UOA IPO - Updates on Final Price

Hi folks, sharing with you some updates we gather on UOA IPO...

Yesterday, UOA have officially set the IPO price at RM 2.60 for institutional & RM 2.52 for retail application. Although the price is about 9% lower than the earlier target, the IPO still raise about RM1.053 billion which makes them the largest IPO after Petronas Chemicals last year.

Refund of around RM0.38 per share is schedule to be refunded to the successful applicants within 10 days from the price setting which is on the 27-May-11.

Updated below the summary of the IPO. Refer to here on previous IPO summary.

Source: Bursa Malaysia