Boustead Plantations to issue 580m new shares under IPO

Boustead Plantations Bhd plans to issue 580 million new shares to retail and institutional investors under its proposed listing on the Main Market of Bursa Malaysia.

Boustead Holdings Bhd, which is listing the plantations unit, said on Monday that it would offer for sale up to 76 million existing Boustead Plantations shares.

Upon listing, the enlarged and paid-up capital of Boustead Plantations would be 1.6 billion shares of 50 sen each with the inclusion of the 580 million new shares.

The floatation exercise involves the retail offering of up to 492.429 million IPO shares.

Of these IPO shares, it said 206.83 million issue shares would be reserved for applications by entitled shareholders of Boustead Holdings. This would be on the basis of one Boustead Plantations share for every five Boustead Holdings shares held.

It also said 174.59 million Boustead Plantations shares would be reserved for entitled unitholders of Boustead REIT on the basis of three Boustead Plantation shares for every five Boustead REIT units held.

Under the retail offering, 47 million offer shares would be for eligible directors and employees of Boustead Plantations, Boustead Holdings and persons who contributed to the success of the Boustead Plantations.

For the Malaysian public, it said 64 million Boustead Plantations shares would be offered via balloting.

The institutional offering would see up to 163.57 million IPO shares offered to approved Bumiputera investors as well as other Malaysian institutions and selected investors.

Opening of application 27/05/2014
Closing of application 11/06/2014
Balloting of applications 16/06/2014
Allotment of IPO shares to successful applicants 24/06/2014
Tentative listing date 26/06/2014

This post has been edited by davinz18: May 27 2014, 04:57 PM

hi daviz18,

You know how to apply those existing boustead reits investor?

or only applicable for Direct CDS holding Boustead Reits?

I think got some application form to fill, just like others IPO. Cannot apply thru online.

Not forgetting the allocation is on the basis of 3 Issue Shares for every 5 Units held as 5.00 p.m today (in the Record of Depositors of BREIT).

a total 174,594,000 Issue Shares are reserved existing for BREIT investors.

based on previous experience on umw-og IPO, u are not guarantee to get the shares if oversubscribe

http://announcements.bursamalaysia.com/EDM...ntIPO-Final.pdf

I tink i miss out;

Before applying this IPO better check for the following...

Average age of tree
% immature trees
% old trees
Unplanted reserves
Oil extraction rate
FFB yield per ha

I think boustead plantations are most old and inefficient plantation like FELDA... but then i might be wrong....

u not entitle to the allocation?

if u agreed to the take-over & accept rm2.10/share thing u entitle lar

My CDS is nominee acc....shld follow majority agree. I didnt spoted the entitle part.
Busy at WORK

then i want to scold my dealer...ask him to check for any entilement....MY dealer MIA.

u better check to your remisier. I think CDS nominee acc cannot apply IPO

You right...


Attached thumbnail(s)

So its not a good buy? or we wait and see the prospectus first?

SC have yet to publish draft Prospectus for comments

If im not mistaken, they just bought an estate in Sabah last few month after disposing Indonesia last year.

Correct, they bought two plantation in Lahad Datu, sabah.
What I know plantation in Sabah give more yield/ha than Peninsular Malaysia & Sarawak

Prospectus Exposure – Boustead Plantations Berhad
http://www.sc.com.my/prospectus-exposure-b...tations-berhad/

kinda connected, because the same major shareholder are involved.

tis is plantation division / subsidiary company... in which all related to LTAT & indirectly to Gomen

informative sharing...keep it up guys...

SC approves listing of Boustead Plantations

Boustead Holdings Berhad (BHB) has received approval from the Securities Commission for the proposed listing of its wholly-owned subsidiary, Boustead Plantations Berhad (BPB) on the Main Board of Bursa Malaysia Securities Berhad.

In a statement Monday, the conglomerate said the proposed listing would consolidate its plantation assets under BPB, allowing for greater economies of scale and streamlined operations with a view to optimising performance.

