Johor Plantation Group Berhad: 5323
$JPG (5323.BMS)$ is now open for subsription! $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$
Johor Plantations Group Berhad IPO Summary
Indicative Timetable
- Opening of the Institutional Offering: 12 June 2024
- Issuance of the Prospectus/Opening of the Retail Offering: 10:00 a.m., 12 June 2024
- Closing of the Retail Offering: 5:00 p.m., 24 June 2024
- Closing of the Institutional Offering: 24 June 2024
- Price Determination Date: 24 June 2024
- Balloting of Applications for IPO Shares under the Retail Offering: 27 June 2024
- Allotment/Transfer of IPO Shares to Successful Applicants: 4 July 2024
- Listing: 9 July 2024
Note:
- The Institutional Offering excludes the offering to Cornerstone Investors.
- Changes to the timetable, if any, will be announced in widely circulated newspapers in Malaysia and on the Bursa Malaysia website.
Indicative Timetable
- Opening of the Institutional Offering: 12 June 2024
- Issuance of the Prospectus/Opening of the Retail Offering: 10:00 a.m., 12 June 2024
- Closing of the Retail Offering: 5:00 p.m., 24 June 2024
- Closing of the Institutional Offering: 24 June 2024
- Price Determination Date: 24 June 2024
- Balloting of Applications for IPO Shares under the Retail Offering: 27 June 2024
- Allotment/Transfer of IPO Shares to Successful Applicants: 4 July 2024
- Listing: 9 July 2024
Note:
- The Institutional Offering excludes the offering to Cornerstone Investors.
- Changes to the timetable, if any, will be announced in widely circulated newspapers in Malaysia and on the Bursa Malaysia website.
IPO Details
- Company: Johor Plantations Group Berhad (formerly known as Johor Plantations Berhad)
- Market: Main Market of Bursa Malaysia Securities Berhad
- Shares Offered: Up to 875,000,000 ordinary shares
Breakdown:
- Offer for Sale: Up to 411,000,000 existing ordinary shares
- Public Issue: 464,000,000 new ordinary shares
Offerings:
- Institutional Offering: Up to 797,500,000 shares for Malaysian and foreign institutional and selected investors, including approved Bumiputera investors. Price to be determined by bookbuilding.
- Retail Offering: 77,500,000 shares at RM0.84 per share to eligible directors, employees, contributors, and the Malaysian public. The retail price is subject to refund if the final retail price is lower.
Price Adjustment: The final retail price will be the lower of the retail price and the institutional price, subject to clawback and reallocation provisions.
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