KUALA LUMPUR: Bumi Armada Bhd is offering for sale of 644.26 million new shares under its listing exercise and which could see it raising RM2.029 billion.
According to its prospectus issued on Thursday, June 30, of the RM2.029 billion which it would raise, about RM775 million would be used to repay bank borrowings within six months while RM592 million would be for capital expenditure.
It added that RM562 million would be for working capital and the remaining RM100 million for estimated listing expenses.
The entire listing exercise would involve an offer for sale of 878.538 million shares of 20 sen each.
This would involve an offer for sale of up to 234.27 million existing shares of which there is an institutional offering of up to 234.277 million shares to approved Bumiputera investors at the institutional price to be determined by way of bookbuilding.
There will be a public issue of 644.261 million new shares, of which 564.40 million shares would be allocated to Malaysian and foreign institutional and selected investors, including approved Bumiputera investors at the institutional price.
The remaining 79.861 million shares (out of the 644.261 million new shares) will be offered to the public, the directors of Bumi Armada, and eligible employees at the retail price of RM3.15 per share.
It would be payable in full upon application and subject to a refund of the difference in the event that the final retail price is less than the retail price.
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According to its prospectus issued on Thursday, June 30, of the RM2.029 billion which it would raise, about RM775 million would be used to repay bank borrowings within six months while RM592 million would be for capital expenditure.
It added that RM562 million would be for working capital and the remaining RM100 million for estimated listing expenses.
The entire listing exercise would involve an offer for sale of 878.538 million shares of 20 sen each.
This would involve an offer for sale of up to 234.27 million existing shares of which there is an institutional offering of up to 234.277 million shares to approved Bumiputera investors at the institutional price to be determined by way of bookbuilding.
There will be a public issue of 644.261 million new shares, of which 564.40 million shares would be allocated to Malaysian and foreign institutional and selected investors, including approved Bumiputera investors at the institutional price.
The remaining 79.861 million shares (out of the 644.261 million new shares) will be offered to the public, the directors of Bumi Armada, and eligible employees at the retail price of RM3.15 per share.
It would be payable in full upon application and subject to a refund of the difference in the event that the final retail price is less than the retail price.
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