IPO Malaysia
IPO - Perak Transit Berhad (PTRANS)
Listing Detail:
Listing Sought: ACE Market
Issue Price: RM0.15
Par Value: RM 0.10
Dates:
Offer Period Open: 15 Sep 2016
Offer Period Close: 23 Sep 2016
Tentative listing date: 06 Oct 2016
Number of shares:
Public Issue: 58,000,000
Offer for Sale: -
Private Placement: 187,000,000
Stock Code: PTRANS
Official Announcement
INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING PUBLIC ISSUE OF 245,000,000 ORDINARY SHARES OF RM0.10 EACH IN PERAK TRANSIT BERHAD ("PERAK TRANSIT SHARES") IN THE FOLLOWING MANNER:
(I) 58,000,000 NEW PERAK TRANSIT SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; AND
(II) 187,000,000 NEW PERAK TRANSIT SHARES AVAILABLE FOR PRIVATE PLACEMENT TO SELECTED INVESTORS;
AT AN ISSUE PRICE OF RM0.15 PER SHARE, PAYABLE IN FULL ON APPLICATION.
Company Overview
Perak Transit Berhad provides public bus transportation services in Malaysia. It primarily operates Terminal AmanJaya, an integrated public transportation terminal in Ipoh, Perak. It also operates petrol stations in Ipoh, Lahat, and Kuala Kangsar, Perak; and provides management services for bus operations and human resource management services. The company was founded in 2006 and is based in Ipoh, Malaysia.
Address & Contact:
No 1, Persiaran Meru Raya 5,
Meru Raya, 30020 Ipoh, Perak, Malaysia
Phone: +605 526 7718
Fax: +605 545 5310
Website: http://www.peraktransit.com.my/
Perak Transit prepares for listing
Perak Transit Bhd, an Ipoh-based bus company, is raising RM10mil from the public through a new crowd funding platform, even as the company prepares for a listing on Bursa Malaysia later this year.
Managing director Datuk Seri Cheong Kong Fitt said the money raised would be used to purchase more land, provide downpayment for new buses, as well as upgrade the Aman Jaya Terminal.
“We also plan to build a new bus terminal in Kampar. We aim to be listed on the ACE Market on Bursa Malaysia this year, so we are now trying to get the working capital needed,” he said.
He was speaking to reporters after the listing of Perak Transit on the investment account platform (IAP) on Tuesday.
The IAP is a centralised multi-bank platform that enables investors to directly finance ventures of their choice according to their risk-return preferences.
Bank Muamalat Malaysia Bhd is the sponsor for the Perak Transit’s listing on the IAP.
The RM10mil term financing facility for three years is expected to generate a return of 6.5% a year to investors.
The yield, according to Bank Muamalat chief executive officer Datuk Mohd Redza Shah Abdul Wahid, is “a very attractive proposition.”
“We have also set the minimum investment at RM10,000 to encourage all types of investors, especially retail ones, to invest,” he said at the event.
The bank is also fully underwriting the facility and will take up any shortfall not subscribed by investors.
“RAM Ratings will evaluate and provide an independent rating on the company,” Redza said.
Perak Transit is the first venture to be listed on IAP.
-- The Star
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Discussions
Be the first to like this. Showing 50 of 57 comments
Their main profit source is terminal operations. And their terminal operations have very high margins as well. I don't get why you all so focused on their bus operations. And unlike KTB, they have multiple revenue streams.
2016-09-20 10:16
Public just issued, tp 0.21.. Mercury 0.175. Anyone going in??? Today last day
2016-09-23 10:34
About 2 year ago few articles wrote on this terminal.....underutilised, white elephant project, isolated terminal, Ipoh people don't like it, proposed another mini bus terminal in ipoh, allowed certain bus like plusliner, Maju etc to pick up and drop passengers at other places, PR govt especially DAP against this terminal...... best to study first....especially expected GE is next year....perhaps after CNY.
2016-09-23 11:37
If this is the case, this was 2 years ago. Right now things are very different. If you go there during the holidays, you will see traffic has increased.
2016-09-23 12:00
Hah?!? 2 yr ago story u wn to bring up nw?? The terminal now quite sibuk loh. Got much ppl. Go ownself den see yourslf.
2016-09-23 12:25
a new theme park will be open near the perak transit bus station. More housing project include Pr1ma housing at that area. Good feng shui. Growth stock.
2016-10-06 09:21
Bus will the be #1 mode of transport as more ppl sell their cars and switch to public bus transport. This will increase Ptrans top line and bottom line. Rated BUY for the longer term.
2016-10-06 09:26
Many factories and govt offices located at their bus station area. Strategic location. Buy for long-term. Sure untung.
2016-10-06 09:28
A quick glance on the prospectus ... Gerakan President Tan Sri Chang Ko Youn is the Chairman of Ptrans, Bank Muamalat Venture has also stake in this co, MTD as well.
2016-10-06 09:30
Who would sell their cars to sit in bus? U fetch ur family using bus ar? U go yumcha using bus ar? U go buy sayur using bus?
2016-10-06 09:30
No one would sell car and take bus la .... switch to new Proton Saga or Persona perhaps.
Transport Hub, Perak has no MRT like Klang Valley so bus is the next best available public transport.
2016-10-06 09:36
i heard some idiots said this stock will drop until 0.12 when laucnh..where is those idiots?
2016-10-06 16:10
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4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
steel88
KTB(other listed bus company serve M'sia) only 14.5 sen why Perak bus company can do better?
2016-09-18 18:27