Orgabio is an investment holding company, while its subsidiaries are principally involved in the provision of instant beverage premix manufacturing services to third party brand owners and manufacturing, sales and marketing of house brand instant beverage premixes.


website:
http://www.orgabio.com/


IPO comprising public issue of 96,668,000 new ordinary shares in Orgabio (“Shares”) in the following manner:

12,393,400 Shares available for application by the Malaysian public;

6,196,700 Shares available for application by the eligible directors and employees as well as persons who have contributed to the success of the Group;

and 78,077,900 Shares by way of private placement to selected investors.

This post has been edited by nexona88: Aug 9 2022, 06:20 PM

like power rooottttt~!

Why Aik Cheong kopi belum on IPO yet?

Power Root no power to pick up

well..
I suspect they have the $$$ needed... and shareholder not partly exit / take profit...

also...
when go listing... must fulfill the Bumi equity thingy...
which they might not want to do (one reason why many famous companies tend to be private totally)

erm.... not sure, but could be what as nexona explained below.

picked up a few rounds before already, no?

Yes, there's this 12.5% bumi content to be fulfilled, that's why some chooses to stay private.

previously it's 30% right??
I mean must have 30% bumi before go listing...
not like now... 100% nons, 50% of total IPO shares reserved to Bumi, thus 12.5% thingy

Aik cheong 3in1 not nice one, haha

the 30% was for something else.

generally public shareholding spread should be 25% (assuming market cap below RM1b).

half of which must be bumi, hence the 12.5%

Ooh..
Something else...
Was thinking that the requirements.. previously... Later I go dig more information 😁

Yeah
Minimum 25% spread for public shareholding...
That I know...

MITI application result isbout

What would be your pick? This or Seng Fong?

Wah so near ehh..got 2 now next week closes


Wait for TP

yeah always purposely clashing....

so far any tp?

What this company:s background?

So far no TP...near closing already

The amount of shares offered is very small. The chances of successful balloting is slim.

Applied some.... Huat ahhh