99 Speed Mart Aims To Raise RM660 Million From IPO, Largest By Market Cap Since 2017
99 Speed Mart Aims To Raise RM660 Million From IPO, Largest By Market Cap Since 2017
99 Speed Mart Retail Holdings Berhad launched its initial public offering prospectus in conjunction with the company's upcoming listing on the Main Market of Bursa Malaysia Securities Berhad.
99 Speed Mart Retail Holdings Berhad联合马来西亚交易所主板的上市，发布了其首次公开发行招股说明书。
Upon listing, the supermarket chain will be the largest IPO in Malaysia since 2017 by market capitalisation and IPO deal size where participants will include 14 cornerstone investors including Malaysian government-linked investment companies and asset managers, whose support covers 55% of the IPO deal size.
该超市连锁店将是马来西亚自2017年以来市值和招股规模最大的IPO，14家基石投资者将参与其中，包括马来西亚政府控股的投资公司和资产管理公司，他们的支持覆盖了55%的IPO交易规模。
The IPO exercise involves an offer for sale of 1,028.0 million existing ordinary shares and is expected to raise approximately RM660.0 million through the public issue of 400.0 million new ordinary shares at RM1.65 each per share. 99 Holdings has earmarked more than half of its public issue, or 58.9% of the proceeds for the expansion of its network of outlets and 15.2% for the establishment of new distribution centres. 8.3% and 7.2% have been budgeted for purchasing delivery trucks and upgrading existing outlets respectively. Another 6.8% has been allocated for the repayment of bank borrowings, while the remaining proceeds shall be utilised for expenses related to the listing.
此次IPO涉及10,280万股既有普通股的出售，预计将通过以每股1.65令吉的价格公开发行4,000万股新普通股，筹集大约6,600万令吉。99 Holdings已将超过一半的公开发行（即58.9%）用于扩大其门店网络，15.2%用于建立新的分销中心。预算的8.3%和7.2%分别用于购买送货卡车和升级现有门店。另有6.8%分配给偿还银行借款，而其余的收益将用于上市相关费用。
Based on the enlarged issued share capital of 8,400.0 million shares and IPO price of RM1.65 per share, the expected market capitalisation is RM13.9 billion, anticipated to be Malaysia's largest IPO since 2017. The company said it has a dividend policy which targets a dividend payout ratio of approximately 50.0% of its profit after taxation attributable to its shareholders.
根据扩大后的发行股本8400万股和每股1.65令吉的IPO价格，预计市值为139亿令吉，预计将成为马来西亚自2017年以来最大的IPO。该公司称其有一个股息政策，目标是将股息支付比率定在约50.0％。
CIMB Investment Bank Berhad is the Principal Adviser, Sole Bookrunner, Sole Managing Underwriter, and Joint Underwriter for this IPO exercise, while Affin Hwang Investment Bank Berhad and RHB Investment Bank Berhad are the other Joint Underwriters for this IPO exercise.
CIMb投资银行是此次IPO的主要顾问，唯一承销商，唯一管理承销商，并与Affin Hwang投资银行和RHb投资银行一起担任联合承销商。
The public issue portion of the IPO will be made available for subscription from today and application will close at 5.00p.m. on 23 August, 2024.
公开发行部分的IPO将于今天开始接受认购，申请将于2024年8月23日下午5点结束。