Listing Detail:
Listing Sought: Main Market
Issue Price: RM 0.70
Par Value: RM 0.50

Dates:
Offer Period Open: 18-10-13
Offer Period Close: 1-11-13
Tentative listing date:  18-11-13

Number of shares:
Public Issue: 41,314,000
Private Placement: 41,449,000
Stock Code: BJAUTO

Official Announcement

PUBLIC ISSUE OF 82,763,000 NEW ORDINARY SHARES OF RM0.50 EACH IN BERJAYA AUTO BERHAD (“BAUTO”) (“ISSUE SHARES”) COMPRISING:

• 41,449,000 ISSUE SHARES ALLOCATED BY WAY OF PRIVATE PLACEMENT TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS;
• 10,157,000 ISSUE SHARES ALLOCATED TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY;
• 19,157,000 ISSUE SHARES RESERVED FOR APPLICATION BY THE ENTITLED SHAREHOLDERS OF BERJAYA CORPORATION BERHAD (AS DEFINED HEREIN); AND
• 12,000,000 ISSUE SHARES RESERVED FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF BAUTO AND ITS SUBSIDIARIES (“BAUTO GROUP”), AND THE ELIGIBLE BUSINESS ASSOCIATES WHO HAVE CONTRIBUTEDTO THE SUCCESS OF THE BAUTO GROUP,

SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AT AN ISSUE PRICE OF RM0.70 PER ISSUE SHARE IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP SHARECAPITAL OF BAUTO ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

Company Overview of Berjaya Auto Berhad

Berjaya Auto Berhad, an investment holding company, engages in the distribution and retailing of new and used Mazda vehicles in Malaysia. It also provides after sales services for Mazda vehicles. In addition, the company is involved in purchasing, acquiring, owning, leasing, selling, transferring, encumbering, and dealing in various new automobiles, trucks, and other motor vehicles; and dealing in a range of supplies used by various motor vehicles. It distributes Mazda vehicles to various retail customers across demographic groups through its own branches and dealers. The company was incorporated in 2010 and is headquartered in Shah Alam, Malaysia. Berjaya Auto Berhad is a subsidiary of Berjaya Corporation.

Berjaya Auto To Raise RM57.93 Million From IPO

KUALA LUMPUR, Oct 18 (Bernama) -- Berjaya Auto Bhd (BAuto) will offer 82.76 million new ordinary shares under its initial public offering (IPO) at an offer price of 70 sen apiece to raise RM57.93 million.

In a filing to Bursa Malaysia on Friday, BAuto said of the 82.76 million new shares, 41.45 million shares will be placed out to Malaysian institutional and selected investors.

It said 10.16 million shares will be allocated to Bumiputera investors while 19.16 million shares will be reserved for entitled shareholders of Berjaya Corp Bhd.

The remaining 12 million shares were reserved for eligible directors and employees, it said.

It said the tentative listing date will be on Nov 18, 2013.

-- BERNAMA