Jati Tinggi Group is principally involved in the provision of infrastructure utilities engineering solutions

(I) Public Issue of 66,800,000 new ordinary shares in Jati Tinggi ("Shares") in the following manner:

19,600,000 Shares will be offered to the Malaysian Public by way of balloting, of which at least 50% will be set aside for Bumiputera public investors;

10,000,000 Shares will be made available for application by the Eligible Directors and employees of the Group and other persons who have contributed to the success of the Group; and

37,200,000 Shares will be made available for private placement to selected investors, of which:

(a) 14,000,000 Shares will be reserved for selected Bumiputera investors approved by Ministry of International Trade and Industry ("MITI"); and

(b) 23,200,000 Shares will be reserved for selected investors.

(II) Offer for Sale of 35,000,000 existing Shares by way of private placement to selected Bumiputera investors approved by MITI.

https://www.bursamalaysia.com/regulation/pr...gi-group-berhad

Makluman pembukaan saham(MITI) bagi syarikat JATI TINGGI GROUP BERHAD adalah bermula pada 12 Jun 2023 sehingga 16 Jun 2023

1) Nama Syarikat : JATI TINGGI GROUP BERHAD

2) Jumlah Saham Khas : 49,000,000 Unit

3) Harga Tawaran Indikatif : RM 0.27 Seunit

4) Aktiviti Utama Syarikat : Kegiatan utama Jati Tinggi adalah pemegangan pelaburan. Kegiatan perniagaan utama Kumpulan Jati Tinggi termasuk:

(i) perkhidmatan dan penyelesaian kejuruteraan utiliti bawah tanah and overhed;
(ii) perkhidmatan kejuruteraan, perolehan, pembinaan dan pentauliahan pencawang;
(iii) perdagangan peralatan untuk pencawang;
dan (iv) perkhidmatan peralatan dan sistem lampu jalan.

Notis dan permohonan bagi Saham Khas Bumiputera ini dibuka dan dihadkan kepada pelabur-pelabur di bawah Seksyen 229(1)(b) atau Jadual 6 dan/atau Seskyen 230(1)(b) atau Jadual 7, Akta Pasaran Modal dan Perkhidmatan 2007.

This post has been edited by nexona88: Jun 13 2023, 04:41 PM

TNB linked company so watch out 👏

Watch out for high untung or …

Watch out 🤦‍♀️ if you know TNB linked what do you think

Price low as well as limited units so what do you think

Buy Buy Buy 🤑💰

Even Bumi for sure oversubscribed

Need to see how the MITI one first....

how many the PE?

How do u know jati tinggi is linked to TNB?? Any source?

I used to work in this industry and that are not many companies who are able to do high scale and high level power generation subcontracting 🤦‍♀️ and many of those companies are cash rich and still privately held

Jati Tinggi is one of those who are doing the IPO not for the money but for profile because they want to tender for more power generation projects from the government hence why they are embarking IPO route because as it is core still a very Chinaman run operations

Exactly. Not too many have their capability. It's like a monopoly market

The monopoly happens thanks to the govt 🤦‍♀️ and it subsidies otherwise it will open market and the core supply chain is very chinaman because of technical expertise

Well I believe to register as TNB vendor not that easy so at least there is some barrier there.

One I know should be majority own by Bumi 😁

Minimum 51% 😕

The barrier is set by the govt itself 🤦‍♀️

Not necessary true 🤦‍♀️ especially for maintainence companies 🤦‍♀️ most TNB subcontractors are Chinaman owned companies as they have the expertise and manpower particularly high tension construction

Jati Tinggi IPO is for profile only to get more govt projects

hmmm....

good if it's really true..

GLC one all is one sided... everyone knows how the deals going on.... can confirm with TM... because have first hand involvement previously

TM no need to say 🤦‍♀️ but you can see the expertise comes from real experts while the tender only being held by cronies 🤦‍♀️ most Malaysian large scale projects are like this hence you know why AliBaba companies are prevalent till those China SOEs comes in for projects like ECRL whereby the cronies stay away from it because of China SOE requirements not able to meet

That's why u see the quality provided how "good" 🤪

Everywhere is Alibaba... From don't know how many donkey years.... It's like in our blood.... Must use to get things going...

That's why even ECRL or others Chinese projects also now like this.. for the sake of local participating 😁