

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Babizz
post Dec 15 2014, 10:06 AM

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PETALING JAYA: Red Sena Bhd, the first food and beverage (F&B) special purpose acquisition company (SPAC) in Malaysia, is looking to raise RM400mil from its initial public offering (IPO).

In its prospectus exposure, the company said it will offer 800 million new shares at an issue price of 50 sen each.

The shares will also entail the issue of 800 million free detachable warrants with exercise price of 50 sen each, on the basis of one warrant for every one new share.

SPACs are companies which have no operations or income-generating business at the point of its IPO, but undertake a listing for the purpose of acquiring operating companies or assets, known as the qualifying acquisition (QA).

The company, which intends to make its QA in the branded packaged F&B business, will offer 80 million shares together with 80 million free warrants to the public.

The remainder 720 million shares and equal warrants will be placed out to selected investors.

The 800 million new shares will make up for approximately 80% of Red Sena’s enlarged share capital.

The other 20% is held by Raintree F&B Sdn Bhd, the promoter and substantial shareholder of Red Sena, comprising 200 million shares and warrants.

Once listed, Red Sena will have a market capitalisation of RM500mil based on the issue price of 50 sen per share.

Together with proceeds from Raintree, which amount to RM10mil, and the IPO proceeds, Red Sena will raise RM410mil in total.

The company said it will place 92% of its proceeds in the cash trust account, and will use RM368mil for its QA. The balance of the proceeds will be used for listing expenses and working capital, among others.

“Our target qualifying acquisition is expected to be an established business which is in growth phase of its business life cycle and have operations in one of our target countries,” it said.

Source: The Star

It intends to build the company into a regional player in the processed F&B industry with a focus on branded packaged F&B products.

As reported earlier, Red Sena’s promoters will be subject to an extended moratorium period, up to three years of making its QA.

The management of Red Sena consists of former personnel from Fraser & Neave Holdings Bhd (F&N). They include Datuk Tan Ang Meng (pic), Joseph Tan Eng Guan, Tan Sri Koh Kin Lip, Ismail Abdul Halim and Ian Yoong Kah Yin.

Ang Meng is former F&N chief executive officer and will hold the position of chief strategy officer. Eng Guan is Red Sena’s chief executive officer, and previously held the role of chief financial officer in F&N.

Meanwhile, Ismail will be chief financial officer and Yoong will be executive director, business development.

Ismail is an executive director in biscuit company Khong Guan Enterprise Sdn Bhd. His expertise is in manufacturing and distribution.

Yoong was formerly senior vice-president for the retail broking division in CIMB Investment Bank Bhd.

Koh, the founder of Rickoh Holdings Sdn Bhd is Red Sena’s corporate development director.

This post has been edited by Babizz: Dec 15 2014, 10:06 AM
Babizz
post Dec 15 2014, 10:08 AM

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management team very strong indeed..
johnnyzai89
post Dec 15 2014, 10:11 AM

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F&B SPAC

wow, i wonder what would be the next

Manufacturing SPAC?
GloryKnight
post Dec 15 2014, 11:57 AM

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Will not touch SPAC anymore. Unless they have a concrete plan on their QA or acquisitions.
ah_fui
post Dec 15 2014, 02:49 PM

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hand got burnt @@
Hapeng
post Dec 16 2014, 06:41 PM

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will try my hand at it!

Average-Joe
post Dec 24 2014, 04:03 PM

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So far this SPAC seems attractive...strong management team and board line up...extended moratorium...F&B being a lower risk industry...will definitely give it a try! thumbup.gif
L16Winwin
post Dec 28 2014, 05:13 PM

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QUOTE(Average-Joe @ Dec 24 2014, 05:03 PM)
So far this SPAC seems attractive...strong management team and board line up...extended moratorium...F&B being a lower risk industry...will definitely give it a try!  thumbup.gif
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When is the IPO?
wil-i-am
post Jul 16 2015, 11:01 AM

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Red Sena gets green light for Main Market listing
http://www.thestar.com.my/Business/Busines...ting/?style=biz
seehan77
post Jul 16 2015, 11:32 AM

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QUOTE(wil-i-am @ Jul 16 2015, 11:01 AM)
Red Sena gets green light for Main Market listing
http://www.thestar.com.my/Business/Busines...ting/?style=biz
*
When expected to open for MITI?
wil-i-am
post Jul 16 2015, 11:37 AM

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QUOTE(seehan77 @ Jul 16 2015, 11:32 AM)
When expected to open for MITI?
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From the draft Prospectus, there is no allocation specifically for MITI
Average-Joe
post Jul 16 2015, 01:39 PM

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Yeah only private placement to selected investors and usual offering to the public investors.

This F&B SPAC really seems interesting especially at the current market conditions. Considering that SC been so strict to SPAC applicants and even normal IPO applicants. More importantly 3 of out 4 listed SPACs have not found their qualifying assets...it would be interesting to see how would the market players view this SPAC?


roy08
post Oct 2 2015, 10:36 AM

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So does anybody know when is their IPO launch? I'm curious to know about their prospectus smile.gif
donny21
post Oct 12 2015, 04:40 PM

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QUOTE(roy08 @ Oct 2 2015, 10:36 AM)
So does anybody know when is their IPO launch? I'm curious  to know about their prospectus smile.gif
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I doubt they will get listed this year, no news about them as of late
nexona88
post Oct 12 2015, 06:12 PM

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I tot someone mention b4 already cancel hmm.gif blink.gif
wil-i-am
post Oct 12 2015, 06:24 PM

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Based on initial timeline. listing in Nov 2015
wisillichok
post Oct 13 2015, 09:31 PM

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QUOTE(wil-i-am @ Oct 12 2015, 06:24 PM)
Based on initial timeline. listing in Nov 2015
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Based on PP allottment letter, listing is Dec 1 2015

nexona88
post Oct 13 2015, 10:20 PM

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QUOTE(wisillichok @ Oct 13 2015, 09:31 PM)
Based on PP allottment letter, listing is Dec 1 2015
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wah really? hmm.gif

u got offer for PP rclxms.gif notworthy.gif
wil-i-am
post Oct 13 2015, 11:03 PM

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QUOTE(wisillichok @ Oct 13 2015, 09:31 PM)
Based on PP allottment letter, listing is Dec 1 2015
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Great...
Prospectus shld b out in Nov 2015
wisillichok
post Oct 14 2015, 10:59 AM

