Tuesday, 6 November 2012

HIAP HUAT IPO

Hiap Huat’s principal activity is in the niche business of collecting, recycling, re-refi ning and producing recycled products. The group stores, treats and recycles waste collected from industrial and commercial establishments before formulating them into end products which are ready to be used by end consumers. Its recycled end products derived mainly from its recycling and recovery process are sold under their own “AF1”, “Top Up”, “Nekko”, “Cap Rumah” and “Flag” brand brand names.

IPO Price RM 0.20 with PAR RM 0.10
To be listed on ACE Market

Timetable
05-11-2012  Opening of application
12-11-2012  Closing of application
16-11-2012  Balloting of applications
19-11-2012  Ballot result
26-11-2012  Listing date

Total units offer: 85,000,000 (25.5%)
Public units: 5,000,000 (1.5%)
Private placement: 80,000,000 (24%)
Total offer for sale: 50,000,000 (15%)

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