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ACO Group Bhd (0218), Industrial Products&Service- Ace Market
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TSnexona88
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Oct 8 2019, 05:47 PM, updated 6y ago
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ACO Group Bhd, a distributor of electrical products and accessories, is looking to list on the ACE Market of Bursa Malaysia.
According to its prospectus draft filed with the Securities Commission, the group’s initial public offering (IPO) will see a public issue of 58 million new shares, of which 15 million shares will be made available to the Malaysian public; 9 million shares for eligible directors and employees; 4 million shares via private placement to identified investors; and the remaining 30 million shares will be placed out to bumiputra investors approved by the Ministry of Trade and Industry.
In addition, there will be an offer for sale of 25 million shares by way of private placement to identified investors.
ACO has earmarked 25.86% of the proceeds to set up new sales outlets and lighting concept store, 15.39% for a new head office and distribution centre in Johor and 12.32% for the purchase of new trucks and IT system upgrades.
For the financial ended Feb 28, 2019 the ACO reported a revenue of RM134.37 million and a profit after tax of RM7.42 million.
This post has been edited by nexona88: Jul 25 2020, 06:41 PM
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fyda74
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Feb 18 2020, 11:59 AM
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Anyone have the Arahan Pembayaran Bank for ACO Group? Thanks for sharing.
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nikazwa
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Feb 22 2020, 11:21 PM
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QUOTE(SURE ANGPOW @ May 14 2018, 09:40 AM)  :x QUOTE(teehk_tee @ Feb 20 2020, 12:39 PM) Sold all at 72,72.5 Lunch money resolved Arahan pembayaran already uploaded
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nikazwa
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Feb 22 2020, 11:22 PM
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QUOTE(SURE ANGPOW @ May 14 2018, 09:40 AM)  :x QUOTE(teehk_tee @ Feb 20 2020, 12:39 PM) Sold all at 72,72.5 Lunch money resolved Arahan pembayaran already uploaded
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earshore
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Feb 28 2020, 12:06 AM
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Anybody going in for this?
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nikazwa
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Mar 3 2020, 10:06 AM
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QUOTE(earshore @ Feb 28 2020, 12:06 AM) Anybody going in for this? yes..applied some coz it is cheap..easy to rise upon listed
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nikazwa
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Mar 3 2020, 10:08 AM
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Now waiting for TP from banks...anyone got tp now?
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kim0112
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Mar 3 2020, 05:31 PM
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Getting Started

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May I know where can read the prospectus for this company?
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wajaflyguy
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Mar 3 2020, 10:42 PM
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New Member
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QUOTE(kim0112 @ Mar 3 2020, 06:31 PM) May I know where can read the prospectus for this company? Go to bursa malaysia website https://www.bursamalaysia.com/market_inform...?ann_id=3028023
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kim0112
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Mar 4 2020, 05:00 PM
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Getting Started

