Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.23
Par Value: RM 0.10

Dates:
Offer Period Open: 21-01-14
Offer Period Close: 27-01-14
Tentative listing date: 13-02-14

Number of shares:
Public Issue: 90,692,000
Offer for Sale: 32,980,000
Private Placement: 77,692,000

Stock Code: SCH

Official Announcement

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF SCH ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:-

(I) PUBLIC ISSUE OF 90,692,000 NEW ORDINARY SHARES OF RM0.10 EACH IN SCH (“SHARES”) ALLOCATED IN THE FOLLOWING MANNER:-

• 13,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
• 13,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND BUSINESS ASSOCIATES/PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE COMPANY AND ITS SUBSIDIARIES;
• 19,662,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS;
• 45,030,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND

(II) OFFER FOR SALE OF 32,980,000 SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS,

AT AN ISSUE/OFFER PRICE OF RM0.23 PER SHARE, PAYABLE IN FULL UPON APPLICATION.

Company Background

SCH Group Berhad, together with its subsidiaries, engages in importing, distributing, and supplying various types of industrial products and spare parts, machinery, and equipment, as well as machinery and equipment spare parts to the quarry industry in Malaysia and south east Asia. It is also involved in manufacturing, distributing, and supplying quarry grills. The company supplies industrial products and spare parts, which primarily comprise conveyor belts, ammonium nitrate, crushers, drilling equipment, steel plate/cutting edge conveyor rolls, and other types of industrial products and spare parts that are used in various stages in a quarrying process; and quarry machinery and equipment, including cone crushers, jaw crushers, and hydraulic crawler drills. It also supplies spare parts associated with the machinery and equipment, such as filters, sprockets, idlers, hoses, and roller chains, as well as machinery engine parts comprising pistons, engine cylinders, belts, tubes, valves, gears, and other products; and industrial products and spare parts to companies in the mining industry, as well as provides engineering and integration, maintenance/ replacement, and repair services. SCH Group Berhad is based in Balakong, Malaysia.

Address and Contact

Address: No 3, Jalan Teras 3, Kawasan Industri Teras Balakong, Taman Industri Selesa Jaya, Balakong, 43300 Selangor
Tel: +603-8961 8003
Fax: +603-8961 1002/ 8962 1002
Email: schsb1@streamyx.com
Website: http://www.schsb.com.my/index.asp

SCH Group to raise RM20.86m from IPO

KUALA LUMPUR: SCH Group Bhd, which is en-route for a listing on the ACE Market of Bursa Malaysia, expects to raise RM 20.86mil from its initial public offering (IPO).

It said on Tuesday that of the total gross proceeds, RM10mil will be used for capital expenditure including building the group's new operation facility, RM5mil to purchase new quarry machinery and quarry equipment as inventories for its distributions and supply of quarry machinery and quarry equipment business segment, RM3.86mil for working capital while RM2mil for listing expenses.

The RM14mil new operations facility will be a four-storey building comprising of a corporate office, warehouse, factory as well as showroom cum service centre for quarry machinery and quarry equipment and reconditioning works space. The building plans are pending approval from relevant authorities.

According to its prospectus, SCH Group is expected to be listed on Feb 13.

The listing exercise involves the issue of 90.69 million new shares of 10 sen each at an offer price of 23 sen each.

Of the 90.69 million new shares, it said 13 million would be made available to the public and another 13 million shares allocated for eligible directors, staff and business associates.

SCH also said 19.66 million new shares would be placed out to selected investors and 45.03 million new shares placed out to approved Bumiputera investors.

The listing exercise would also involve an offer for sale of 32.98 million shares to be placed out to selected investors.