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发表于 1-12-2007 05:26 PM
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Underwriting of Securities under Rights Issues [to replace paragraph 12.04(4) of
Chapter 12]
5. Underwriting arrangements must be in place before the offering of securities is made to existing shareholders, other than those securities for which certain shareholders have given written irrevocable undertakings to subscribe. Underwriting and/or undertakings to subscribe by the shareholders are allowed to be arranged on a minimum level of subscription basis.
6. The minimum level of subscription should be determined by the issuer. An example of a factor to determine the minimum level of subscription is the funding objectives of the issuer.
7. The following conditions are applicable in the event certain shareholders wish to irrevocably undertake to subscribe to the securities offered under the rights issue:-
(a) The shareholders must confirm to the SC that they have sufficient resources to take up the securities. The confirmation must be verified by an acceptable independent party, preferably the corporate adviser making the application to the SC for the rights issue;
(b) The shareholders must observe and comply with the Malaysian Code on Take-Over and Mergers 1998, if applicable; and
(c) The issuer must ensure that at least 25% of its issued and paid-up capital is in the hands of the required minimum number of public shareholders after the rights issue.
8. The minimum level of subscription must be disclosed in the submission to the SC, circular to shareholders and in the prospectus issued in conjunction with the rights issue, together with the basis for determining the minimum level of subscription.
9. Where underwriting is arranged for the securities offered under the rights issue, the corporate adviser making the rights issue application to the SC must be part of the syndicate of underwriters. The full list of underwriters, together with their respective commitments, must be submitted by the corporate adviser to the SC for its records, and, should there be any subsequent changes, the SC should be informed immediately.
[ 本帖最后由 mjchua 于 1-12-2007 05:29 PM 编辑 ] |
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发表于 1-12-2007 05:33 PM
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原帖由 mjchua 于 1-12-2007 05:26 PM 发表
The full list of underwriters, together with their respectivecommitments, must be submitted by the corporate adviser to the SC forits records, and, should there be any subsequent changes, the SC shouldbe informed immediately.
可以由任何人來吃下?
[ 本帖最后由 mjchua 于 1-12-2007 05:37 PM 编辑 ] |
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发表于 1-12-2007 05:37 PM
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回复 #309 mjchua 的帖子
请给我这文章的连接,谢谢。
Supermax现在的财务情况并不允许她吃掉其它没被认购的附加股,所以应该会找underwriter。要注意的是underwriter拿到的价钱低过附加股的价钱。所以如果最后underwriter被迫吃下大量附加股,她可以以低过附加股的价钱抛售股票 (她还是赚钱的)。 |
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发表于 1-12-2007 05:39 PM
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原帖由 Mr.Business 于 1-12-2007 05:37 PM 发表
请给我这文章的连接,谢谢。
Supermax现在的财务情况并不允许她吃掉其它没被认购的附加股,所以应该会找underwriter。要注意的是underwriter拿到的价钱低过附加股的价钱。所以如果最后underwriter被迫吃下大 ...
underwriter 不一定是 investment bank... 可以是任何人 |
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发表于 1-12-2007 05:40 PM
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原帖由 Mr.Business 于 1-12-2007 05:37 PM 发表
请给我这文章的连接,谢谢。
Supermax现在的财务情况并不允许她吃掉其它没被认购的附加股,所以应该会找underwriter。要注意的是underwriter拿到的价钱低过附加股的价钱。所以如果最后underwriter被迫吃下大 ...
Guidelines on Underwriting.doc |
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发表于 1-12-2007 05:42 PM
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原帖由 mjchua 于 1-12-2007 05:33 PM 发表
可以由任何人來吃下?
通常是投资银行吧 (实力要雄厚)。
"Where underwriting is arranged for the securities offered under the rights issue, the corporate adviser making the rights issue application to the SC must be part of the syndicate of underwriters.", 所以我讲RHB INVESTMENT BANK BERHAD会是underwriter (或是underwriter之一)。 |
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发表于 1-12-2007 05:45 PM
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underwriter应该就是承包商了,他们是负责将股票批出去,如果批不出就由承包商自己买到完。这就是为什么价格还没有定的原因。因为你必需找到愿意为你批的承包商,承包商通常就是investment bank或是sceurity firm 或 etc等等。
这就是为什么公司上市需要用到钱,需要merchant bank等等原因。当然如果承包商能批完股票出去他们就能赚很多钱。所以通常价格是又承包商定的。
lcl找到cimb是他们的福气,因为private placement的价格非常高。承包商通常会看行情来定价格,因为市场好的时候比较容易找客户买股票。他们的客户可以是投资机构,有钱人等等。到最后的才会分给散户。 |
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发表于 1-12-2007 05:47 PM
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发表于 1-12-2007 05:50 PM
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发表于 1-12-2007 05:51 PM
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发表于 1-12-2007 05:51 PM
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发表于 1-12-2007 05:52 PM
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发表于 1-12-2007 05:55 PM
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发表于 1-12-2007 05:56 PM
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回复 #319 mjchua 的帖子
现在持有APLI股份的都是小股东 (除了Supermax),小股东最怕就是公司被除牌,我什么都不做,等APLI被除牌,你觉得APLI的股价会到哪里?
除牌之后,APLI不被SC和Bursa管了,我再要求发出附加股,慢慢夹死那些小股东,最后APLI还不是属于我的? |
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发表于 1-12-2007 05:57 PM
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原帖由 Mr.Business 于 1-12-2007 05:56 PM 发表
现在持有APLI股份的都是小股东 (除了Supermax),小股东最怕就是公司被除牌,我什么都不做,等APLI被除牌,你觉得APLI的股价会到哪里?
除牌之后,APLI不被SC和Bursa管了,我再要求发出附加股,慢慢夹死那些小 ...
Megan 停牌也有 RM0.04 再低也不會低到哪裡去
很接近了... 快要到可以出手的時候了... 哈哈 |
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发表于 1-12-2007 06:03 PM
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回复 #323 mjchua 的帖子
APLI的小股东应该在进PN17的消息爆发之后立刻卖出。。。
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发表于 1-12-2007 06:03 PM
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回复 #322 Mr.Business 的帖子
拿apli空壳来有什么用??附加股可以在小股东身上再挤压钱出来给我用,这才是上市的真正目的啊。
我要的是钱,又不是空壳公司。。。。。。。
这才叫四两拨千金,用最少的钱得到最大的钱,还得到了控制权啊。。。。。。 |
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发表于 1-12-2007 06:05 PM
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发表于 1-12-2007 06:07 PM
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回复 #326 Mr.Business 的帖子
supermax管理层虽然能力很强,但是心术不正,小股东应当小心。。。。。。。。 |
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发表于 1-12-2007 06:10 PM
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