COMPLETE LOGISTIC SERVICES BERHAD
PUBLIC ISSUE OF 12,000,000 NEW ORDINARY SHARES OF RM0.50 EACH AND OFFER FOR SALE OF 30,668,000 ORDINARY SHARES OF RM0.50 EACH AT AN ISSUE/OFFER PRICE OF RM1.00 PER SHARE PAYABLE IN FULL ON APPLICATION
Kuala Lumpur, 22 August 2007 – MIDF Consultancy and Corporate Services Sendirian Berhad (MIDFCCS) wishes to announce that the Public Issue / Offer for Sale shares for Complete Logistic Services Berhad (CLSB) made available for public subscription has been oversubscribed.
The Public Issue / Offer for Sale exercise comprises the following:
• 3,000,000 New Ordinary shares of RM0.50 each by way of private placement to the identified investors;
• 3,000,000 New Ordinary shares of RM0.50 each available for application by the eligible directors and employees of CLSB and persons who have contributed to the success of CLSB group;
• 6,000,000 New Ordinary shares of RM0.50 each available for application by the Malaysian Public; and
• 30,668,000 Ordinary shares of RM0.50 each by way of private placement to Bumiputera investors approved by the MITI.
For the 6,000,000 shares made available for public subscription, a total of 17,292 applications for 105,112,500 shares with a value of RM105,112,500 were received from the Malaysian public. This represents an overall over-subscription rate of 16.52 times. For the Bumiputra portion, a total of 8,031 applications for 26,032,000 shares were received which represents an over-subscription rate of 13.46 times.
The 30,668,000 Ordinary shares made available for application by Bumiputera investors approved by MITI and 3,000,000 Ordinary shares to identified investors have been fully placed out.
Notices of Allotment will be dispatched by post to all successful applicants on or before August 29, 2007.
The Adviser, Managing Underwriter and Placement Agent for this initial public offering is MIMB Investment Bank Berhad formerly known as Malaysia International Merchant Bankers Berhad.
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