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Saturday, June 30, 2012

OCK Group Bhd IPO

OCK IPO Share Price RM0.36
Opening of application  29/06/2012

Closing of application   06/07/2012

Balloting of applications   10/07/2012

Allotment of IPO shares to successful applicants  13/07/2012

Tentative listing date 17/07/2012
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PUBLIC ISSUE OF 75,000,000 NEW ORDINARY SHARES OF RM0.10 EACH ("OCK SHARES") AT AN ISSUE PRICE OF RM0.36 PER ORDINARY SHARE PAYABLE IN FULL UPON APPLICATION COMPRISING :

- 7,000,000 NEW OCK SHARES MADE AVAILABLE FOR APPLICATION BY THE PUBLIC

- 9,500,000 NEW OCK SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND

- 58,500,000 NEW OCK SHARES MADE AVAILABLE FOR PLACEMENT TO SELECTED INVESTORS

IN CONJUNCTION WITH THE LISTING OF OCK GROUP BERHAD ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD


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Established in 2000, OCK Group is principally involved in the provision of telecommunications network services. We are able to provide full turnkey services in that respect. Our product/service offering comprehensively covers services from all 6 segments of the telecommunications network services market: network planning, design and optimization, network deployment, network operations and maintenance, energy management, infrastructure management, and other professional services.
Source: OCK

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OCK Stock code 0172.

OCK Stock name OCK.

ISIN code MYQ0172OO005


Enlarged issued and paid up share capital in the following Units
259,000,000

Sector TRADING/SERVICES
Ace Market


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29/06/2012
KUALA LUMPUR: Telecommunications service provider OCK Group Bhd, which is enroute for listing on the ACE market of Bursa Malaysia
Securities, hopes to raise RM27 million through the exercise.
Managing Director Sam Ooi said the proceeds will be utilised mainly for capital and operating expenditure.

"Of the proceeds, 72 per cent will be equally divided for capital and operating expenditure, with 20 per cent will be allocated for working capital.

"The remaining eight per cent is for the listing exercise fee.



"It is our aspiration to upgrade the company from the Ace market to the Main Board, but it depends entirely on performance and sustainability," he told reporters after OCK's prospectus launch, here today.

Ooi said the company, the biggest telecommunications network service provider in Malaysia in terms of revenue, is scheduled to be listed on July 17.

He said the listing would serve as a platform to expand the company to exploit its potential and move its stature in the industry to the next level.

"It also allows OCK to raise capacity and capability to tender for bigger projects, create a stronger company profile and have easier access to the capital market when required.

"Late last year, we secured the Network Facilities Provider licence from the Malaysia Communications and Multimedia Commission. This enables us to build, own and rent our telco towers," he added.

He said moving forward, OCK has laid out plans to venture into the emerging markets, which have strong potential growth in network deployment such as the Phillippines, Thailand, Cambodia, Myanmar and Indonesia.

The company's current order book stands at RM67 million, with about 60 to 70 per cent from the network service deployment business segment. -- BERNAMA

Source: Business Times


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OCK sounds like OSK.


For more information on OCK, here.
http://politemarket.blogspot.com/search/label/OCK


For more information on recent IPO, here
http://politemarket.blogspot.com/search/label/IPO


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