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QUOTE(wil-i-am @ Oct 13 2015, 11:03 PM)
Great...
Prospectus shld b out in Nov 2015
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Kim Teck Chong ipo is earlier n expected to be listed end of Nov
wil-i-am
post Oct 14 2015, 01:26 PM

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QUOTE(wisillichok @ Oct 14 2015, 10:59 AM)
Kim Teck Chong ipo is earlier n expected to be listed end of Nov
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Ace candidate is gud for trading
Btw, wat is the indicative IPO price?
fyda74
post Oct 14 2015, 01:33 PM

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KTC IPO price is 0.15 and listed on 25 November 2015 smile.gif


QUOTE(wil-i-am @ Oct 14 2015, 02:26 PM)
Ace candidate is gud for trading
Btw, wat is the indicative IPO price?
*
wil-i-am
post Oct 14 2015, 01:35 PM

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QUOTE(fyda74 @ Oct 14 2015, 01:33 PM)
KTC IPO price is 0.15 and listed on 25 November 2015 smile.gif
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Thanks
Did u manage to obtain any shares?
fyda74
post Oct 14 2015, 01:41 PM

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You're most welcome tongue.gif
Not sure yet.
Still awaiting for result ^.^

QUOTE(wil-i-am @ Oct 14 2015, 02:35 PM)
Thanks
Did u manage to obtain any shares?
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wil-i-am
post Oct 14 2015, 01:45 PM

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QUOTE(fyda74 @ Oct 14 2015, 01:41 PM)
You're most welcome  tongue.gif
Not sure yet.
Still awaiting for result ^.^
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I have just check draft Prospectus
They didn't offer any shares under MITI
How did u apply?
nexona88
post Oct 14 2015, 01:48 PM

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QUOTE(fyda74 @ Oct 14 2015, 01:33 PM)
KTC IPO price is 0.15 and listed on 25 November 2015 smile.gif
*
wow nice.. goreng candidate brows.gif

long time no see u blush.gif
fyda74
post Oct 14 2015, 02:21 PM

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PP from my remiser ^.^

QUOTE(wil-i-am @ Oct 14 2015, 02:45 PM)
I have just check draft Prospectus
They didn't offer any shares under MITI
How did u apply?
*
fyda74
post Oct 14 2015, 02:22 PM

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Long time no see too tongue.gif

Busy at work previously ^.^


QUOTE(nexona88 @ Oct 14 2015, 02:48 PM)
wow nice.. goreng candidate  brows.gif

long time no see u  blush.gif
*
wisillichok
post Oct 14 2015, 02:51 PM

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QUOTE(fyda74 @ Oct 14 2015, 02:21 PM)
PP from my remiser ^.^
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Result sud be out by Friday. What is yr minimum?
fyda74
post Oct 14 2015, 02:52 PM

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300k drool.gif

QUOTE(wisillichok @ Oct 14 2015, 03:51 PM)
Result sud be out by Friday. What is yr minimum?
*
tripleA+
post Oct 14 2015, 04:44 PM

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QUOTE(fyda74 @ Oct 14 2015, 02:52 PM)
300k  drool.gif
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Good move...300k units or rm?
fyda74
post Oct 14 2015, 04:55 PM

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Rm300,000 tongue.gif
QUOTE(tripleA+ @ Oct 14 2015, 05:44 PM)
Good move...300k units or rm?
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tripleA+
post Oct 14 2015, 05:02 PM

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QUOTE(fyda74 @ Oct 14 2015, 04:55 PM)
Rm300,000  tongue.gif
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Ok thanks n gud luck..
nexona88
post Oct 14 2015, 06:37 PM

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QUOTE(fyda74 @ Oct 14 2015, 04:55 PM)
Rm300,000  tongue.gif
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nice rclxms.gif
fyda74
post Oct 14 2015, 08:29 PM

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Thanks first tongue.gif

QUOTE(tripleA+ @ Oct 14 2015, 06:02 PM)
Ok thanks n gud luck..
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fyda74
post Oct 14 2015, 08:33 PM

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Hope can get.
My remiser said hard to allocate sleep.gif

QUOTE(nexona88 @ Oct 14 2015, 07:37 PM)
nice  rclxms.gif
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tripleA+
post Oct 15 2015, 12:16 PM

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QUOTE(fyda74 @ Oct 14 2015, 08:33 PM)
Hope can get.
My remiser said hard to allocate sleep.gif
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Very fast learner..now u graduate to PP..
nexona88
post Oct 15 2015, 12:57 PM

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QUOTE(fyda74 @ Oct 14 2015, 08:33 PM)
Hope can get.
My remiser said hard to allocate sleep.gif
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always be positive tongue.gif
ShinG3e
post Oct 16 2015, 03:55 PM

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remisier just called and say listing price at 0.53 with detachable warrant with exercise price of RM0.50.
wisillichok
post Oct 16 2015, 05:42 PM

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QUOTE(ShinG3e @ Oct 16 2015, 03:55 PM)
remisier just called and say listing price at 0.53 with detachable warrant with exercise price of RM0.50.
*
My PP result known 30 Sept
wil-i-am
post Oct 16 2015, 05:42 PM

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QUOTE(ShinG3e @ Oct 16 2015, 03:55 PM)
remisier just called and say listing price at 0.53 with detachable warrant with exercise price of RM0.50.
*
I tot IPO @ 0.50 as per draft Prospectus?
ShinG3e
post Oct 16 2015, 05:55 PM

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QUOTE(wisillichok @ Oct 16 2015, 05:42 PM)
My PP result known 30 Sept
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sry what's PP?

