Our very own Bursa Malaysia welcomes the 7th China-national company to be listed on our Main Board. This listing - will be the largest of the seven, and its called China Stationery Limited, with a market capitalization of about RM1.1bil.
China Stationery Limited, with over 20 years in its portfolio is an experienced OEM manufacturer specializing in lever arch file, custom binder, sticky notes, memo pad, commercial printing and other office stationery products. They are amongst the most competitive market providers around.
For the listing on Bursa - China Stationery will be issuing about 94 million new shares of which 33.6 million shares will be made available to the Malaysian public via balloting, with the remaining 60.4 million shares for private placement. It will also make a restricted offer for sale of a minimum of 47.8 million shares and up to 54.65 million shares by way of private placement. It is doing pretty well financially, with a 30% net margin of RM 168million on the back of RM556 million turnover. The company also states that it has a dividend payout policy of not less than 20% based on its net profit distributable to its shareholders in respect of financial year ending Dec 31, 2011 onwards.
For the listing on Bursa - China Stationery will be issuing about 94 million new shares of which 33.6 million shares will be made available to the Malaysian public via balloting, with the remaining 60.4 million shares for private placement. It will also make a restricted offer for sale of a minimum of 47.8 million shares and up to 54.65 million shares by way of private placement. It is doing pretty well financially, with a 30% net margin of RM 168million on the back of RM556 million turnover. The company also states that it has a dividend payout policy of not less than 20% based on its net profit distributable to its shareholders in respect of financial year ending Dec 31, 2011 onwards.
Sounds like a pretty good deal isnt it? One thing to note though... the other 6 China companies listed on Bursa? Not all of them are doing well, in fact, just SOZO is trading above its IPO price.
- Xingquan International Sports Ltd - RM 1.22 (IPO RM1.71)
- Multi Sports Holdings Ltd - RM 0.535 (IPO RM 0.85)
- XiDeLang Holdings Ltd - RM 0.435 (IPO RM 0.58)
- China Ouhua Winery Holdings Ltd - RM 0.545 (IPO RM 0.60)
- Sozo Global Ltd - RM 0.83 (IPO RM 0.80)
- Maxwell International Holdings Bhd - RM 0.51 (IPO RM 0.54)
Lets take a look at how our Bursa is doing today... =P
Looks like slightly in the red today...
Have a look also at the surrounding markets...
Looks like Hong Kong's Hang Seng is the only one thats up today.. =P
Anyways, have a good weekend!!! =P
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