Titijaya Group of Companies
N-16-01, Penthouse, Level 16, First Subang,
Jalan SS15/4G, 47500 Subang Jaya,
Selangor Darul Ehsan, Malaysia.
IPO Malaysia
IPO - Titijaya Land Berhad (TITIJYA)
Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.50
Par Value: RM 0.50
Dates:
Offer Period Open: 11-11-13
Offer Period Close: 18-11-13
Tentative listing date: 27-11-13
Number of shares:
Public Issue: 81,705,000
Offer for Sale: 49,500,000
Private Placement: 58,705,000
Stock Code: TITIJYA
Official Announcement
INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:
(I) PUBLIC ISSUE OF 81,705,000 NEW ORDINARY SHARES OF RM0.50 EACH ("SHARES") IN THE FOLLOWING MANNER:
• 17,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE PUBLIC;
• 6,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;
• 34,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY;
• 24,705,000 NEW SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS;
AND
(II) OFFER FOR SALE OF UP TO 49,500,000 EXISTING SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS,
AT AN ISSUE/OFFER PRICE OF RM1.50 PER SHARE, PAYABLE IN FULL UPON APPLICATION
Company Background
Titijaya Land Berhad, an investment holding company, engages in the development and sale of properties in Malaysia. It develops residential properties, including condominiums, residential vacant land lots, and terrace houses; commercial properties comprising commercial centers, retail shops, serviced apartments/suites, shop offices, small office home offices, small office flexible offices, and studio office suites; and industrial properties, such as industrial lots, semi-detached factories, and detached factories. The company was formerly known as Meridian Flagship Berhad and changed its name to Titijaya Land Berhad in August 2012. Titijaya Land Berhad was incorporated in 2012 and is headquartered in Subang Jaya, Malaysia. Titijaya Land Berhad is a subsidiary of Titijaya Group Sdn Bhd.
Address and Contact
Telephone: + (603) 8022 9999
FAX: + (603) 8022 9888
Website: http://www.titijaya.com.my/
Key Executives
- Chief Executive Officer and Director: Mr. Lim Poh Yit (Age: 31)
- Group Financial Controller: Ms. Wong Chow Won (Age: 54)
- Group Managing Director: Prof. Lim Soon Peng (Age: 57)
- Executive Director: Ms. Lim Puay Fung (Age: 33)
- Company Secretary: Nutt Sao Bay
Titijaya Land eyes RM122.6m from IPO
KUALA LUMPUR, Nov 11 — Titijaya Land Bhd, en route to listing on the Main Market of Bursa Malaysia on November 27, aims to raise RM122.6 million from its public initial offering (IPO).
In a statement today, Titijaya said RM49.5 million of the proceeds would be used for working capital and RM15 million to repay bank borrowings. The rest would be used to repay advances from the previous shareholders of a subsidiary company (Epoch Property Sdn Bhd), purchase of land bank, and estimated listing expenses, it said.
The property developer said it would issue 81.7 million new ordinary shares of 50 sen each at an issue price of RM1.50.
“Of the shares, 17 million new issue shares will be for the public, six million new issue shares for eligable directors, employees and persons who have contributed to the success of the group, 34 million for Bumiputera investors approved by the Ministry of International Trade and Industry, and 24.7 million new issue shares by way of placement to selected investors,” it said.
Group operating officer Lim Poh Yit said the funds raised would enable the group to strengthen its position in the Klang Valley as well as encourage geographical expansion to other property hotspots via land bank acquisitions.
“Titijaya owns about 188 hectares of strategic land bank within the Klang Valley that are mostly concentrated in the Petaling and Klang districts,” Lim said. The group’s gross developement value (GDV) for ongoing projects has been estimated at RM1.08 billion.
“To date the company has developed over 3,000 units of properties with a completed GDV of RM1.14 billion,” he said.
-- Bernama
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Discussions
2 people like this. Showing 50 of 77 comments
big cap ipo other than UMWOG are 99% useless coz they price them so high that there's little meat (astro,aax,westbroke, i mean port) left, small and mid cap ipo karex/caring/titijaya will easily fly, titijaya's FY14 estimated pe of 6 is undemanding
2013-11-16 18:02
Heard that Tan Sri Lim is well connected with a lot big shots in town. Maybe that explains how Titijaya manage to buy land banks at such cheap prices and hence the 26% profit margin.
2013-11-17 11:37
@asamlaksa, betul ke ni analysis u.I'm newbie. i think IF the market price < IPO price, this counter can tutup kedai lah.. For AAX, maybe Airline biz has dependency to oil petrol, currency ..ringgit keep depreciated kut, impact to them.
2013-11-17 15:02
This blog here shows much confidence in Titijaya's stock..
http://www.investlah.com/forum/index.php?topic=60011.msg1155988;topicseen
2013-11-18 00:11
I had miss today Bjauoto @1.55 because busy which already discuss with friend today move no matter the price, now can't move in. So intention to invest at this new counter Titijaya, any tips...? pls do let me know, think to earn some money for Chinese new year leh.
2013-11-18 10:38
Titijaya NA is RM0.94 after listing. 30pc dividend distribution. Need not to worry much unless the owner enjoy the dividend first before listing as shown by Astro and Westport.
2013-11-19 23:05
property counters hammered again today... will little titi buck the trend?
2013-11-20 14:53
Base on current trend,high possibility titi can turn into Manhattan Bridge lol.
2013-11-20 14:55
long term potential is fantastic for titi. but short term will be hard to tell. well at least they are not exposed to soon-to-be ghost town iskandar.
2013-11-20 14:57
Just few days ago read from kinbiz,foreigners that invest at Iskandar will be waive for the RPGT tax but not with our locals, not sure this scenario is true or not.
2013-11-20 15:00
if that was true then it shows desperation - meaning demand is seriously bad there.
2013-11-20 15:04
callme77 u still have chance.mine not succesful, m2u immediately auto reverse $$$ back to me, haiz... have to hunt for other counter tomorrow
2013-11-21 22:23
Maybank auto reverse$$$ back to my account .
Better luck next time.
Sephiroth, Hope Matrix get some
2013-11-21 22:36
hello, mine says "reserve" is that the same as waiting list? and also how long will it take for them to make up their minds? tersangkut pulak duit.
2013-11-22 15:56
Satu pun x dapat. Good luck sape yg dapat. I think nice debut on listing day.My friends ramai yg masuk waiting list...
2013-11-23 08:15
hey.. i just check my account, they credited back my money... i thought only on 27th nov we will know... aiyaa.... refunded full amount means i wont be getting anything??? -.-
2013-11-25 08:46
zafroonaldo, If your money was refunded means you are not allotted any shares. The balloting was done on 20 Nov, result was out at 21 Nov. 27 Nov is the listing date for the shares.
2013-11-25 14:34
yeah, bcos i saw on the prospectus i thought it was stated on 26 nov for the balloting result to come out. hehe.. did u get any seal9730?
2013-11-25 15:19
Don't worry, steady..the price will be increased..be confident of your choice! =)
2013-12-08 19:01
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
asamlaksa
Titijaya IPO's Ad appears in Sin Chew Daily & The Star.
Remember the AAX IPO doing roadshow n advertised in printed media. Now the price of AAX 20 sen below IPO. Titijaya will not be oversubscribed like Karex or Caring do. Be Cautious.
Quoted somewhere: You $ your choice.
2013-11-16 17:37