Construction company Nestcon Bhd is offering 161 million new shares and also placing out 32.20 million existing shares as it seeks to list on the ACE Market of Bursa Malaysia.

The company said on Monday the 161.0 million new shares represented 25.0% of the group’s enlarged total number of shares.

Under the agreement, M&A Securities Sdn Bhd will underwrite 64.4 million of the 161 million new shares, comprising portions to be made available to the Malaysian public as well as eligible directors, employees, and persons who have contributed to the success of the group.

Of the 161 million new shares, it said 32.2 million will be allocated to the Malaysian public via balloting, another 32.2 million shares under the pink form allocations, 16.1 million shares will be placed out to selected investors and the remaining 80.5 million new shares placed out to approved Bumiputera investors.

Nestcon is involved in civil engineering and infrastructure works in Malaysia and its broad spectrum of expertise including the construction of residential, commercial, industrial, and leisure properties. It is also involved in earthworks, bridges, roadworks, and drainage systems.


Price : RM 0.28/share

Prospectus Launch/Retail Opening : 8 June 2021
Close Retail : 15 June 2021
Listing : 30 June 2021

https://www.miti.gov.my/miti/resources/Bumi...tcon_Berhad.pdf

This post has been edited by nexona88: Jun 17 2021, 01:01 PM

goreng stock with low price.. buy buy

Ace Market is always for goreng...
Who cares about financial or future prospects 🥳

Later IPO prospectus will be released.
And then the next similar stock is Haily, it will be released on end of June.

中文
Nestcon IPO 简介https://jaxxsblog.blogspot.com/2021/05/ipo-nestcon-berhad.html

English
Nestcon IPO - Introductionhttps://jaxxinvest.blogspot.com/2021/05/ipo-nestcon-berhad.html

ECRL fried stocks

Thanks for the information !

Newbie questions here:

How do people apply for the same IPO using multiple direct CDS? I have been applying with my main account all the time. Have not tried applying using 2 CDS. Both CDS under my name

NESTCON BERHAD

Issue Price (RM) : 0.28

Bursa Malaysia Board : ACE Market

Opening Date : 08 Jun 2021

Closing Date : 17 Jun 2021

Ballot Date : 21 Jun 2021

Listing : 29 Jun 2021

1 name/IC - 1 application only..

3 name/IC - 3 application, (but "real owner" is 1 person only- undertable/gentleman dealing between them )

understand

Aiya tat Pekat ballot on 14th. Not sure enough time for refund anot to apply this one haha

Thank you! Then I will continue to apply under 1 CDS for now, rather than splitting

50/50

Unless u on "waiting list"..
Then refund is longer than usual time....

+/- around closing day of Nestcon can get refund of Pekat...
Your luck 😉

Eh no one post prospectus?
I think i slowly evolve from reading line by line in prospectus to NTA price per share now to the stage where i forgotten prospectus edy...
Masuk goreng jer lol

Actually construction related company choose to b listed at mco time dunno is a good ornbad thing.lol

All the best!

This post has been edited by Msxxyy: Jun 8 2021, 05:51 PM


Attached File(s)
 Nestcon_Berhad___Prospectus__Part_1_.pdf ( 2.73mb ) Number of downloads: 48

Then wat will happen if i apply 2 times with different cds with same name?

Or 2 times with same name and same cds?

construction not gg liao mie. steel price so high

application straight rejected lorh

it's all down to IC number too...
unless u have 2 IC number to play with

Can someone still apply through the bank after getting some allocation from MITI using the same CDS account ?

Wow. So sad. Luckily i put 2nd application on hold for 2mr.

Good that u ask first...
If not confirmed failed, more chance for others 😁