Malaysian IPO

Hi all,


Today I wish to share with you a bit on Malaysian IPO..Wanna know? Let me ask you this..

Do you know that 12 IPOs which were out early this year has successfully debut higher than their offered price?

Yes..indeed they are..making Malaysian IPO once again turns out to be very2 eye-catching..In addition to that, half of the shares are currently trading at 40% higher than the initial price. The latest IPO Company named Boilermech, listed almost 3 times the offered price!

So, how do you see 2^ndhalf 2011 would be?

Yup, you are right, we would see few 'big' company to be listed in Bursa Malaysia starting with UOA Development. Others such as Bumi Armada, MSM Holding, Pavilion, Gas Malaysia, AirAsiaX are waiting for their turn and should attract local and foreign investors.

Let us go through details of the UOA Development this time around..shall we?

1. UOA Development Bhd

UOA Development is a property development, construction and property investment company. Current development is in Bangsar South Cityone of MSC-status centre in KL. It is one of the leading property developer in KL.

UOA currently have a total of saleable and lettable are of approximately 329,733 sq m of properties with estimated GDV of RM 2.07Billion to be completed over the next 3 years.

Prospectus for UOA Development officially published and open for investor view on 18-May-2011. In total, the IPO offers 407mil shares as below :

                                                               i.      Institutional : 337 mil shares

                                                             ii.      Retails : 70 mil shares

       -  10 mil shares – eligible directors & employees

       -    30 mil shares – Bumiputera

       -     30 mil shares – Public

Final price will be determined on 26-May-2011, after closing for Institutional Offering, and will be the lower of :

                                                               i.      The retail price (RM2.90)

                                                             ii.      97% of the institutional price

IPO/Company Summary

*Sources : Thestar online, UOA Group, Malaysia Property News

Financial Year Summary