QUOTE(wil-i-am @ Oct 16 2015, 05:42 PM)
I tot IPO @ 0.50 as per draft Prospectus?
*
i would say i can't confirm with you on that... lol

i just received that msg from my trusted remisier. they are looking for private investors with minum purchase of 1bloc = 1 mil shares. not sure the date open to public IPO. sweat.gif
nexona88
post Oct 16 2015, 06:11 PM

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QUOTE(ShinG3e @ Oct 16 2015, 05:55 PM)
sry what's PP?
i would say i can't confirm with you on that... lol

i just received that msg from my trusted remisier. they are looking for private investors with minum purchase of 1bloc = 1 mil shares. not sure the date open to public IPO.  sweat.gif
*
well u already got answer blush.gif

private placement
ShinG3e
post Oct 16 2015, 06:29 PM

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QUOTE(nexona88 @ Oct 16 2015, 06:11 PM)
well u already got answer  blush.gif

private placement
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blush.gif ouh
wan_109
post Oct 17 2015, 07:45 PM

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QUOTE(wisillichok @ Oct 16 2015, 05:42 PM)
My PP result known 30 Sept
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Did you mean 30 Oct? smile.gif
Khai777
post Oct 21 2015, 09:32 PM

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My remiser offered placement min 500K units per block today. But, charges 1% for RHB and wants 0.02cents for "arranger". Thats 4%, so the total "commission" I got to pay is 5%.
Is this the normal charge for private placement?
I declined coz I dont condone undercounter money or any corrupt practises
wil-i-am
post Oct 21 2015, 10:31 PM

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QUOTE(Khai777 @ Oct 21 2015, 09:32 PM)
My remiser offered placement min 500K units per block today. But, charges 1% for RHB and wants 0.02cents for "arranger". Thats 4%, so the total "commission" I got to pay is 5%.
Is this the normal charge for private placement?
I declined coz I dont condone undercounter money or any corrupt practises
*
Tis is norm in the mkt as there is no free lunch around
Having said tat, if u know the 'right' agent, u pay a lot lesser
nexona88
post Oct 21 2015, 10:40 PM

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QUOTE(Khai777 @ Oct 21 2015, 09:32 PM)
My remiser offered placement min 500K units per block today. But, charges 1% for RHB and wants 0.02cents for "arranger". Thats 4%, so the total "commission" I got to pay is 5%.
Is this the normal charge for private placement?
I declined coz I dont condone undercounter money or any corrupt practises
*
well u reject, there's a lot others waiting in line to buy blush.gif sweat.gif
Khai777
post Oct 22 2015, 06:18 AM

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QUOTE(wil-i-am @ Oct 21 2015, 10:31 PM)
Tis is norm in the mkt as there is no free lunch around
Having said tat, if u know the 'right' agent, u pay a lot lesser
*
I see.. Maybe at 4% there r a lot of layers to feed wink.gif
Khai777
post Oct 22 2015, 06:21 AM

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QUOTE(nexona88 @ Oct 21 2015, 10:40 PM)
well u reject, there's a lot others waiting in line to buy blush.gif sweat.gif
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Im sure of that Nexon, but its OK.
wil-i-am
post Oct 22 2015, 07:34 PM

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Red Sena signs underwriting agreement for proposed IPO
http://www.thestar.com.my/Business/Busines...-IPO/?style=biz
ShinG3e
post Oct 22 2015, 08:04 PM

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As 90% of the shares have been made available to selected investors by way of private placement, only the retail portion representing 10% of the remaining IPO shares is being underwritten.

hmm.gif
nexona88
post Oct 22 2015, 10:24 PM

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QUOTE(ShinG3e @ Oct 22 2015, 08:04 PM)
As 90% of the shares have been made available to selected investors by way of private placement, only the retail portion representing 10% of the remaining IPO shares is being underwritten.

hmm.gif
*
10% already 80mil shares sweat.gif
Khai777
post Oct 23 2015, 08:58 AM

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QUOTE(ShinG3e @ Oct 22 2015, 08:04 PM)
As 90% of the shares have been made available to selected investors by way of private placement, only the retail portion representing 10% of the remaining IPO shares is being underwritten.

hmm.gif
*
Wow.. If the private placement holders sells for quick profit, we may see a lot of decline on listing day ? blink.gif blink.gif
ShinG3e
post Oct 23 2015, 10:40 AM

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QUOTE(Khai777 @ Oct 23 2015, 08:58 AM)
Wow.. If the private placement holders sells for quick profit, we may see a lot of decline on listing day ?  blink.gif  blink.gif
*
anything can happen. laugh.gif
alphahobo
post Oct 23 2015, 10:43 AM

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IPO game is different. Collecting funds now, perhaps can get this thru IPO
wil-i-am
post Oct 23 2015, 10:48 AM

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QUOTE(Khai777 @ Oct 23 2015, 08:58 AM)
Wow.. If the private placement holders sells for quick profit, we may see a lot of decline on listing day ?  blink.gif  blink.gif
*
With the pent up demand, price unlikely to decline within 1st hour
nexona88
post Oct 23 2015, 11:49 AM

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goreang-able counter tongue.gif biggrin.gif blush.gif
TShyzam1212
post Oct 23 2015, 12:41 PM

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fr spacs history...easy money will be the "free' warrants
ShinG3e
post Oct 23 2015, 04:16 PM

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QUOTE(nexona88 @ Oct 23 2015, 11:49 AM)
goreang-able counter tongue.gif  biggrin.gif  blush.gif
*
going long term lol tongue.gif
Eu.Gene
post Oct 25 2015, 05:36 PM

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Sharing to dear LYN member from my source:

IPO Price: RM0.50

IPO Date : 6th December 2015

12 Month Conservative Target Price : RM0.80 - RM1.00

Top Three Reasons Why Red Sena Is Good Buy

Red Sena directors are substantially well experienced which include former F&N chief executive officer Datuk Tan Ang Meng, Joseph Tan Eng Guan, Tan Sri Koh Kin Lip, Ismail Abdul Halim and Ian Yoong Kah Yin, all from F&N Holdings Bhd.

Red Sena is highly positioned to be a syariah compliant food beverage regional player given Malaysia international halal hub and the massive no of acquiree targets available in Malaysia.

