Indicate IPO Price: RM 3.00
Owned by: Ananda Krishnan (Malaysian's second-richest man)
Total fund raising: RM 4.55 billion
Total offered units: 1.52 billion shares
Investors
Bumiputra: 597.69 million shares (39%)
Other institutional and selected: 661.75 million shares (44%)
Retail: 259.865 million shares (17%)
Based on total retail offering, Malaysian public portion offering for bumi and non-bumi is just 51.973 million shares (i.e. 1%) each.
Dividend policy: >=75%
DY: 3% based on IPO price of RM 3.00
Among 22 cornerstones investors are:
- tycoon Chua Ma Yu,
- Kencana Capital Libra Investment Sdn Bhd,
- Great Eastern Life Assurance,
- Myriad Opportunities Masterfund,
- Nomura Asset Management,
- Antell Holdings Ltd,
- hedge-fund Azentus Global Opportunities Masterfund Ltd,
- Caprice Capital International Ltd,
- Cornstone Smith Asset Management,
- Gordel Capital,
- five units of Ochis-Ziff,
- TPG-Axon International,
- TPG Axon Partners and
- pension fund Universities Superannuation Scheme.
- Malaysian state-owned fund management firm Permodalan Nasional Bhd (the largest cornerstone investors)
Timetable for IPO
21-09-2012 Opening of application
01-10-2012 Closing of application
04-10-2012 Balloting of applications
17-10-2012 Allotment of IPO shares to successful applicants
19-10-2012 Tentative listing date
From Bursa: Astro prospectus
News on Astro:
http://www.theedgemalaysia.com/highlights/221008-music-tv-bar-islam-compliant-investors-from-malaysias-astro-ipo.html
Astro to raise RM4.6b from IPO
Astro listing reaffirms Malaysia as key investment
PNB invests big in Astro
Astro's indicative price of RM3 per share for retail portion
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