Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.70
Par Value: RM 1.00

Dates:
Offer Period Open: 31-12-15
Offer Period Close: 29-01-16
Tentative listing date: 18-02-16

Number of shares:
Public Issue: 375,000,000
Offer for Sale: 100,000,000
Private Placement: -

Stock Code: RANHILL

Official Announcement

PUBLIC OFFERING OF UP TO 475,000,000 ORDINARY SHARES OF RM1.00 EACH IN RANHILL HOLDINGS BERHAD (RANHILL) (OFFERING SHARES) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ISSUED AND PAID-UP CAPITAL OF UP TO 940,994,967 ORDINARY SHARES OF RM1.00 EACH IN RANHILL (SHARES) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING

(A) AN OFFER FOR SALE OF UP TO 100,000,000 EXISTING SHARES (OFS SHARES) AND

(B) A PUBLIC ISSUE OF UP TO 375,000,000 NEW SHARES (ISSUE SHARES), INVOLVING:

(I) INSTITUTIONAL OFFERING OF UP TO 354,180,000 OFFERING SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (INSTITUTIONAL PRICE); AND

(II) RETAIL OFFERING OF 120,820,000 ISSUE SHARES COMPRISING: - RESTRICTED OFFERING OF 65,994,965 ISSUE SHARES TO OUR EXISTING SHAREHOLDERS WHO WERE THE SHAREHOLDERS OF SYMPHONY HOUSE BERHAD AND WERE ENTITLED TO THE SCHEME OF ARRANGEMENT (AS DEFINED HEREIN), ON THE BASIS OF ONE (1) ISSUE SHARE FOR EVERY TEN (10) SYMPHONY SHARES (AS DEFINED HEREIN) HELD ON THE ENTITLEMENT DATE FOR THE SCHEME OF ARRANGEMENT (AS DEFINED HEREIN);

• 36,000,000 ISSUE SHARES RESERVED FOR SUBSCRIPTION BY THE ELIGIBLE INDIVIDUALS (AS DEFINED HEREIN); AND
• PUBLIC OFFERING OF 18,825,035 ISSUE SHARES TO THE MALAYSIAN PUBLIC,

AT THE RETAIL PRICE OF RM1.70 PER ISSUE SHARE (RETAIL PRICE), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED HEREIN), IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND THE OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF (I) THE RETAIL PRICE; OR (II) THE INSTITUTIONAL PRICE.

Company Overview

Ranhill are a Malaysian conglomerate with interests in power and environment sectors. In the power sector, Ranhill develop, own and operate power generation assets. In the environment sector, Ranhill provide water supply services, operate water and wastewater treatment plants, and provide specialised services in the management and optimisation of water utility assets.

Level 15, Wisma Perkeso
155, Jalan Tun Razak, 50400 Kuala Lumpur
 

Tel:  03-2685 5200
Fax: 03-2685 5289
Email: info@ranhill.com.my
Web:  www.ranhill.com.my

In the News

SC approves Ranhill’s RTO

PETALING JAYA: The Securities Commission has finally given the green light for Ranhill Holdings Bhd to be on the Main Market of Bursa Malaysia through the reverse takeover (RTO) of Symphony House Bhd.

The corporate exercise was proposed on March 26 last year and was tweaked to include only its utility business worth RM800mil. Before that, Ranhill intended to do the RTO with its oil and gas businesses.

The deal involves the exchange of the entire issued and paid-up share capital of Symphony of up to RM66mil, comprising up to 660 million Symphony shares for up to 66 million new Ranhill Holdings shares. It is based on one Ranhill Holdings share for every 10 Symphony shares held.

It will also buy Ranhill Group Sdn Bhd, formerly Ranhill Power Sdn Bhd, for RM107mil and Ranhill Utilities Sdn Bhd for RM693mil at the issue price of RM1.60 apiece.

On top of that, it will buy the remaining 47.9% equity interest in RWT (Cayman) by Ranhill Holdings from Ranhill Utilities Sdn Bhd for US$25.42mil (RM96.85mil) but sell all its shares in Symphony through a management buyout for RM60mil.

-- The Star Online