Low risk IPO stock as 92% money will be paid back if no acquisition is made in three years. In addtion, a sweetener is given with one call warrant for every one stock."

wil-i-am
post Oct 25 2015, 07:57 PM

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QUOTE(Eu.Gene @ Oct 25 2015, 05:36 PM)
Sharing to dear LYN member from my source:

IPO Price: RM0.50

IPO Date : 6th December 2015

12 Month Conservative Target Price : RM0.80 - RM1.00

Top Three Reasons Why Red Sena Is Good Buy

Red Sena directors are substantially well experienced which include former F&N chief executive officer Datuk Tan Ang Meng, Joseph Tan Eng Guan, Tan Sri Koh Kin Lip, Ismail Abdul Halim and Ian Yoong Kah Yin, all from F&N Holdings Bhd.

Red Sena is highly positioned to be a syariah compliant food beverage regional player given Malaysia international halal hub and the massive no of acquiree targets available in Malaysia.

Low risk IPO stock as 92% money will be paid back if no acquisition is made in three years. In addtion, a sweetener is given with one call warrant for every one stock."

*
IPO date refers to:-
1. Issuance of Prospectus or Listing date;
2. 6th Dec is Sun rclxub.gif
nexona88
post Oct 25 2015, 08:18 PM

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QUOTE(Eu.Gene @ Oct 25 2015, 05:36 PM)
Sharing to dear LYN member from my source:

IPO Price: RM0.50

IPO Date : 6th December 2015

12 Month Conservative Target Price : RM0.80 - RM1.00

Top Three Reasons Why Red Sena Is Good Buy

Red Sena directors are substantially well experienced which include former F&N chief executive officer Datuk Tan Ang Meng, Joseph Tan Eng Guan, Tan Sri Koh Kin Lip, Ismail Abdul Halim and Ian Yoong Kah Yin, all from F&N Holdings Bhd.

Red Sena is highly positioned to be a syariah compliant food beverage regional player given Malaysia international halal hub and the massive no of acquiree targets available in Malaysia.

Low risk IPO stock as 92% money will be paid back if no acquisition is made in three years. In addtion, a sweetener is given with one call warrant for every one stock."

*
6th December 2015 typo error? hmm.gif
wisillichok
post Oct 25 2015, 10:55 PM

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QUOTE(Khai777 @ Oct 22 2015, 06:18 AM)
I see.. Maybe at 4% there r a lot of layers to feed wink.gif
*
4% is very very cheap

wil-i-am
post Oct 25 2015, 10:58 PM

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QUOTE(wisillichok @ Oct 25 2015, 10:55 PM)
4% is very very cheap
*
How much u paid?
nexona88
post Oct 25 2015, 11:05 PM

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QUOTE(wisillichok @ Oct 25 2015, 10:55 PM)
4% is very very cheap
*
oh really? normally how much? hmm.gif
wan_109
post Oct 26 2015, 04:36 PM

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15 December.

http://www.thestar.com.my/Business/Busines...c-15/?style=biz
donny21
post Nov 4 2015, 02:59 PM

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QUOTE(hyzam1212 @ Oct 23 2015, 12:41 PM)
fr spacs history...easy money will be the "free' warrants
*
ya investors benefit additional value in this investment at no cost
wil-i-am
post Nov 4 2015, 03:15 PM

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QUOTE(donny21 @ Nov 4 2015, 02:59 PM)
ya investors benefit additional value in this investment at no cost
*
Benefit from warrant but mother share will b below water
Thus, need to look from 'total package' perspective instead of "silo"
wil-i-am
post Nov 16 2015, 09:26 AM

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Red Sena placement oversubscribed
http://www.thestar.com.my/Business/Busines...ibed/?style=biz
wil-i-am
post Nov 16 2015, 09:33 AM

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Prospectus will b launch on 18/11
sl3ge
post Nov 16 2015, 02:03 PM

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QUOTE(fyda74 @ Oct 14 2015, 04:55 PM)
Rm300,000  tongue.gif
*
Bro, may i know is it private placement?

if RM300k if really kena, will get how many RM? thumbup.gif

This post has been edited by sl3ge: Nov 16 2015, 02:04 PM
nexona88
post Nov 16 2015, 02:09 PM

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Among the eight investors taking up blocks of the private placement shares are notable private investor Brahmal Vasudevan and other large asset management companies who bought the shares for their high net worth clients.

These companies include RHB Asset Management Sdn Bhd, Affin Hwang Asset Management Bhd, UOB Asset Management Bhd and Maybank Asset Management Sdn Bhd.
ShinG3e
post Nov 16 2015, 02:13 PM

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QUOTE(sl3ge @ Nov 16 2015, 02:03 PM)
Bro, may i know is it private placement?

if RM300k if really kena, will get how many RM? thumbup.gif
*
what?
zamans98
post Nov 17 2015, 01:52 PM

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Private placement is not a guarantee to get any.

anyway, if you firmly believe the price will appreciate, why not just buy during listing day, or few days later?


nexona88
post Nov 17 2015, 02:05 PM

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Private placement pun oversubscribed. apa lagi lu mau
wil-i-am
post Nov 17 2015, 02:11 PM

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QUOTE(zamans98 @ Nov 17 2015, 01:52 PM)
Private placement is not a guarantee to get any.

anyway, if you firmly believe the price will appreciate, why not just buy during listing day, or few days later?
*
Unless u pay slightly higher premium to runner, then u will get some biggrin.gif
ILoveLalat.net
post Nov 17 2015, 02:15 PM

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Another IPO so fast? I skipped this time!

This post has been edited by ILoveLalat.net: Nov 17 2015, 02:15 PM
wil-i-am
post Nov 17 2015, 02:54 PM

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QUOTE(ILoveLalat.net @ Nov 17 2015, 02:15 PM)
Another IPO so fast? I skipped this time!
*
1 competitor have pull out biggrin.gif
alphahobo
post Nov 17 2015, 02:59 PM

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prospectus out tomorrow?
ILoveLalat.net
post Nov 17 2015, 03:05 PM

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QUOTE(wil-i-am @ Nov 17 2015, 02:54 PM)
1 competitor have pull out  biggrin.gif
*
I'm never interested with Red Sena. Besides, since so many were disappointed with the result, I should step aside. But I will return for Bison if it goes IPO soon.

