Listing Detail:
Listing Sought: Ace Market
Issue Price: RM 0.36
Dates:
Offer Period Open: 31 Mar 2017
Offer Period Close: 10 Apr 2017
Tentative listing date: 21 Apr 2017
Number of shares:
Public Issue: 48,000,000
Offer for Sale: 30,000,000
Private Placement: 54,000,000
Stock Code: ESAFE
Official Announcement
INITIAL PUBLIC OFFERING OF UP TO 78,000,000 ORDINARY SHARES IN EVERSAFE RUBBER BERHAD ("EVERSAFE RUBBER") ("SHARES") COMPRISING:-(A) PUBLIC ISSUE OF 48,000,000 NEW SHARES ("ISSUE SHARES") COMPRISING:-
(I) 12,500,000 ISSUE SHARES TO THE MALAYSIAN PUBLIC;
(II) 11,500,000 ISSUE SHARES TO THE DIRECTORS OF EVERSAFE RUBBER,
ELIGIBLE EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF
EVERSAFE RUBBER AND ITS SUBSIDIARIES;
(III) 24,000,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS; AND
(B) OFFER FOR SALE OF UP TO 30,000,000 EXISTING SHARES ("OFFER SHARES") COMPRISING:-
(I) UP TO 6,000,000 OFFER SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS;
(II) UP TO 24,000,000 OFFER SHARES BY WAY OF PLACEMENT TO BUMIPUTERA
INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY
OF MALAYSIA;
AT AN ISSUE / OFFER PRICE OF RM0.36 PER SHARE PAYABLE IN FULL ON
APPLICATION PURSUANT TO THE LISTING OF EVERSAFE RUBBER ON THE ACE MARKET
OF BURSA MALAYSIA SECURITIES BERHAD.Company Overview
Eversafe Rubber Berhad, an investment holding company, develops,
manufactures, and distributes tire retreading materials to tire
retreaders and rubber material traders in Malaysia. The company offers
precured tread liners, cushion gums, repair ropes, camelbacks, sidewall
veneers, and orbit read strips, as well as retreading tools. It is also
involved in tire retreading operations and provision of products and
services to fleet operators and tire retailers.
In addition, Eversafe Rubber Berhad imports, exports, and distributes
rubber-based products, equipment, and related accessories. The company
exports its products to 28 countries in Asia Pacific, Europe, the United
States, and South America. Eversafe Rubber Berhad was founded in 1967
and is headquartered in Ipoh, Malaysia.
Address & Contact:
Lot 93, Portland Avenue, Tasek Industrial Estate,31400 Ipoh, Perak, Malaysia
Phone: +605 291 0599 / 7535
Fax: +605 291 1699 / 0679
Website: http://www.eversafe.com.my/
News: Eversafe Rubber to raise RM17m from IPO
KUALA LUMPUR: Eversafe Rubber Bhd plans to raise RM17.28mil as it seeks to listing on the ACE Market of Bursa Malaysia Securities.The rubber products maker said in its prospectus on Friday it would be selling 48 million news shares at 36 sen each.
This would comprise of 12.50 million new shares to public; 11.50 million shares to the directors while 24 million shares would be placed out to institutional and selected investors.
The shareholders of Eversafe Rubber would also offer for sale up to 30 million exisiting shares, of which six million units would be placed out to institutional and selected investors and up to 24 million shares to be approved Bumiputera investors.
The close date for application is April 10 while the tentative date for its listing is April 21.
Eversafe Rubber's core businesses include manufacturing and ditribution of tyre retreading materials.
It posted earnings of RM566,143 in the fourth quarter ended Dec 31, 2016 on the back of a revenue of RM19.67mil.
In the financial year ended Dec 31, 2016, it posted earnings of RM8.01mil, an increase of 38% from the RM5.80mil in FY15. Its revenue was slightly lower at RM74.74mil in FY16 compared with RM74.78mil.
-- The Star
