Hi all,
Some updates on MSM IPO, the prospectus is already out yesterday 2 June 2011. Sharing with you some of the important information that we gather from the prospectus for your reference..
As all of you know, MSM is the leading sugar producer in Malaysia. In Year 2010 alone, MSM produced approximately 945,000 mt of refined sugar which accounted 57% of total sugar production in Malaysia.
For financial year 2010, MSM PATAMI stood at RM 232.9 from RM 2,168.6 Million in revenue in which 88.5% of the revenue comes from domestic sales.
In Year 2011, unaudited financial report for 3 months ended 31 March show a jump in PAT from RM 12 million to RM 62 million in the same period last year. As at 31 March 2011, MSM total assets reached RM 1.796 billion.
MSM IPO will be priced at RM 3.38 per shares for retailer but subject to 97% of Institutional Price which ever lower. Price determination date will be on 15 June 2011, a day after the institutional closing day.
Upon listing, MSM Market Capital will be close to RM 2.4 billion
MSM plan for dividend pay-out-ratio of 50% of the PAT.
Below is update on the summary of MSM Malaysia Holdings Bhd as promised before. You may refer to previous summary here
Financial Year Summary
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