But of course always remember, 1 down, another 3,000+ to go. icon_rolleyes.gif
wil-i-am
post Nov 17 2015, 03:09 PM

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QUOTE(alphahobo @ Nov 17 2015, 02:59 PM)
prospectus out tomorrow?
*
Yes (tba)
kb2005
post Nov 17 2015, 03:10 PM

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QUOTE(ILoveLalat.net @ Nov 17 2015, 02:15 PM)
Another IPO so fast? I skipped this time!
*
Thank you bro! biggrin.gif
nexona88
post Nov 17 2015, 03:40 PM

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QUOTE(ILoveLalat.net @ Nov 17 2015, 03:05 PM)
I'm never interested with Red Sena. Besides, since so many were disappointed with the result, I should step aside. But I will return for Bison if it goes IPO soon.

But of course always remember, 1 down, another 3,000+ to go. icon_rolleyes.gif
*
nowadays there's high competition on IPO sweat.gif

gone are the days where u could get easy sad.gif
zamans98
post Nov 17 2015, 04:02 PM

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QUOTE(wil-i-am @ Nov 17 2015, 02:11 PM)
Unless u pay slightly higher premium to runner, then u will get some  biggrin.gif
*
if i really want that, better buy market.

In the mean time, you cash is locked for ~2 weeks.
Do you know what it means?
1. you lose interest
2. can use to buy other stocks bluechip counters which can give you higher return.
wil-i-am
post Nov 17 2015, 04:11 PM

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QUOTE(zamans98 @ Nov 17 2015, 04:02 PM)
if i really want that, better buy market.

In the mean time, you cash is locked for ~2 weeks.
Do you know what it means?
1. you lose interest
2. can use to buy other stocks bluechip counters which can give you higher return.
*
U may miss the opportunity if yo total cost is low (assume 0.53 instead of IPO 0.50) -v- debut price @ 0.60

zamans98
post Nov 17 2015, 06:40 PM

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QUOTE(wil-i-am @ Nov 17 2015, 04:11 PM)
U may miss the opportunity if yo total cost is low (assume 0.53 instead of IPO 0.50) -v- debut price @ 0.60
*
true, but over the time, surely got MEGA SALES.

wil-i-am
post Nov 17 2015, 06:43 PM

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QUOTE(zamans98 @ Nov 17 2015, 06:40 PM)
true, but over the time, surely got MEGA SALES.
*
No need to wait n just strike while the iron is hot
zamans98
post Nov 17 2015, 06:44 PM

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QUOTE(wil-i-am @ Nov 17 2015, 06:43 PM)
No need to wait n just strike while the iron is hot
*
i have different view based on experience.

iron can be reshaped again.
wil-i-am
post Nov 17 2015, 06:45 PM

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QUOTE(zamans98 @ Nov 17 2015, 06:44 PM)
i have different view based on experience.

iron can be reshaped again.
*
Can share the secret?
kb2005
post Nov 17 2015, 07:43 PM

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QUOTE(wil-i-am @ Nov 17 2015, 06:45 PM)
Can share the secret?
*
KNM secret?
nexona88
post Nov 17 2015, 07:59 PM

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QUOTE(kb2005 @ Nov 17 2015, 07:43 PM)
KNM secret?
*
what? hmm.gif
kb2005
post Nov 17 2015, 08:01 PM

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QUOTE(nexona88 @ Nov 17 2015, 07:59 PM)
what?  hmm.gif
*
Old story. We talked a lot during KNM time. Many forumers made big money from KNM. biggrin.gif
nexona88
post Nov 17 2015, 08:02 PM

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QUOTE(kb2005 @ Nov 17 2015, 08:01 PM)
Old story. We talked a lot during KNM time. Many forumers made big money from KNM. biggrin.gif
*
good leh rclxms.gif rclxm9.gif
wil-i-am
post Nov 17 2015, 09:15 PM

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QUOTE(kb2005 @ Nov 17 2015, 07:43 PM)
KNM secret?
*
Recall a bit
mindful
post Nov 17 2015, 09:33 PM

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can someone share the knm story?
mindful
post Nov 17 2015, 09:41 PM

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This stock is rather difficult to gauge unless O&G SPAC during oil boom. A first in F&B in Malaysia (and the world maybe??) in a cautious market sentiment. My view is justified by the fact the subscription rate of private placement is not even published. The stock could just marginally oversubscribed.

Or my view is contrary to the actual market view. Good sentiment for speculative stock now and it may earn 5% overall upon 1st day and more towards longer run given management's experience?
wil-i-am
post Nov 18 2015, 07:06 AM

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Awaiting the launching of Prospectus today
wil-i-am
post Nov 18 2015, 08:55 AM

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Red Sena targets IRR of 9%
http://www.thestar.com.my/Business/Busines...of-9/?style=biz
tehoice
post Nov 18 2015, 09:06 AM

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QUOTE(wil-i-am @ Nov 18 2015, 08:55 AM)
they were rejected earlier for not providing the IRR in the prospectus right. haha....

later i reply to the other thread.
wil-i-am
post Nov 18 2015, 09:17 AM

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Prospectus out
http://www.bursamalaysia.com/market/listed...cements/4922773
wil-i-am
post Nov 18 2015, 09:17 AM

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Opening of application 18 Nov 2015
Closing of application 27 Nov 2015
Balloting of application 01 Dec 2015
Allotment of IPO shares to successful applicants 04 Dec 2015
Tentative listing date 10 Dec 2015

adrian0229
post Nov 18 2015, 09:38 AM

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QUOTE(wil-i-am @ Nov 18 2015, 09:17 AM)
Opening of application  18 Nov 2015
Closing of application  27 Nov 2015
Balloting of application  01 Dec 2015
Allotment of IPO shares to successful applicants  04 Dec 2015
Tentative listing date  10 Dec 2015
*
william...from your experience, which 1 more potential? ktcc or this?
wil-i-am
post Nov 18 2015, 09:42 AM

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QUOTE(adrian0229 @ Nov 18 2015, 09:38 AM)
william...from your experience, which 1 more potential? ktcc or this?
*
From the past, SPAC
Right now, Ppl target Ktcc due to penny stock plus Ace
ILoveLalat.net
post Nov 18 2015, 10:14 AM

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SPAC companies are tend to be unforgiving of late. But of course I am not sure if it is right to say, any chances that SPAC are underperforming so happens to be in the oil and gas industry. Looking at Red Sena different business, it could be different this time around because it is no where associated to the commodity price.