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QUOTE(wajaflyguy @ Mar 3 2020, 10:42 PM) Thanks ya
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earshore
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Mar 4 2020, 07:14 PM
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QUOTE(nikazwa @ Mar 3 2020, 10:06 AM) yes..applied some coz it is cheap..easy to rise upon listed how many did you buy?
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nikazwa
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Mar 4 2020, 07:34 PM
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QUOTE(earshore @ Mar 4 2020, 07:14 PM) Not much ....just try my luck becoz the price is quite cheap rm 0.28 ..easy to shoot up on 1st day
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pileepalah
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Mar 4 2020, 07:52 PM
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all sleeping oreli, let me satu olang hoot, opportunity to earn sikit tealive money
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earshore
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Mar 4 2020, 08:21 PM
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QUOTE(nikazwa @ Mar 4 2020, 07:34 PM) Not much ....just try my luck becoz the price is quite cheap rm 0.28 ..easy to shoot up on 1st day Can I know the range that you target for
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nikazwa
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Mar 5 2020, 07:58 AM
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QUOTE(earshore @ Mar 4 2020, 08:21 PM) Can I know the range that you target for  up to you ...as long as you can afford for that..
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realitec
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Mar 5 2020, 12:32 PM
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planning to enter some too
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coolguy99
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Mar 5 2020, 11:39 PM
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done apply some
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nikazwa
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Mar 6 2020, 08:03 AM
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sl3ge
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Mar 6 2020, 02:30 PM
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so quite this ipo..
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SURE ANGPOW
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Mar 6 2020, 04:58 PM
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tokkah
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Mar 6 2020, 05:37 PM
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QUOTE(SURE ANGPOW @ Mar 6 2020, 04:58 PM) Just applied before close . Hope to get some .
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nikazwa
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Mar 6 2020, 07:41 PM
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wow tp 0.69 is really really good meh
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pileepalah
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Mar 6 2020, 09:22 PM
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Lai lah, tp 0.38 cts, ini kali sure ang pau tp so low no 10 or 20 times meh
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tokkah
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Mar 7 2020, 07:25 AM
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QUOTE(pileepalah @ Mar 6 2020, 09:22 PM) Lai lah, tp 0.38 cts, ini kali sure ang pau tp so low no 10 or 20 times meh TP 38 sen quite reasonable .
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nikazwa
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Mar 7 2020, 01:08 PM
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QUOTE(tokkah @ Mar 7 2020, 07:25 AM) TP 38 sen quite reasonable .  this tp of 0.38 from which investment bank?
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pileepalah
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Mar 7 2020, 01:36 PM
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Tp 38cts, sendiri punya, jangan tamak sikit2 lama jadi bukit
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nikazwa
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Mar 9 2020, 07:10 PM
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tp 0.31
from public investment bank date : 6 mac 2020
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M.LHim
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Mar 10 2020, 10:17 AM
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Getting Started

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ACO, bila undi
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M.LHim
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Mar 10 2020, 03:28 PM
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Getting Started

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Sunyi Group ni.
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tokkah
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Mar 10 2020, 05:32 PM
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QUOTE(M.LHim @ Mar 10 2020, 10:17 AM) Tomorrow balloting . Listing on 18.3.2020 .
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pileepalah
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Mar 11 2020, 11:45 AM
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ini kali ....huat ahhhhh the next powerwell tp 38 cts
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SURE ANGPOW
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Mar 11 2020, 01:15 PM
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QUOTE(tokkah @ Mar 10 2020, 05:32 PM) Tomorrow balloting . Listing on 18.3.2020 . OVER SUBSCRIBED BY 22 X🤔😇
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tokkah
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Mar 11 2020, 03:31 PM
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QUOTE(SURE ANGPOW @ Mar 11 2020, 01:15 PM) OVER SUBSCRIBED BY 22 X🤔😇 Total :- 15.53 X oversubscribed Bumiputra :- 14.79 X oversubscribed Public :- 16.28 X oversubscribed
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pileepalah
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Mar 11 2020, 08:53 PM
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hai yah..saya ingat very senang dpt ,manatau susah juga.... like this listing price 40 cts leow, char toh apply banyak banyak tapi dapat kacang putih saja...hor koh mor..sapu juga sure ang pau..what is your tp, 68 cts or 98 cts
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coolguy99
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Mar 11 2020, 09:11 PM
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any link to the ballot table? can't seem to find it online
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Muse Zack P
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Mar 11 2020, 09:12 PM
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New Member
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Anyone got share? Today is balloting date.
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Muse Zack P
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Mar 11 2020, 09:14 PM
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New Member
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 Oversubscribed
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rochak73 P
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Mar 11 2020, 09:57 PM
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New Member
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Maybank results out and refunded
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kacangtuih
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Mar 11 2020, 10:09 PM
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New Member
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managed to get abit... hoping will fly moon on Wednesday..
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pileepalah
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Mar 16 2020, 10:15 PM
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ooohhh oooh lock down on 18th, so how.. listing day
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fyda74
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Mar 17 2020, 09:54 AM
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Share dah already credited into CDS account?
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nikazwa
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Mar 17 2020, 10:40 AM
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QUOTE(fyda74 @ Mar 17 2020, 09:54 AM) Share dah already credited into CDS account? Not yet i think
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fyda74
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Mar 17 2020, 10:59 AM
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QUOTE(nikazwa @ Mar 17 2020, 11:40 AM) Thanks, nikazwa
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M.LHim
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Mar 17 2020, 11:57 AM
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Getting Started

