Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.20
Par Value: RM 0.10

Dates:
Offer Period Open: 26 Apr 16
Offer Period Close: 04 May 16
Tentative listing date: 16 May 16

Number of shares:
Public Issue: 113,000,000
Offer for Sale: -
Private Placement: 42,200,000

Stock Code: LKL

Official Announcement

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF LKL INTERNATIONAL BERHAD ("LKL INTERNATIONAL") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING PUBLIC ISSUE OF 113,000,000 NEW ORDINARY SHARES OF RM0.10 EACH ("SHARES") IN THE FOLLOWING MANNER:-

- 8,000,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

- 13,200,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;

- 42,200,000 NEW SHARES MADE AVAILABLE BY WAY OF PLACEMENT TO SELECTED INVESTORS; AND

- 49,600,000 NEW SHARES MADE AVAILABLE BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY;

AT AN ISSUE PRICE OF RM0.20 PER SHARE, PAYABLE IN FULL UPON APPLICATION.

Company Overview

LKL Advance Metaltech Sdn. Bhd. is Malaysia ‘s home grown medical furniture and equipment manufacturer, providing solutions for today’s healthcare sector. LKL specialize in a broad spectrum of products, namely medical beds, delivery beds, patient transport trolleys, medical carts, instrument trolleys, examination tables, overbed tables and other medical peripherals and accessories.

No 3, Jalan BS 7/18,
Kawasan Perindustrian Bukit Serdang,
Seksyen 7, 43300 Seri Kembangan,
Selangor, Malaysia

Tel : +603 8948 2990
Mobile: +6016 3328 242 / 016 2328 195
Fax : +603 8948 7904 / 8943 8487

Email: info@lklbeds.com
Web:  http://www.lklbeds.com/

News: LKL International to raise RM22.6mil from IPO

KUALA LUMPUR: LKL International Bhd, en route to listing on the ACE Market of Bursa Malaysia on May 16, plans to raise RM22.6mil in proceeds from the initial public offering (IPO).

LKL International’s unit, LKL Advance Metaltech Sdn Bhd, is principally involved in the provision of medical/healthcare beds, peripherals and accessories that are largely for hospitals, medical centres and various healthcare-related facilities.

In a statement on Tuesday, the company said based on the issue price of 20 sen apiece and the enlarged issued and paid-up share capital of LKL International of 428.8 million shares, it would have a market capitalisation of RM85.76mil.

“About 37.6% of the proceeds will be used for capital expenditure, whereby it plans to buy three Computer Numerical Control machinery, which will allow the group to increase its operating efficiencies and process inaccuracies by minimising wastages and lowering dependency on human labour.
 

“About 17.68% is allocated to repay bank borrowings, 33.65% as working capital and 11.06% to cover listing expenses,” it said.

On prospects, group general manager, Lim Pak Hong, said the local healthcare services industry remained resilient, as Malaysia registered a growth in total expenditure to RM41bil in 2013 from RM17.8bil in 2004.

“In the 11th Malaysia Plan, the Government announced its aim to achieve universal access to quality healthcare, and aims to increase the medical ratio from 1.9 beds to 2.3 beds per 1,000 population.

“We believe that these initiatives will augur well for the industry and for us,” he said.

According to the prospectus, which was launched on Tuesday, about 1.86% would be made available to Malaysian public through balloting, of which 50% would strictly be for bumiputra investors.

Approximately 3.08% would be allocated to eligible directors, employees and persons who contributed to the success of the company, 9.84% for selected investors and 11.57% for bumiputra investors who are approved by the International Trade and Industry Ministry.

The application for the public issue will close on May 4. -- Bernama