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.
IPO: Red Sena Bhd, First F&B SPAC 2015 Listing
IPO: Red Sena Bhd, First F&B SPAC 2015 Listing
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Dec 9 2013, 04:25 PM
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#1
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Junior Member
97 posts Joined: Dec 2013 |
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. |
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Dec 24 2014, 04:03 PM
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#2
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Junior Member
97 posts Joined: Dec 2013 |
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!
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Jul 16 2015, 01:39 PM
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#3
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Junior Member
97 posts Joined: Dec 2013 |
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? |
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Nov 18 2015, 03:27 PM
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#4
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Junior Member
97 posts Joined: Dec 2013 |
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.
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