Upon listing, the total enlarged and paid-up share capital of BPB will be RM800 million comprising 1.6 billion shares.

Boustead Deputy Chairman and Group Managing Director Tan Sri Lodin Wok Kamaruddin said the corporate exercise was in line with Boustead’s long-term strategy to unlock the value of its investments, while the listing would allow it to strengthen its prospects in the plantation sector.

“Furthermore, existing shareholders and potential new shareholders will have the opportunity to take part in a pure plantation company that has a track record of delivering sustained earnings on a consistent basis.

“We are also offering existing BHB shareholders and the previous unitholders of Al-Hadharah Boustead REIT (Boustead REIT) IPO shares for application, enabling them to participate without having to ballot,” he said.

Boustead seeking shareholders approval on d listing
http://www.bursamalaysia.com/market/listed...cements/1573497

so they will offer some to the public or exclusive only for existing shareholders ala BJAUTO and IOIPG??

Both

ipo price 2.50 to 3.00

This seems good. Let's take a deeper look into its prospectus and also investment bank's TP.

when to launch

is this stock is syariah compliant? Thanks in advance

1.60 as per Boustead circular

End Apr 2014

Yes

What does syariah compliant mean?

Comply with specific Islamic principles

OMG, u don't know the meaning?

Open for application @ MITI with closing @ 10/4/2014
http://www.miti.gov.my/cms/content.jsp?id=...e5b200-78698ed6

can anyone who is not the shareholder of Boustead stock be able to purchase this Boustead Plantation Bhd IPO?

Because i heard somewhere that you need to be the shareholder of Boustead first

Miti has already opened its public offer so basically u can apply without owning any of their existing shares

They open to public too

thanks for the info..is that launching date official, where did you get that info?

Launching date is estimated coz Boustead EGM on 7/4/14

On behalf of BHB, AFFIN Investment Bank Berhad wishes to announce that the Shariah Advisory Council of the SC, vide its letter dated 3 April 2014, has classified BPB Shares as Shariah-compliant securities based on the audited financial statements of BPB for the financial year ended 31 December 2012. This classification remains valid until the next Shariah compliance review to be undertaken by the Shariah Advisory Council of the SC for the next financial year.

This announcement is dated 3 April 2014.

This IPO worth to Apply?

No comments until they release Prospectus

When listing?

By end of Qtr 2

Thanks

anyone going to b buy??seem nt bad

im in...basing my decision on the strong brand name and LTAT

will just wait for the blue form

Blue form for BHB or BSREIT shareholder?

Boustead Plantations IPO plan
http://www.nst.com.my/business/todayspaper...o-plan-1.553413

for BsdReit

Raise RM1 bil by mid June 2014
http://www.nst.com.my/business/latest/bous...om-ipo-1.554432

havent apply, still availabe for BSDreit to subscribe ?

Yes

the star 8th April 14
http://www.thestar.com.my/Business/Busines...-RM160-a-share/

rm1.60/share confirm?

Indicative

1.60 is cheap. valuation is 2.04. miti result will be out on 1st week of may..

At 1.60, PE is around 16x -v- selected peers ranging from 18 to 35x

Should release prospectus end of May 2014 since the holding co, Boustead have announced ntitlement date
http://www.bursamalaysia.com/market/listed...cements/1617033

price rm1.60 and listing on 26th June 2014....confirm.

Boustead 1.60 .... ok or not...

Bank analysts expert on TP ? Haha, they clowns giving widely diverging TP.... on the same counter, all give wastely different prices...with some even give below IPO TP.

7 eleven end of this month, then after follow by boustead ipo end of June. very nice timing.

Successful Miti investors need to pay by 2/6/2014

Will we be able to purchase via MBB2U?

Yup

Boustead good or not? ..... can buy or not?.....

when?

i believe, its very good ipo.

if price 1.60... i only plan for 5000 unit.... else open market buy...

reason?

