NORTHEAST GROUP BERHAD

KLSE: NE (0325)

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IPO Info
Offer Period

Opening

2024-09-26

Closing

2024-10-03

Time Table

Allotment Date

2024-10-14

Listing Date

2024-10-15

Price

Issue Price

-

Units

-

Share Capital

0.000

No of Shares

Public Issue

-

Offer for Sale

-

Private Placement

-

Issuing House

-

ISIN Code

-

Prospectus:

INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF NORTHEAST GROUP BERHAD ("NORTHEAST" OR "COMPANY") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 168,989,000 NEW ORDINARY SHARES IN OUR COMPANY ("SHARES") ("ISSUE SHARE(S)") IN THE FOLLOWING MANNER: (A) 37,000,000 ISSUE SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 29,600,000 ISSUE SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES AS WELL AS BUSINESS ASSOCIATES WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR COMPANY AND SUBSIDIARIES; (C) 61,689,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (D) 40,700,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY OF MALAYSIA ("MITI"); AND (II) OFFER FOR SALE OF 51,800,000 EXISTING SHARES ("OFFER SHARE(S)") BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MITI, AT AN IPO PRICE OF RM0.50 PER ISSUE SHARE / OFFER SHARE, PAYABLE IN FULL UPON APPLICATION

3. Northeast_Detailed Procedures for Application and Acceptance.pdf

2. Northeast_Prospectus (Part 2).pdf

1. Northeast_Prospectus (Part 1).pdf

Discussions
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mf

0325 - +
Timetable for IPO
26 Sep 2024, 11:01
Opening of application : 26/09/2024
Closing of application : 03/10/2024
Balloting of applications : 07/10/2024
Allotment of IPO shares to successful applicants : 14/10/2024
Tentative listing date : 15/10/2024
Remarks : Unless otherwise stated, the definitions used in this announcement
shall carry the same meaning as those defined in the Prospectus issued by
Northeast Group Berhad dated 26 September 2024.Applications will be accepted
from 10.00 a.m. on 26 September 2024 and will close at 5.00 p.m. on 3 October
2024.If there is any change to the timetable, we will advertise the notice of
changes in a widely circulated English and Bahasa Malaysia daily newspaper
within Malaysia and announce it on Bursa Securities' website accordingly.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
N202409262000081EN

1 day ago

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