Just a fundamental idea. nod.gif
TShyzam1212
post Nov 18 2015, 12:16 PM

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they will not go for franchise biz

apollo cocoaland yee lee spritzer

any close connection to the top management?
ShinG3e
post Nov 18 2015, 12:23 PM

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QUOTE(hyzam1212 @ Nov 18 2015, 12:16 PM)
they will not go for franchise biz

apollo cocoaland yee lee spritzer

any close connection to the top management?
*
probably aiming for F&B manufacturers or well established well non franchise brand.
ILoveLalat.net
post Nov 18 2015, 12:56 PM

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QUOTE(wil-i-am @ Nov 18 2015, 09:17 AM)
Opening of application  18 Nov 2015
Closing of application  27 Nov 2015
*
I just realized that the application is obly open for one and a half week. Very confident of them. sweat.gif
TShyzam1212
post Nov 18 2015, 01:17 PM

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QUOTE(ShinG3e @ Nov 18 2015, 12:23 PM)
probably aiming for F&B manufacturers or well established well non franchise brand.
*
yap..i tot there is a hint on this statement

QUOTE
Joseph explained that Red Sena is eyeing regional F&B business with particular interest in “branded packaged” F&B business that bear the halal certification.

It is targeting to acquire products that are branded, packaged, and ready to be consumed that are also pork- and alcohol-free.

“We are not going into restaurant franchising business,” Joseph stressed

Among the listed companies on Bursa that are in the branded packaged F&B business are Apollo Food Holdings Bhd with a market capitalisation of RM416mil, Cocoaland Holdings Bhd (RM478.2mil), Yee Lee Corp Bhd (RM349mil) and Spritzer Bhd (RM291.8mil).

“If the business that we are going to acquire do not have a halal certification, it has to be free from pork and alcohol. Ultimately we will apply for the halal certification because this would widen the customers base,” Ang Meng said.

peri peri
post Nov 18 2015, 01:35 PM

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50C is seems high for spac nowaday
nexona88
post Nov 18 2015, 01:38 PM

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QUOTE(peri peri @ Nov 18 2015, 01:35 PM)
50C is seems high for spac nowaday
*
what price u consider "reasonable" hmm.gif
ShinG3e
post Nov 18 2015, 02:22 PM

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QUOTE(nexona88 @ Nov 18 2015, 01:38 PM)
what price u consider "reasonable"  hmm.gif
*
since there is no PE or whatsover, probably can benchmark against apollo, cocoaland etc?

30c good buy blush.gif
wil-i-am
post Nov 18 2015, 02:24 PM

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QUOTE(ILoveLalat.net @ Nov 18 2015, 12:56 PM)
I just realized that the application is obly open for one and a half week. Very confident of them. sweat.gif
*
I wud say they dun have confident
SURE ANGPOW
post Nov 18 2015, 02:50 PM

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QUOTE(peri peri @ Nov 18 2015, 01:35 PM)
50C is seems high for spac nowaday
*
PRGGGHHHHHHHHHHHHHHHHHH.......!

all the SPAC DEAD RAT in KLSE >> REACH , SONA , CLIQ all BUNGKUSSS... sad.gif cry.gif rclxub.gif
[SIZE=7]
Average-Joe
post Nov 18 2015, 03:27 PM

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They are not worried as 90% of their offering has been taken up via private placement and it was actually oversubscribed. So if the retail offering application falls below 10%, there is a "clawback and reallocation" mechanism to give to those investors who were not successful under the private placement. Even if there is no taker, the 10% is already fully underwritten by the underwriters.
ej71
post Nov 18 2015, 03:41 PM

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I will IN tis counter, the reason is they hv a good n strong management team(all former F&N big big guys);F n B counter in klse now all is very good sentiment; The CEO of Red Sena Mr Tan is also as a local famous fund adviser-Creador Fund
wil-i-am
post Nov 18 2015, 03:47 PM

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QUOTE(peri peri @ Nov 18 2015, 01:35 PM)
50C is seems high for spac nowaday
*
50c is the lowest price for past SPACs
Hibiscs, Cliq n Reach @ 0.75 whereas Sona @ 0.50
nexona88
post Nov 18 2015, 04:03 PM

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QUOTE(ShinG3e @ Nov 18 2015, 02:22 PM)
since there is no PE or whatsover, probably can benchmark against apollo, cocoaland etc?

30c good buy  blush.gif
*
wah 30c very low blush.gif
kb2005
post Nov 18 2015, 04:14 PM

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QUOTE(nexona88 @ Nov 18 2015, 04:03 PM)
wah 30c very low  blush.gif
*
30cents wait long long.
nexona88
post Nov 18 2015, 04:23 PM

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QUOTE(kb2005 @ Nov 18 2015, 04:14 PM)
30cents wait long long.
*
wait until long neck tongue.gif laugh.gif
ShinG3e
post Nov 18 2015, 04:40 PM

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QUOTE(kb2005 @ Nov 18 2015, 04:14 PM)
30cents wait long long.
*
QUOTE(nexona88 @ Nov 18 2015, 04:23 PM)
wait until long neck  tongue.gif  laugh.gif
*
no harm putting 30c ipo in my christmas wishlist. tongue.gif
ej71
post Nov 20 2015, 01:51 PM

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Y not much discuss on tis IPO?no confident....!?
fyda74
post Nov 20 2015, 03:05 PM

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Will try to apply a bit tongue.gif
Try my luck ^.^

