MUAR BAN LEE GROUP BERHAD
INITIAL PUBLIC OFFERING OF 28,000,000 ORDINARY SHARES INCLUDING OFFER FOR SALE OF 7,000,000 ORDINARY SHARES OF RM0.50 EACH AT AN ISSUE/OFFER PRICE OF RM0.65 PER ORDINARY SHARE PAYABLE IN FULL UPON APPLICATION IN CONJUNCTION WITH THE LISTING ON THE MAIN BOARD OF BURSA MALAYSIA SECURITIES BERHAD
MIDF Consultancy and Corporate Services Sdn Bhd (MIDFCCS) wishes to announce that the Public Issue / Offer for Sale shares of Muar Ban Lee Group Berhad (MBL) made available for public subscription has been oversubscribed.
The Public Issue and Offer for Sale exercise comprises: -
I) Public Issue of 21,000,000 New Ordinary Shares of RM0.50 each comprising:-
• 2,000,000 new Ordinary Shares of RM0.50 each available for application by the Malaysian Public;
• 2,700,000 new Ordinary Shares of RM0.50 each available for application by our eligible directors, employees and business associates;
• 7,340,000 new Ordinary Shares of RM0.50 each by way of private placement to identified investors; and
• 8,960,000 new Ordinary Shares of RM0.50 each available by way of placement to bumiputera investors approved by the Ministry of International Trade and Industry.
II) Offer for Sale of 7,000,000 ordinary shares of RM0.50 each by way of placement to Bumiputera investors approved by the Ministry of International Trade and Industry.
For the 2,000,000 shares made available for public subscription, a total of 4,691 applications for 72,801,900 shares with a value of RM47,321,235.00 were received from the Malaysian public. This represents an overall over-subscription rate of 35.40 times. For the Bumiputera portion, a total of 1,163 applications for 15,364,100 shares were received which represents an over-subscription rate of 14.36 times.
Due to over subscription of the Public Issue share, 4,000,000 Public Issue shares from the 7,340,000 Public Issue shares made available to identified investors had been offered to the Malaysian public.
Notices of Allotment will be dispatched by post to all successful applicants on or before October 27, 2009.
The Adviser, Sole Underwriter and Sole Placement Agent is Maybank Investment Bank Berhad.
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| • Muar Ban Lee Group Berhad Basis Of Allotment for Bumi |  |
| • Muar Ban Lee Group Berhad Basis Of Allotment for Public | |
