Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.25
Par Value: RM 0.50

Dates:
Offer Period Open: 26-06-14
Offer Period Close: 3-07-14
Tentative listing date: 17-07-14

Number of shares:
Public Issue: 52,140,000
Offer for Sale: 49,450,000
Private Placement: 75,184,000

Stock Code: TMAKMUR

Official Announcement

INITIAL PUBLIC OFFERING OF 101,590,000 ORDINARY SHARES OF RM0.50 EACH IN TANAH MAKMUR BERHAD (FORMERLY KNOWN AS KREATIF SELARAS SDN BHD) (“TANAH MAKMUR”) (“IPO SHARES”)
IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ORDINARY SHARES OF RM0.50 EACH IN TANAH MAKMUR (“SHARES”) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES
BERHAD COMPRISING AN OFFER FOR SALE OF 49,450,000 EXISTING SHARES AND A PUBLIC ISSUE OF 52,140,000 NEW SHARES, IN THE FOLLOWING MANNER:

(I) INSTITUTIONAL OFFERING OF 75,184,000 IPO SHARES TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS AT RM1.25 PER IPO SHARE; AND

(II) RETAIL OFFERING OF 26,406,000 IPO SHARES TO THE ELIGIBLE DIRECTORS AND EMPLOYEES, AND ELIGIBLE PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF TANAH MAKMUR AND ITS SUBSIDIARIES, AND THE MALAYSIAN PUBLIC, AT RM1.25 PER IPO SHARE PAYABLE IN FULL UPON APPLICATION,

SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS

Company Overview

Tanah Makmur Berhad was incorporated in Malaysia under the Act as a private limited company on 18 December 2008 under the name of Kreatif Selaras Sdn Bhd. It commenced business on 5 May 2009.

On 17 October 2013, the company name was changed to Tanah Makmur Sdn Bhd and on 29 November 2013, the Company was subsequently converted into a public limited company and assumed its present name of Tanah Makmur Berhad.

Tanah Makmur Berhad is principally involved in the cultivation of oil palms and its ancillary activities comprising the operation of our palm oil mill and compost plant. The Group is also involved in other non-oil palm related activities such as property development in Pahang, Malaysia.

Website: http://www.tanahmakmur.com/

Bangunan Kurnia Setia, No. 1, Jalan Besar, 25000, Kuantan,
Pahang Darul Makmur.
Tel : +609 514 8866 Fax : +609 514 8822

In the News: Tanah Makmur IPO at RM1.25 per share

KUALA LUMPUR: Pahang-based plantation player Tanah Makmur Bhd has priced its initial public offer (IPO) at RM1.25 per share as it seeks a listing on the Main Market of Bursa Malaysia Securities. According to its prospectus issued on Thursday it said the IPO comprised of 101.59 million shares of 50 sen each.

Tanah Makmur took over plantation-based Kurnia Setia Bhd four years ago, is set to make its debut on the Main Market of Bursa Malaysia. The company is seeking a listing as a plantation and property player as opposed to Kurnia Setia that was a pure plantation outfit.

Its IPO comprised of an offer for sale of 49.45 million existing shares and a public issue of 52.14 million new shares. Tanah Makmur said the institutional tranche of 75.18 million shares would be offered to Malaysian institutional and selected investors at RM1.25 per share. The retail offering of 26.40 million IPO shares would be offered to the eligible directors, employees and eligible persons and the Malaysian public at RM1.25 per share.
 

-- The Star Online