Analyst Research Report Snapshot

Title:

Flash Note – UMW (REDUCE, maintain) - Listing of UMW O&G by 3Q13

Price:

$23.00

Provider:

Affin Investment Bank

Date:

16 May 2013

Pages:

3

Type:

AcrobatPDF

Companies referenced:

UMWS.KL

Available for Immediate Download
Summary:

Bursa Malaysia announcement The Group announced that it would list its wholly-owned UMW-OG on the Main Market of Bursa Securities by 3Q2013. The initial public offering involves UMW-OG offering up to 39% of its enlarged share base as follows: (1) An offer for sale by UMW of up to 231.4m shares (or 10.7% of enlarged share base); and (2) New shares to be offered to the public by UMW-OG of up to 611.8m shares (or 28.3% of enlarged share base). As part of the listing exercise, UMW shareholder’s will be guaranteed a minimum allocation of up to 5% of UMW-OG’s shares on offer (or 108.1m shares) – see Fig 1 overleaf.

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