Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.38
Par Value: RM 0.10

Dates:
Offer Period Open: 08-05-14
Offer Period Close: 16-05-14
Tentative listing date: 30-05-14

Number of shares:
Public Issue: 181,385,000
Offer for Sale: 348,940,000

Stock Code: SEM

Official Announcement

INITIAL PUBLIC OFFERING OF UP TO 530,325,000 ORDINARY SHARES OF RM0.10 EACH IN 7-ELEVEN MALAYSIA HOLDINGS BERHAD (FORMERLY KNOWN AS SEVEN CONVENIENCE BERHAD) ("7-ELEVEN MALAYSIA HOLDINGS") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF 7-ELEVEN MALAYSIA HOLDINGS, COMPRISING 1,233,385,000 ORDINARY SHARES OF RM0.10 EACH IN 7-ELEVEN MALAYSIA HOLDINGS ("SHARES"), ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING AN OFFER FOR SALE OF UP TO 348,940,000 EXISTING SHARES ("OFFER SHARES") AND A PUBLIC ISSUE OF 181,385,000 NEW SHARES ("ISSUE SHARES") INVOLVING:

(I) INSTITUTIONAL OFFERING OF UP TO 490,780,000 IPO SHARES TO BE ALLOCATED IN THE FOLLOWING MANNER:

(A) UP TO 348,940,000 OFFER SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS; AND

(B) 141,840,000 ISSUE SHARES TO BUMIPUTERA INSTITUTIONAL AND SELECTED INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY ("MITI TRANCHE"),

AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (“INSTITUTIONAL PRICE”); AND

(II) RETAIL OFFERING OF 39,545,000 ISSUE SHARES TO BE ALLOCATED IN THE FOLLOWING MANNER:

(A) 34,045,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC VIA BALLOTING; AND

(B) 5,500,000 ISSUE SHARES RESERVED FOR APPLICATION BY THE ELIGIBLE PERSONS (AS DEFINED HEREIN),

AT THE RETAIL PRICE OF RM1.38 PER SHARE ('RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND FINAL RETAIL PRICE (AS DEFINED HEREIN), IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE.

SUBJECT TO CLAWBACK AND REALLOCATION PROVISIONS AND THE OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUIVALENT TO THE LOWER OF (I) THE RETAIL PRICE; OR (II) INSTITUTIONAL PRICE.

In the News - Convenience-Store Operator Plans $225 Million Flotation

7-Eleven Malaysia Holdings Bhd. said Thursday that it has started taking orders for its planned $225 million initial public offering, set to be the country's biggest market debut so far this year.

The offering would be a shot in the arm for the Malaysian equities market, which has recently faced an IPO drought. The convenience-store operator aims to list on Bursa Malaysia on May 30 and, if successful, would be the country's largest IPO in nearly seven months after offshore service provider UMW Oil & Gas Corp. 5243.KU -1.69% Bhd. raised $740 million last year.

Controlled by tycoon Vincent Tan, 7-Eleven Malaysia said it has already secured commitments from eight investors who have agreed to take up more than two-thirds of the IPO, despite the lackluster market. The investors include AIA Group Ltd. 1299.HK -1.04% , UOB Asset Management Malaysia Bhd., Macquarie Funds Management, York Capital Management, Albizia Asean Opportunities Fund, Matthews International Capital Management LLC, Genesis Investment Management LLP and Capital Research & Management Co.

Cornerstone investors generally come in ahead of the company's IPO launch, which helps other investors to build their appetite for the company's shares.

Malaysia, which a few years back hogged the limelight in Southeast Asia as a venue for big IPOs, has steadily seen such activity slow as volatile markets conditions spooked investor sentiment toward flotations and companies were forced to either delay or scrap such offerings.

According to data tracker Dealogic, new listings in Malaysia have raised only $9 million so far this year compared with $243 million in the same period last year. In 2013, IPOs in the country raised $2.6 billion, which also pales in comparison with some $12 billion raised in 2012.

The country's benchmark index, the FTSE Bursa Malaysia KLCI, is up just 0.2% so far this year.

7-Eleven Malaysia's IPO had been originally planned for late 2013, but was delayed due to weak markets. Mr. Tan also dropped a plan to list its lottery unit as a business trust on the Singapore Stock Exchange due to "difficult" market conditions.

Apart from 7-Eleven Malaysia, Mr. Tan, Malaysia's ninth-richest person according to Forbes, is also looking to list his online company MOL Global Pte. in the U.S. and football club Cardiff City, for which a listing venue is yet to be determined.

A successful listing of 7-Eleven Malaysia could boost investor appetite ahead of other deals in the pipeline. Among them is a US$1.5 billion offering by 1Malaysia Development Bhd. that could come to the market in the second half of this year.

7-Eleven Malaysia is seeking to sell up to 430.3 million shares, or 43% of the firm's total equity, at a price range of between 1.33 ringgit ($0.41) to 1.38 ringgit ($0.42) a piece, people with knowledge of the deal said.

Mr. Tan said the company plans to open additional 600 stores by 2016 and refurbish some of its 1,500 stores in Malaysia. There are only 131 convenience stores per million people in the country, which compares with 192 stores per million people in neighboring Thailand, Mr. Tan noted in a speech during the company's prospectus launch Thursday.

Mr. Tan had left an insurance job to buy his first McDonald's Corp. franchise in 1982, which he sold back to the U.S. restaurant company in 2006. He is the founder of conglomerate Berjaya Corp. 3395.KU +3.06% , which has interests in gambling, property development, hotels and fast-food franchises.

-- Wall Street Journal