Ronnie's Blog

KUALA LUMPUR (Dec 27): TSA Group Bhd is pricing its shares at 55 sen apiece, seeking to raise some RM42.53 million through an initial public offering (IPO) on Bursa Malaysia’s ACE Market. At 55 sen per share, the industrial hardware products and stainless steel pipes and metal products manufacturer is expected to have a market capitalisation of RM170.12 million after listing, valuing the company at about 4.23 times its price-earnings multiple — based on a net profit of RM39.85 million for the financial year ended Dec 31, 2022 (FY2022). At the prospectus launch on Wednesday, the group said RM42.53 million of the proceeds will be raised from the issuance of 77.33 million new shares, representing 25% of its expanded share capital of 309.3 million shares. Prospectus:  Announcement details (bursamalaysia.com) Source: The Edge

Board : Main Market [under REITs] Offer Price : RM1.25 (indicative issue price) An indicative timetable for the Offering is set out below: Date              Event 23-08-2012    Opening date and time for the Retail Offering 28-08-2012    Opening of the Institutional Offering 30-08-2012    Closing date and time for the Retail Offering 04-09-2012    Closing of the Institutional Offering 04-09-2012    Price Determination Date 05-09-2012    Balloting of applications for Offer Units pursuant to the Retail Offering for the Malaysian Public portion 18-09-2012    Transfer of Offer Units to successful applicants 19-09-2012    Listing of IGB REIT on the Main Market Distribution Policy: Distribution Income on a half-yearly basis Type: Retail Assets: Mid Valley Megamall (Completed in 1999) The Gardens Mall (Completed in 2007) Total mar...