Yesterday was last day to ntitle for IPO via Bstead
http://www.bursamalaysia.com/market/listed...cements/1617033

Boustead Plantations IPO prospectus on May 27, targets June listing

According to term sheets sighted by StarBiz, Boustead Plantations is targeting a listing on Bursa Malaysia on June 26. The company will issue its prospectus on May 27.

http://www.thestar.com.my/Business/Busines...ing-next-month/


The initial public offering (IPO), which will follow the $226 million listing of Malaysia's biggest convenience store, 7-Eleven Malaysia Holdings Bhd in end-May, will be the largest in the Southeast Asian nation so far this year.

"The response has been very good," one of the sources said. "We have just announced the result of the ballot and set an indicative price at 1.60 ringgit (per share)."

The sources declined to be named as they are not authorised to speak to the media.

The Edge Daily

This post has been edited by davinz18: May 22 2014, 05:39 PM

Bouested ipo expected listing 26 June.

If I wanna buy this IPO, where/how do I go about with it? I heard that we can only register our interest by paying first and if we're not the successful ones, they will be refunding the money to us?

D highest retail offerings (75%) by a single IPO in history

Morning wil-i-am,

plan to subsribe ? how many lot

Yup
I will apply via Breit ntitlement (174 mil shares) n public portion (64 mil shares)

is this offer for sale or new public issue?

Both

OFS more or public issue more?

I think I better look at the prospectus. or else someone gonna shoot me.

long term investment....
read somewhere on it's hybrid palm oil that can yield more and replantation in 2008...so maturity should be somewhere near d..or started to harvest....

i own ioicorp too..so far no fail my expectation.....

OFS higher as Bstead n former Breits shareholder can subscribe

When is the IPO open for subscription to the public? 27th?

yup, expected on 27th

you need to hv a CDS account.

How to apply:
1) Manualy thru form and issue a cheuque.
2) ATM
3) Online example Maybank2u, cimb, Public bank...etc.


After the Ballotment you will know ur application success or fail thru Issuing house.

http://www.mih.com.my/enquiry.php

Once you success- Bursa will send u a letter you hv suceess subcribe the IPO.

else Failed few day later you receive your money if fail to get.

Try to google. How to apply IPO
http://malaysiastockpicks.blogspot.hk/2012...a-malaysia.html

IPO FAQ
http://www.mih.com.my/home.php?page=faq

This post has been edited by felixmask: May 23 2014, 03:24 PM

Thanks alot!!

Gd luck

When closing date ? need some planning to get ready bullets.

Wait for tomorrow la. u will know the date

Anyway I think around 3rd

Today, Boustead Plantations Bhd launches prospectus en route to listing on the Main Board of Bursa Malaysia at Mutiara Grand Ballroom, Ground Floor, The Royale Chulan Damansara Hotel, Mutiara Damansara, Petaling Jaya at 10:45 am (0245 GMT).

niceee

IPO close on 11/6/2014
http://www.mih.com.my/index.php?page=ongoing

open : 27/05/14 , close : 11/06/14

long period than usual for retail offering.

Prospectus out
http://www.bursamalaysia.com/market/listed...cements/1634405

Longer period due to offer of shares to Breit n Bhb shareholders in addition to public

I don't see it on Maybank yet d?

Still early, b patience

Boustead Plantations Bhd aims to expand its total planted area to about 91,000 hectares over the next five years from the current 71,000 ha.
The plantation group, which is en route to a main board listing, said it would acquire existing plantation estates and plantation reserve land to expand its land bank.
"As we move forward, we plan to expand our land bank through the acquisition of existing plantation estates and plantation reserve land primarily in Malaysia," Boustead Plantations Bhd chairman Tan Sri Lodin Wok Kamaruddin said.
"As part of our long term growth strategy, over the next five years, we are targeting to increase our total planted area by approximately 20,000 ha from the current 71,000 ha," he told reporters at the launch of Boustead Plantations' initial public offering prospectus.