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Wednesday 29 August 2012

Pasukhas IPO debut on ACE market


First time I saw IPO debut on first day with query UMA after hit limit up 400% from IPO price of RM 0.12.  Opening price of RM 0.27 with 125% gain while closing price at RM 0.605 with 404.17% gain.  This IPO succeed perform on the first day.  Those successfully got from the IPO definitely gain a lot.


(吉隆坡29日讯)创合集团(PASUKGB,0177,创业板贸服组)首日上市开盘溢价15仙或125%,至27仙,首宗成交量347万股。
涨停板
该股每股发售价12仙,今日以27仙开盘,股价飆涨404%,写下马股多年来罕见的首日上市涨停板记录。
该股闭市掛60.5仙,溢价404%或48.5仙,全日共6千705万9千800股易手,为全场最热门股。
公司集团董事经理郑国强在上市仪式后表示,对该股开盘溢价感到惊喜和开心。
他表示,上市间接提昇公司在业界的声誉,特別是海外市场,放眼未来3至5年內,海外市场营业额贡献增至30%。
“除了积极在海湾阿拉伯国家合作委员会(GCC)和印尼投资及爭取工程合约,接下来几年,亦计划探討进军具有发展潜力的新兴国家,如中南半岛。"
今年內卡达塔尔设办事处
另外,他透露今年內將在卡塔尔设立办事处,希望年杪可取得当地机械及电气工程(M&E)执照,直接竞標政府工程。
目前,该公司正竞標多项总值1亿令吉的工程,他坦言有信心可获取至少10%的成功率。
截至6月30日止,该公司第二季营业额93%贡献来自本地市场,海外市场只佔7%,其中6%来自印尼,1%来自海湾国家,该公司手持6千800万令吉订单,可忙碌1年半。(星洲日报/財经)


Pasukhas Group Bhd continued with its successful debut performance today on the ACE Market of Bursa Malaysia
Securities with strong support from institutional and retail investors for its initial public offering (IPO).

As at 4.06 pm, the mechanical and electrical engineering services
provider's shares rose 43.5 sen or 362.5 per cent to 55.5 sen, after opening at 27 sen this morning, which represented a premium of 15 sen or 125 per cent higher than its offer price of 12 sen.

The shares made available for public subscription under its IPO received overwhelming response from the Malaysian public, Pasukhas said in a statement today.

"The public portion of its shares were oversubscribed by 74.04 times and its shares made available for placement to identified investors have also been fully placed out," it said.

Its Chairman and Managing Director, A. K. Teng said today’s listing marked a significant milestone in Pasukhas' corporate history and a new beginning of its growth journey towards a higher level.

"We will continue to leverage on our core competencies, competitive edge, and our established track record whilst pursuing growth opportunities within the water treatment and sewerage industry, oil palm industry, sugar industry, and general manufacturing sector," he said.

He said Pasukhas also planned to expand its client base by entering into new geographical markets where there are significant growth in the M&E engineering industry such as the Gulf Cooperation Council countries, Southeast Asia and South Asia.

"Our current order book stands at RM67.9 million and we will be constantly bidding for sizable local and overseas projects.

"We believe that our track record and growth potential have put us in a great position in the market and the investors can therefore tap into this growth and realise the fruits in time to come," he added. -- Bernama


Read more: Pasukhas continues successful debut on ACE http://www.btimes.com.my/Current_News/BTIMES/articles/20120829170547/Article/index_html#ixzz24wT16rZE

http://www.theedgemalaysia.com/highlights/219390-pasukhas-debuts-with-404-rise-but-gets-bursa-uma-query.html

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