IPO Malaysia
IPO - Kim Teck Cheong Consolidated Berhad (KTC)
Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.15
Par Value: RM 0.10
Dates:
Offer Period Open: 28-10-15
Offer Period Close: 12-11-15
Tentative listing date: 25-11-15
Number of shares:
Public Issue: 142,000,000
Offer for Sale: -
Private Placement: 91,745,000
Stock Code: KTC
Official Announcement
PUBLIC ISSUE OF 142,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN KIM TECK CHEONG CONSOLIDATED BERHAD AT AN ISSUE PRICE OF RM0.15 PER ORDINARY SHARE IN CONJUNCTION WITH KIM TECK CHEONG CONSOLIDATED BERHAD'S LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD.
Company Overview
Kim Teck Cheong Consolidated Berhad distributes third party brands of consumer packaged goods in East Malaysia. It distributes products, including dry, frozen, and chilled foods, as well as beverages; and non-food products, such as personal care, household, baby care, OTC drugs, and health supplements. The company also manufactures bakery products, as well as personal care products, and frozen and dry foods. In addition, it provides logistics services comprising warehousing and delivery services to external customers. Kim Teck Cheong Consolidated Berhad was founded in 1938 and is headquartered in Kota Kinabalu, Malaysia.
Address & Contact:
Lot 73, Jalan Kilang, SEDCO Light Industrial Estate
Mile 5, Jalan Tuaran, Kota Kinabalu, 88450
Malaysia
Phone: 6013 8110 111
Fax: 603 2727 3311
In the news
Sabah based Kim Teck Cheong to raise RM21m from IPO
KUALA LUMPUR: Sabah-based consumer package goods manufacturer and distributor Kim Teck Cheong Consolidated Bhd (KTC) plans to raise RM21.3mil in its initial public offering (IPO).
KTC said on Wednesday it plans to use the proceeds to expand its warehousing facilities, warehousing construction and equipment purchase, all amounting to RM14mil.
The remainder will be spent on working capital and listing expenses.
It is slated to list on the ACE Market of Bursa Malaysia at the end of November.
Under its IPO, KTC plans to issue 142 million new shares, or 27.83% of its share capital at 15 sen a piece.
Also, 34 million new shares will be made to the public, 16.255 million for eligible employees of the group and 91.745 million shared for selected investors.
The company said it had already identified institutional investors for the placement of shares, which comprise local insurance and unit trust funds.
KTC has a market size of about RM6.8bil in East Malaysia and RM33bil in West Malaysia, with 6419 sales and distribution points.
-- The Star
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Discussions
3 people like this. Showing 39 of 39 comments
They said they have a market size of RM6.8 billion in East malaysia and RM33B in West ... why the price so cheap??
2015-11-05 00:00
Market size of RM6.8 billion in EM and RM33B in Peninsular would make them one of the largest companies in Malaysia, bigger than Sime Darby worldwide. Where do you get these figures?
2015-11-05 11:03
issue price seems quite cheap..might buy this and see if price can go up in the first 2 weeks..hope can goreng
2015-11-10 00:34
the IPO CLOSING DATE IS ON 12/11/15...NEED MORE FASTER..
THIS IPO HAVE VERY LONG OFFER PERIOD COMPARED WITH OTHERS
2015-11-11 12:50
Need ur advise. I have bought some ipo for this. Could I sell the share on the first listing day??
2015-11-12 06:03
upshare, you can sell on the first listing day if lucky allotment this IPO.
2015-11-12 11:15
if i wanna apply 5000lot ,inside my bank must ready the money or after i get the ipo only pay it?please tell me,coz i never apply for ipo
2015-11-17 17:27
let's say i apply rm7500 , on 16 Nov MIH return me RM6450 . mean on 25Nov my portfolio in Itrade got RM1050 share ?
2015-11-17 17:31
@kahfai
u account must have money. If u apply for 1000lot @ 0,15.u account must have a least 15K. Once u apply, the bank when deduct 15K direct from u account.
And u need wait until balloting time. If u success , u can get the IPO share. Otherwise, ur money will return back to ur accout.
2015-11-17 17:42
not easy to get the IPO.... just hope listing day still can get some before it shoot up~ valuecap may pump money to this counter~
2015-11-17 21:30
I read some reports say RM0.24. Well above that already but it is penny stock and in good sector (F&B), so it might attract alot of interest.
2015-11-25 10:21
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any comment ???? the IPO price is cheap . can buy or not ??
2015-11-04 12:43