Engineering solutions provider Kawan Renergy Bhd, which is also an independent power producer involved in power generation and the sale of electricity, is seeking an initial public offering (IPO) on the ACE Market of Bursa Malaysia to raise funds for its investment in a new 2MW power plant, among others.

The local bourse's website, the proposed IPO will comprise 110 million new shares and 34.5 million existing shares to be put up for sale by way of private placement — of which 5.5 million will be offered to Bumiputera investors.

As for the new shares, 27.5 million will be made available for application by the Malaysian public, and 19.25 million for eligible directors and employees of the company, while the balance 63.25 million will be placed out to Bumiputera investors.

The company is expected to have an enlarged share capital of 550 million shares upon listing, from 440 million before that.

Besides power generation, Kawan Renergy — through its subsidiaries — is primarily involved in the design, fabrication, installation and/or commissioning of industrial process equipment (such as heat exchangers, pressure vessels, boilers and heaters), process plants (focusing on food processing, oleochemical and chemical processing, and waste recovery), as well as renewable energy and co-generation plants.

The group made a profit after tax of RM14.23 million for the financial year ended Oct 31, 2022 (FY2022), more than double the RM6.88 million it made in FY2021 — and over three times the RM4.43 million netted in FY2020 — as the group's revenue jumped to RM139.18 million in FY2022, from RM64.04 million in FY2021, and RM48.82 million in FY2020.

Its main revenue contributor was "design, fabrication, installation and/or commissioning solutions", which made up the entire revenue for Kawan Renergy from FY2020 to FY2022.

https://theedgemalaysia.com/node/677490

not bad they have huge fabrication facilities

Parking

Miti already opened

MAKLUMAT SAHAM

1) Nama Syarikat : KAWAN RENERGY BERHAD ("KAWAN")

2) Jumlah Saham Khas (MITI): 68,750,000 Unit

3) Harga Tawaran Indikatif : RM 0.30 Seunit

4) Aktiviti Utama Syarikat : Kumpulan ini merupakan pembekal penyelesaian kejuruteraan, terutamanya terlibat dalam reka bentuk, pembuatan, pemasangan, dan/atau pengoperasian peralatan proses industri, loji proses, serta loji tenaga boleh baharu dan co-generasi. Sebagai pembekal penyelesaian kejuruteraan, penyelesaian kami merangkumi keupayaan teknikal kumpulan ini untuk menganalisis keperluan pelanggan ia dan secara proaktif mencadangkan penyelesaian reka bentuk yang sesuai yang disesuaikan untuk memenuhi keperluan kejuruteraan pelanggan ia. Selain mencadangkan penyelesaian reka bentuk, penyelesaian kumpulan ini juga merangkumi keupayaan untuk menyediakan pengeluaran dalaman, pemasangan, dan/atau penyelenggaraan peralatan proses industri, kilang proses, serta kilang tenaga boleh diperbaharui dan co-generasi. Selain daripada aktiviti perniagaan utama yang telah diungkapkan, kumpulan ini juga terlibat dalam penghasilan tenaga dan penjualan elektrik.

10) Jenis Saham : Patuh Syariah

Would KAWAN RENERBY (Energy sector) will benefit from NETR ?

Next KJTS

#tayor

why say that?

Still no news when can apply for IPO

Can ah? Company got make money or not? Got big projects coming in bo?

IPO on May

RE related, must fly one

#tayor

RE means what?

Renewable energy

Kawan Renergy inks underwriting agreement for ACE Market IPO in 2Q

This post has been edited by nibiahk: Apr 3 2024, 08:25 PM

Can kumpul fund before closing..then apply a lot

Good chance to have a portfolio in RE sector. Its the in thing now.

Potential another keyfield ipo performance