KUALA LUMPUR: Integrated plastic stationery company China Stationery Ltd, which is en route for listing on Bursa Malaysia this year, has appointed M&A Securities Sdn Bhd its underwriter, adviser and placement agent.
Under the IPO exercise, China Stationery will issue 90 million new shares, of which 60 million will be made available to the public via balloting while the remaining 30 million shares are earmarked for private placement, it said in a statement yesterday.
As part of the exercise, China Stationery will offer for sale 133 million shares to selected investors via private placement. China Stationery is en route for listing on the Main Market by the first quarter of 2012.
Based in Fujian, the company designs and manufactures plastic stationery products such as files, compact disc holder files, business card holders, albums and customised adhesive tape labels.
For FY10 ended Dec 31, it recorded a net profit of RM189.07 million on revenue of RM669.88 million. As at May 2011, the group had net cash of RM543.21 million.
China Stationery has a dividend payout policy of not less than 20% from FY11 onwards. It also has a net margin of more than 30% over the last three years.
This article appeared in The Edge Financial Daily, January 19, 2012.
Under the IPO exercise, China Stationery will issue 90 million new shares, of which 60 million will be made available to the public via balloting while the remaining 30 million shares are earmarked for private placement, it said in a statement yesterday.
As part of the exercise, China Stationery will offer for sale 133 million shares to selected investors via private placement. China Stationery is en route for listing on the Main Market by the first quarter of 2012.
Based in Fujian, the company designs and manufactures plastic stationery products such as files, compact disc holder files, business card holders, albums and customised adhesive tape labels.
For FY10 ended Dec 31, it recorded a net profit of RM189.07 million on revenue of RM669.88 million. As at May 2011, the group had net cash of RM543.21 million.
China Stationery has a dividend payout policy of not less than 20% from FY11 onwards. It also has a net margin of more than 30% over the last three years.
This article appeared in The Edge Financial Daily, January 19, 2012.
