Hi folks..so sorry for the silence.., well..what can we say.. still feeling disappointed for being unlucky on the MSM IPO. Last 2 days, we got refund from the MSM application. L Anyway, the past is the past and life goes on. Perhaps we will be luckier in our next IPO application. So moving on, let discuss on Eversendai IPO..shall we?
Eversendai had made official offering last Wednesday; 15-June-2011 and the offering is scheduled to be last to a week later, 21-June-2011.
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| Source: Eversendai Prospectus |
Lets discuss about the company background first ya..Eversendai which incorporated in Malaysia back in 1993, are internationally recognized and established structural steel turnkey contractor and power plant contractor.
Before entering Middle East market, the group involved in various structural steel works for buildings in Malaysia such as Dayabumi, Shah Alam Proton car plant, KL Tower, KLCC, and also KL Sentral.
The group then entered the Middle East market in 1996 and awarded with few Mega project including Burj Al Arab, Emirates Tower, Gate building, Dubai Mall – Dubai, Khalifa Stadium, New Doha international Airport – Qatar, Capital Gate Building – Abu Dhabi, Kingdom Center – Saudi Arabia, and also world tallest building in the world, Burj Khalifa at 828 metres / more than 160 stories high.
In general, the group had presented in many landmark projects, not only in Malaysia but also Singapore, Thailand, Philippines, Indonesia, Hong Kong, Oman, Saudi Arabia, Bahrain, Qatar and UAE.
The Group had name themselves as one of the expertise in power plant construction works such as Jana Manjung Coal power plant, Tanjung Bin Coal power plant, Jimah coal power plant and currently undertaking North Chennai power plant project in India.
Summary of awarded contract value from year 2008 – 2010 are as below :
Back to the IPO business, the IPO priced at RM 1.70 for retail and will be subject to 95% of institutional price, whichever lower.
A total of 232.19 million shares to be offered which translated into 30% of the enlarge share capital after the IPO of 774 million shares.
The offered are details as below :
i. Institutional Offering : 202.04 million shares
ii. Retail Offering :
· Malaysia Public - 20 million shares
ii. Retail Offering :
· Malaysia Public - 20 million shares
· Directors & employees – 10.15 million shares
Below are summary on the IPO :
Financial Year Summary
Hi,There are numerous variations of these entities which each serves its own specific purpose for Incorporation in Qatar and will often require specialized tools and knowledge.thanks.....
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