QUOTE(ej71 @ Nov 20 2015, 02:51 PM)
Y not much discuss on tis IPO?no confident....!?
*
TShyzam1212
post Nov 20 2015, 03:18 PM

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spac aka empty box company...

maybe try some
wil-i-am
post Nov 20 2015, 03:22 PM

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SPAC promoters will say thank you to all who subscribed

nexona88
post Nov 20 2015, 03:29 PM

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QUOTE(ej71 @ Nov 20 2015, 01:51 PM)
Y not much discuss on tis IPO?no confident....!?
*
still have time blush.gif
kb2005
post Nov 20 2015, 04:25 PM

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QUOTE(hyzam1212 @ Nov 20 2015, 03:18 PM)
spac aka empty box company...

maybe try some
*
Yes empty box. Look at Sona and Hisbisc. Until today not even single drop of oil found! But all directors are taking VIP salary.
nexona88
post Nov 20 2015, 04:32 PM

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QUOTE(kb2005 @ Nov 20 2015, 04:25 PM)
Yes empty box. Look at Sona and Hisbisc. Until today not even single drop of oil found! But all directors are taking VIP salary.
*
makan gaji buta while we investors sweat.gif
TShyzam1212
post Nov 20 2015, 04:44 PM

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QUOTE(kb2005 @ Nov 20 2015, 04:25 PM)
Yes empty box. Look at Sona and Hisbisc. Until today not even single drop of oil found! But all directors are taking VIP salary.
*
empty box yes...so we r just empty talking hehe dats y not much to talk abt...just joking...

been trying to put my wife in one of the company but to no avail...trying imdb now tongue.gif
wil-i-am
post Nov 21 2015, 07:24 AM

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SPACs' new challenge to convince investors their money is well utilized
http://www.thestar.com.my/Business/Busines...tors/?style=biz

The same principle works the other way round here where investor new challenge to convince promoters issue shares to them
sl3ge
post Nov 22 2015, 09:09 PM

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Guys one quick question,
underage child is it able to apply ipo?

means from open cds account to open bank account.
nexona88
post Nov 22 2015, 10:50 PM

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QUOTE(sl3ge @ Nov 22 2015, 09:09 PM)
Guys one quick question,
underage child is it able to apply ipo?

means from open cds account to open bank account.
*
min 18yo to open CDS account icon_rolleyes.gif
kennykong85
post Nov 24 2015, 10:52 AM

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min to subscribe this ipo is 100 unit?

I would means 5k right? IPO not necessarily kena 1. i never hav luck on getting ipo...
wil-i-am
post Nov 24 2015, 11:04 AM

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QUOTE(kennykong85 @ Nov 24 2015, 10:52 AM)
min to subscribe this ipo is 100 unit?

I would means 5k right? IPO not necessarily kena 1. i never hav luck on getting ipo...
*
100 units = RM50 only
ShinG3e
post Nov 24 2015, 12:03 PM

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QUOTE(kennykong85 @ Nov 24 2015, 10:52 AM)
min to subscribe this ipo is 100 unit?

I would means 5k right? IPO not necessarily kena 1. i never hav luck on getting ipo...
*
lol what

price is 50sen per unit.

plus RM1 application fee and 0.06 sen for GST.
nexona88
post Nov 24 2015, 12:12 PM

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QUOTE(kennykong85 @ Nov 24 2015, 10:52 AM)
min to subscribe this ipo is 100 unit?

I would means 5k right? IPO not necessarily kena 1. i never hav luck on getting ipo...
*
nowadays 1lot is 100shares.

not 1,000 shares any more sweat.gif
gark
post Nov 24 2015, 12:26 PM

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You all investors buy 1 share at RM 0.50 each ... the promoters buy the SAME share for RM 0.05 each...

Everyone get a same piece of the empty box company...

Who is getting a good deal? tongue.gif

This post has been edited by gark: Nov 24 2015, 12:28 PM
nexona88
post Nov 24 2015, 02:04 PM

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Opening of application 18 Nov 2015
Closing of application 27 Nov 2015
Balloting of application 01 Dec 2015
Allotment of IPO shares to successful applicants 04 Dec 2015
Tentative listing date 10 Dec 2015
ej71
post Nov 24 2015, 07:17 PM

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Hahaha, everybody concentrate on tmr listing, I believe if tmr opening vit good price then Red Sena will very hot too....😀
wil-i-am
post Nov 24 2015, 07:31 PM

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As usual, applicant will submit application last minute
donny21
post Nov 25 2015, 09:15 AM

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placement 720million shares oversubscribe... Wow
divok.o
post Nov 25 2015, 11:52 AM

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are they acquiring a halal certified company only?
wil-i-am
post Nov 25 2015, 11:53 AM

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QUOTE(divok.o @ Nov 25 2015, 11:52 AM)
are they acquiring a halal certified company only?
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Too early to tell
divok.o
post Nov 25 2015, 12:39 PM

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QUOTE(wil-i-am @ Nov 25 2015, 11:53 AM)
Too early to tell
*
http://www.thestar.com.my/Business/Busines...ibed/?style=biz

the later part of the article mentioned Red Sena to bring in halal brand name. ( i heard pork free and alcohol free but not necessarily certified.
peri peri
post Nov 25 2015, 02:04 PM

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KTC close case. now waiting sureangpow to comment on this ipo
wil-i-am
post Nov 25 2015, 02:08 PM

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QUOTE(peri peri @ Nov 25 2015, 02:04 PM)
KTC close case. now waiting sureangpow to comment on this ipo
*
Wat if he MIA? hmm.gif
peri peri
post Nov 25 2015, 02:09 PM

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QUOTE(wil-i-am @ Nov 25 2015, 02:08 PM)
Wat if he MIA?  hmm.gif
*
the dupe is here, he is waiting the right moment, haha
nexona88
post Nov 25 2015, 02:10 PM

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QUOTE(peri peri @ Nov 25 2015, 02:04 PM)
KTC close case. now waiting sureangpow to comment on this ipo
*
I think he got suspended hmm.gif
ILoveLalat.net
post Nov 25 2015, 03:26 PM

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QUOTE(nexona88 @ Nov 25 2015, 02:10 PM)
I think he got suspended  hmm.gif
*
Shame...It will be heck hilarious today with the double opening price today.

