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聯合馬來西亞交易所主板的上市，發佈了其首次公開發行招股說明書。
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.
該超市連鎖店將是馬來西亞自2017年以來市值和招股規模最大的IPO，14家基石投資者將參與其中，包括馬來西亞政府控股的投資公司和資產管理公司，他們的支持覆蓋了55%的IPO交易規模。
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10,280萬股既有普通股的出售，預計將通過以每股1.65令吉的價格公開發行4,000萬股新普通股，籌集大約6,600萬令吉。99 Holdings已將超過一半的公開發行（即58.9%）用於擴大其門店網絡，15.2%用於建立新的分銷中心。預算的8.3%和7.2%分別用於購買送貨卡車和升級現有門店。另有6.8%分配給償還銀行借款，而其餘的收益將用於上市相關費用。
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.
根據擴大後的發行股本8400萬股和每股1.65令吉的IPO價格，預計市值爲139億令吉，預計將成爲馬來西亞自2017年以來最大的IPO。該公司稱其有一個股息政策，目標是將股息支付比率定在約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投資銀行是此次IPO的主要顧問，唯一承銷商，唯一管理承銷商，並與Affin Hwang投資銀行和RHb投資銀行一起擔任聯合承銷商。
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.
公開發行部分的IPO將於今天開始接受認購，申請將於2024年8月23日下午5點結束。