HPP Holdings Bhd, which is involved in the printing, production, and sales and marketing of paper-based packaging, as well as trading and production of rigid boxes, is seeking a listing on the ACE Market of Bursa Malaysia to raise funds for capital expenditure and expansion, to repay borrowings and for working capital.

According to its draft prospectus seen on the Securities Commission Malaysia's website, its initial public offering (IPO) entails the issuance of 88.67 million new shares, representing 22.83% of the company's enlarged issued share capital.

It also involves an offer for sale of 20 million existing shares, representing 5.15% of its enlarged issued share capital, by way of private placement to selected bumiputera investors.

Of the public issue of 88.67 million, 19.42 million shares will be available for application by the Malaysian public, 30 million shares for its eligible directors, employees and other business associates and 39.25 million shares by way of private placement to selected investors and bumiputera investors.

For the financial year ended May 31, 2019, HPP Holdings posted a 28.4% increase in revenue to RM82.68 million from RM64.4 million in the previous year. The group's revenue is mainly derived from printing and production of corrugated packaging, accounting for 36.23% of total revenue for FY19, and non-corrugated packaging 39.98%, while trading of rigid boxes contributed 18.25%.

Its revenue is mainly derived from its customers in Malaysia, constituting 94.36%. It also exports to Singapore, Thailand, Myanmar, the US, Germany and Australia.

https://www.theedgemarkets.com/article/hpp-...capex-expansion

This post has been edited by nexona88: Dec 16 2020, 03:35 PM

This company IPO started.. any news on their business partner i mean their big main customer?

Any name?

Interested too. But been thru a night of researching, couldnt find anything, only that its owned by Aurora Meadow. But neither sides have sufficient info online.

seem like no ppl here hahaha.. dead..

HPP HOLDINGS BERHAD

Opening of application : 15 Dec 2020

Closing of application : 07 Jan 2021

Balloting of application : 11 Jan 2021

Allotment of IPO shares
to successful applicants : 18 Jan 2021

Tentative listing date : 20 Jan 2021

IPO Prospectus

INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF HPP HOLDINGS BERHAD ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING: (I) PUBLIC ISSUE OF 88,669,000 NEW ORDINARY SHARES IN HPP HOLDINGS BERHAD ("SHARE(S)") ("ISSUE SHARE(S)") IN THE FOLLOWING MANNER: 19,421,600 ISSUE SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; 30,000,000 ISSUE SHARES AVAILABLE FOR APPLICATION BY THE ELIGIBLE PARTIES (AS DEFINED HEREIN); 19,825,800 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; 19,421,600 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED BUMIPUTERA INVESTORS APPROVED BY MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY. ("MITI"); AND (II) OFFER FOR SALE OF 20,000,000 EXISTING SHARES ("OFFER SHARE(S)") BY WAY OF PRIVATE PLACEMENT TO SELECTED BUMIPUTERA INVESTORS APPROVED BY MITI, AT AN IPO PRICE OF RM0.36 PER ISSUE SHARE/OFFER SHARE, PAYABLE IN FULL UPON APPLICATION

https://www.bursamalaysia.com/market_inform...?ann_id=3113709

I happened to know a few of them like family planning, infant formula, some well-known tech company

not much data from this company that i can find.. anyone else can share if got ?

https://youtu.be/zD2Sm8cjB6g

This post has been edited by Gold_Moderator: Dec 24 2020, 04:38 AM

Just 800 ppl applied only?

where to check ?

Case number.....

so anyone got any hint of take or drop this ?

applied 300 lots

still got time....

malaysian always last minutes...
on closing days, 4.59pm also can click apply

Any investment bank TP?

gg.. this stock seem dead ...

baru hoot 9 dia....saya dengar tp 41cts tak macam sure angpau chin chai cakap 90cts

7 th jan last day

Not sure what to translate from here.

EPS (2020) is only 2c and the increased revenue from 2018 (64m) to 2020 (108m) is solely based on trading of boxes (god know what it means ). Basically from 2018 to 2020, profit remained same (20m +/-) but fake revenue from trading of boxes.

Besides only 9,7m shares for public allotments? LOL... I dont know... high chances to goreng since most of the shares are allotted to private placements etc???