Yup.
You can do it

No worry.
You can either accept full allocated, partial allocated or reject the offer.
Congratulation anyhow

I thought MITI will check all the financial documents of applicant before allocated share?
Here got quite a lot of MITI kaki.

What info you not too sure right now?

Is it a good news or bad news for SunCon Ipo??

Sunway Bhd’s shareholders will receive special cash dividend of between 22.0 sen to 25.0 sen and a 1-for-10 distribution-in-specie of free soon-to-be-listed Sunway Construction Group Bhd’s (SCG) shares, according to a circular issued by Sunway to its shareholders recently.

Based on the illustration provided in the Group’s circular to its shareholders, MIDF Research envisaged the retail initial public offering (IPO) price of SGC to be RM1.10/share. According to the circular which also contains notice of extraordinary general meeting on April 20, Sunway proposes to distribute at least 156 million shares of 20 sen each to its entitled shareholders.

“The final retail share price will be determined later and be subjected to agreement between directors of SCG, shareholders disposing their shares and the joint global coordinators,” MIDF Research pointed out. “Upon completion of the corporate exercise, SCG will have 1.293 billion shares listed on Bursa Malaysia. Assuming the IPO Price of RM1.10, SCG’s market cap will be RM1.42 billion.”

Aside from the 156 million shares sets aside for Sunway’s shareholders, the remaining 415.3 million shares will be offered for sale to institutional and selected/Bumiputera investors (344.2 million) as well as eligible directors, employees and the Malaysian public (71.1 million), according to the Sunway’s circular.

MIDF Research said it is positive on the IPO price of RM1.10 as it is valuing SCG at historical PE (price-to-earnings ratio) of 12.4x, which is slightly higher than the current Sunway’s HPE of 12.0x.

The 12.4x HPE is close to mid-cap construction companies historical PE of 12.9x, according to the research house. Post corporate exercise, Sunway’s stake in SCG will be reduced to 51.0%.

“We are positive on the exercise as it will allow Sunway’s shareholders to receive dividends in range from 22.0 sen to 25.0 sen (indicative),” projected MIDF Research. “The exercise will also allow Sunway’s shareholders to partially monetize the value of its construction arm while continuing to benefit from prospects of the strong earnings of its construction business.”

MIDF Research has adjusted upward Sunway’s target price to RM3.97 from RM3.72 previously by taking into account the minimum dividend of 22 sen and the 0.1 shares in SCG worth 11 sen. Additionally, the revised target price also included a lower post-SCG IPO share price for Sunway (after the ex-date for the entitlement of dividend and distribution in-specie) of RM3.64.

“Our rating has also been revised to TRADING BUY (from BUY) as the announced amount of special cash dividend and the illustrative IPO price for SCGs appear to be attractive to investors,” added MIDF Research.

At market close today, Sunway was down 4 sen to RM3.74 with 874,800 shares traded.

Not sure to accept full allocated or partial allocated.
Need think many times before change status terima full or partial in MITI website.
Worry happen like Malakoff have Stabilizing Manager.

No worry much

I guess payment due date is 1 July 2015.
Don't miss it ya ^.^

Tis IPO have SM

yeay.

4400unit...

Can ... there is an option in MITI portal...i'm also just took 3k from 5k allocation from me

Sunway Construction to set tight bookbuilding range in RM498mil IPO

http://www.thestar.com.my/Business/Busines...yIPO/?style=biz

Fully subscribed 80k shares today . Documents and draft courier today . Hopefully it will perform better than Malakoff .

Today during lunch time,want do payment.
Take partial allocated by MITI.

Delete. Double posting

This post has been edited by xis221: Jun 24 2015, 08:58 AM

Why partial?You wont be blacklisted?

No enough money.
My money stuck at MALAKOFF.
FYI for MALAKOFF I got from MITI, also take partial.
No blacklisted.

FYI, I did experience just accept partial too
So far so good ^.^

I think MITI will blacklisted if you tolak all allocation shares.

I believe as long as don't give FAKE information or out-dated information.
It should be fine.

So far I ACCEPT all the MITI offer and take partial or full depend on my $$$ in hand
Sunway MITI I TIdak Berjaya.
Need to wait for other offer

When the last date we have to submit the document and the bank draft?.

Sad to hear from you - Sunway MITI shares unsuccessful . Maybe outdated financial information like what I experience in OWG shares .