Thursday, June 30, 2011

BUMI ARMADA IPO vs Hibiscus Petroleum IPO




BUMI ARMADA IPO

Bumi Armada Bhd, Malaysia’s largest supplier of vessels for the oil and gas industry, said it secured cornerstone investors for its initial public offering in Kuala Lumpur.
Institutional investors Great Eastern Life Assurance (Malaysia) Bhd, Permodalan Nasional Bhd, HwangDBS Investment Management Bhd and Prudential Fund Management Bhd will own a combined 10.2 per cent of the company’s shares, Bumi Armada said in a statement in Kuala Lumpur today.

Offshore oil and gas services provider, Bumi Armada Bhd, which aims to raise RM2.029 billion from its initial public offering (IPO), has an order book of RM5.8 billion as at June 1, 2011. 

source: Business Times


Hibiscus Petroleum IPO

Hibiscus Petroleum Bhd will utilise its initial public offering (IPO) proceeds of between RM150 million and RM300 million to acquire stakes in one to three oil and gas exploration and production (E&P) companies.

"We intend to only venture into E&P opportunities, from low to moderate risk onshore opportunities and low risk shallow water offshore opportunities that have high upside potential," said Managing Director Dr Kenneth Pereira after launching the company's IPO prospectus here today.

Hibiscus Petroleum, the first special purpose acquisition company (SPAC) to be listed on Bursa Malaysia, is scheduled for listing on the Main Market on July 25. 

Source : Business Times


my comment:

already splash cash on old town ipo....need to withdraw money from SP SETIA..hahaha..

BUMI ARMADA, here i come....



BUMI ARMADA IPO Results

PUBLIC ALLOTMENT


BUMIPUTERA ALLOTMENT



Hibiscus Petroleum IPO balloting results

BUMI ALLOTMENT


PUBLIC ALLOTMENT





p/s : how to apply IPO via online? n wanna know recent IPO performance? click HERE



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