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ACO, dah ada di CDS.
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M.LHim
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Mar 17 2020, 11:57 AM
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Getting Started

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ACO, dah ada di CDS.
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fyda74
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Mar 17 2020, 12:19 PM
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QUOTE(M.LHim @ Mar 17 2020, 12:57 PM) Hi, Might to know you are using which broker firm? It don't credit into my CDS account yet. I'm using CIMB Itrade. Thanks.
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TSnexona88
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Mar 17 2020, 12:24 PM
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QUOTE(M.LHim @ Mar 17 2020, 11:57 AM) QUOTE(M.LHim @ Mar 17 2020, 11:57 AM) Chill boss.. Don't be so hyped until post 2x same thing 🤣😅😂
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M.LHim
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Mar 17 2020, 12:52 PM
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Getting Started

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2 x pos, sebab saya orang baru tak pandai komputer. Saya dah semak di TIIH, dah ada.
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sl3ge
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Mar 17 2020, 04:44 PM
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Market like this.. tomorrow no need hope already is it..
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fyda74
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Mar 17 2020, 05:02 PM
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QUOTE(sl3ge @ Mar 17 2020, 05:44 PM) Market like this.. tomorrow no need hope already is it.. Wish for the best
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pileepalah
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Mar 17 2020, 09:47 PM
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Heart must be steady, 38cts or 42cts
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fyda74
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Mar 18 2020, 06:39 AM
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Share dah credited into cds
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kailc
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Mar 18 2020, 06:50 AM
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Not yet credit into account, I am using kentrade
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SURE ANGPOW
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Mar 18 2020, 08:28 AM
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twim
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Mar 18 2020, 08:58 AM
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Getting Started

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wahhh 19c mari...buy or not ??
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eric.tangps
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Mar 18 2020, 09:03 AM
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interesting opening, timing of IPO also headache.. day 1 of movement control.
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twim
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Mar 18 2020, 09:08 AM
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Getting Started

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the worst time to ipo...right in the middle of crisis
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twim
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Mar 18 2020, 09:08 AM
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Getting Started

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but our fren busy buying cos SURE ANGPOWW
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coolguy99
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Mar 18 2020, 09:18 AM
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Wah lucky didn't get this IPO
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twim
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Mar 18 2020, 09:25 AM
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Getting Started

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QUOTE(coolguy99 @ Mar 18 2020, 09:18 AM) Wah lucky didn't get this IPO
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pileepalah
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Mar 18 2020, 08:00 PM
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bungkus.. ham chin pang
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nikazwa
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Apr 18 2020, 01:25 PM
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Hi
Why so quiet now ? What is latest ipo ? Any info guys ??
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TrustULoveU
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Jun 11 2020, 12:17 AM
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flying high
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anakMY
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Jun 11 2020, 08:36 AM
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another goreng counter...
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enkil
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Jun 11 2020, 01:55 PM
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Nice
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SURE ANGPOW
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Jun 18 2020, 08:22 PM
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QUOTE(coolguy99 @ Mar 18 2020, 09:18 AM) Wah lucky didn't get this IPO
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TSnexona88
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Oct 21 2020, 10:10 AM
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Random spam reports against Sure Angpow post in multiple topic / threads..
Careful. The person who spam reports might instead get suspended for abusing report botton function 🤭
Just saying....
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