This post has been edited by ILoveLalat.net: Nov 25 2015, 03:27 PM
nexona88
post Nov 25 2015, 03:41 PM

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QUOTE(ILoveLalat.net @ Nov 25 2015, 03:26 PM)
Shame...It will be heck hilarious today with the double opening price today.
*
I actually missed his comments here blush.gif
topearn
post Nov 25 2015, 05:42 PM

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QUOTE(wil-i-am @ Nov 24 2015, 07:31 PM)
As usual, applicant will submit application last minute
*

Sifu William, R U applying for this IPO ?

JustForCheonging
post Nov 25 2015, 06:10 PM

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I think feedback not as good as ktc.
ILoveLalat.net
post Nov 25 2015, 06:30 PM

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QUOTE(JustForCheonging @ Nov 25 2015, 06:10 PM)
I think feedback not as good as ktc.
*
Bear in mind that even if the main share close lower but the free warrants will at least goreng up like the previous SPAC. icon_idea.gif
But yeah, I'm not as pleased like the other SPACs.

This post has been edited by ILoveLalat.net: Nov 25 2015, 06:30 PM
nexona88
post Nov 25 2015, 06:35 PM

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QUOTE(JustForCheonging @ Nov 25 2015, 06:10 PM)
I think feedback not as good as ktc.
*
well still have time.

party not started yet tongue.gif
Boon3
post Nov 25 2015, 06:37 PM

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QUOTE(gark @ Nov 24 2015, 12:26 PM)
You all investors buy 1 share at RM 0.50 each ... the promoters buy the SAME share for RM 0.05 each...

Everyone get a same piece of the empty box company...

Who is getting a good deal?  tongue.gif
*
Nobody cares la.............. tongue.gif


This is one of many stock market cliches.


It's like Ah Cow owns 10000 shares in Easy Money....
Do not ever whisper the flaws/risk of Easy Money to Ah Cow....
Ah Cow not likey one......
Ah Cow get angry one.....








poor ah Cow....
today he so famous again......
wil-i-am
post Nov 25 2015, 07:52 PM

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QUOTE(topearn @ Nov 25 2015, 05:42 PM)
Sifu William, R U applying for this IPO ?
*
Yes
wil-i-am
post Nov 25 2015, 08:08 PM

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QUOTE(ILoveLalat.net @ Nov 25 2015, 06:30 PM)
Bear in mind that even if the main share close lower but the free warrants will at least goreng up like the previous SPAC. icon_idea.gif
But yeah, I'm not as pleased like the other SPACs.
*
For SPAC, compare total proceeds from mother n warrant against cost
wan_109
post Nov 25 2015, 08:28 PM

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Still thinking whether to apply or not haha.

SPAC worries me.
ej71
post Nov 25 2015, 09:30 PM

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QUOTE(wan_109 @ Nov 25 2015, 08:28 PM)
Still thinking whether to apply or not haha.

SPAC worries me.
*
Apply la, jangan tak apply, spac company normally get profit from free warrant, I guess free warrant will open 0.25
wil-i-am
post Nov 25 2015, 10:09 PM

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QUOTE(wan_109 @ Nov 25 2015, 08:28 PM)
Still thinking whether to apply or not haha.

SPAC worries me.
*
If u dun apply, I will b happy icon_idea.gif
wil-i-am
post Nov 25 2015, 10:13 PM

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QUOTE(ej71 @ Nov 25 2015, 09:30 PM)
Apply la, jangan tak apply, spac company normally get profit from free warrant, I guess free warrant will open 0.25
*
And mother share will open @ 0.25 tongue.gif
pisces88
post Nov 25 2015, 11:06 PM

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ok applied!
nexona88
post Nov 25 2015, 11:18 PM

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QUOTE(pisces88 @ Nov 25 2015, 11:06 PM)
ok applied!
*
so fast rclxms.gif tongue.gif
fyda74
post Nov 25 2015, 11:22 PM

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No worry. smile.gif
I believe you sure success get as usual anyhow thumbup.gif thumbup.gif thumbup.gif
QUOTE(wil-i-am @ Nov 25 2015, 11:09 PM)
If u dun apply, I will b happy  icon_idea.gif
*
pisces88
post Nov 25 2015, 11:39 PM

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QUOTE(nexona88 @ Nov 25 2015, 11:18 PM)
so fast  rclxms.gif  tongue.gif
*
lets huat together wub.gif
ILoveLalat.net
post Nov 26 2015, 07:34 AM

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QUOTE(wil-i-am @ Nov 25 2015, 10:09 PM)
If u dun apply, I will b happy  icon_idea.gif
*
Wow, why you so evil? tongue.gif After thinking for a while, I might join in but only for the free warrants, but since I'm busy tomorrow, I will have to consider it by tonight.
kailc
post Nov 26 2015, 08:46 AM

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I am in for 20k units, play small small this time
10071985
post Nov 26 2015, 09:27 AM

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So it means if successfully applied, will be getting mother and warrant with a 50:50 ratio?
wil-i-am
post Nov 26 2015, 09:28 AM

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QUOTE(fyda74 @ Nov 25 2015, 11:22 PM)
No worry.  smile.gif
I believe you sure success get as usual anyhow  thumbup.gif  thumbup.gif  thumbup.gif
*
Thank you in advance
Anyway, still need to c the overall subscription and chance (%)
wil-i-am
post Nov 26 2015, 09:32 AM

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QUOTE(10071985 @ Nov 26 2015, 09:27 AM)
So it means if successfully applied, will be getting mother and warrant with a 50:50 ratio?
*
Yes, they bundle on 1 share with 1 warrant
wil-i-am
post Nov 26 2015, 09:41 AM

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QUOTE(ILoveLalat.net @ Nov 26 2015, 07:34 AM)
Wow, why you so evil? tongue.gif After thinking for a while, I might join in but only for the free warrants, but since I'm busy tomorrow, I will have to consider it by tonight.
*
Dun take too long to think
wil-i-am