Analyst Research Report Snapshot

Title:

Company Update – Berjaya Sport TOTO (ADD, downgrade) - Clearing all regulatory hurdle, kick off bookbuilding

Price:

$46.00

Provider:

Affin Investment Bank

Date:

28 Oct 2012

Pages:

5

Type:

AcrobatPDF

Companies referenced:

BSTB.KL

Available for Immediate Download
Summary:

Clearing all regulatory hurdles, kick off bookbuilding A two-month delay as Singapore regulators assessed regulatory risks Sports Toto Malaysia (STM) Trust is slated for a listing on the Singapore Stock Exchange in January 2013. There appears to be a two months delay in the listing of STM Trust (which was initially earmarked for a November 2012 listing) as the Singapore regulators assessed the regulatory risk prevalent to Malaysia’s number forecast operators (NFOs). That said, SGX gave a pre-clearance ‘goahead’ last month and the Group will now proceed with the actual submission for a listing of STM Trust on SGX. A circular will also be submitted to Bursa Malaysia and an EGM to be called by end-November 2012. STM Trust’s prospectus could be launched on SGX by early November 2012 and thereafter, appointed bankers can begin the bookbuilding process.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.