MIKROMB
Mikro Msc Berhad
Company Background
Mikro MSC to Diversify into Signage and Interior Fit-Out Business via RM30 mil Acquisition
Electrical equipment supplier Mikro MSC Bhd (KL:MIKROMB) said it plans to diversify into the signage and interior fit-out business through the acquisition of Singapore company TES Productions & Projects Pte Ltd for RM30 million.
In a bourse filing on Wednesday, Mikro MSC said the purchase will be satisfied via the issuance of 134.83 million new shares in Mikro MSC at 22.25 sen per share, representing a 12.6% dilution in the group's current share base of 1.07 billion shares.
The vendor of the 100% stake in TES is Calida Group Pte Ltd, whose sole shareholder and director is Lim Seng Gee.
TES is principally involved in the manufacturing of signs and advertising displays and providing general contractor services for interior fit-out.
Mikro MSC said the purchase price implies a price-to-earnings multiple of 12.24 times based on the audited profit after tax (PAT) of S$730,000 (RM2.45 million) for the financial year ended Dec 31, 2023 (FY2023).
The group said the vendor has provided a two-year profit guarantee that TES's audited PAT for the FY2024 and FY2025 will not be less than S$800,000 and S$890,000.
“In the event that TES does not achieve these guaranteed profit sums due to any reason Calida shall pay to TES in cash within 14 calendar days after the delivery of the audited financial statements of TES for each relevant financial year,” it added.
Barring any unforeseen circumstances and subject to all relevant approvals being obtained, the purchase is expected to be completed by the fourth quarter of FY2024.
Mikro MSC said its diversification into the signage and interior fit-out businesses is expected to contribute more than 25% to its net profit and may result in a diversion of more than 25% of its net assets to the new businesses.
At Wednesday’s closing, shares in Mikro MSC closed unchanged at 23 sen, valuing the group at RM246.9 million.
$MIKROMB / 0112 (MIKRO MSC BERHAD)
https://cutt.ly/seRscv4U
$KLSE-EEHB $MIKROMB / 0112 (MIKRO MSC BERHAD)
How many more IPOs can we expect in the 2H 2024?
Well, so far, these are the up-coming recent ones that has just inked their underwriting agreements and their potential listing time frame:
1. Steel Hawk Bhd
- Leap market transfer to Ace market
- Transfer of listing is expected to be completed by the 3Q2024
- Underwriting agreement with UOB Kay Hian Securities (M) Sdn Bhd
- Oil and gas (O&G) support services provider
- Involved in the provision of onshore and offshore support services for the oil and gas industry with operations based in Kemaman, Terengganu and Miri, Sarawak.
- Future prospect/growth catalyst cited: Malaysia's O&G sector remain favourable due to elevated global oil prices, creating a positive outlook for local producers. Additionally, Petroliam Nasional Berhad's renewed focus on exploration and production activities suggests a period of potential expansion for the industry
https://cutt.ly/2ehVkWzQ
2. Elridge Energy Holdings Bhd
- Ace market
- Expected listing in Aug 2024
- Underwriting agreement with KAF
- Biomass fuel products manufacturer
- Future prospect/growth catalyst cited: To expand its production capacity. The company currently operates out of a Port Klang factory, which has a capacity of 720,000 tonnes per year, but has hit a utilisation rate of nearly 74% by end-2023
- Elridge, partly backed by listed electrical distribution equipment firm Mikro MSC Bhd ($MIKROMB / 0112 (MIKRO MSC BERHAD))
https://cutt.ly/YehVkW9o
3. Vetece Holdings Bhd
- Ace market
- Expected listing in 3Q 2024
- Underwriting agreement with Kenanga Investment Bank Bhd
- Enterprise information technology solutions provider
- Vetece’s client base primarily encompasses players in the telecommunications and financial services industries. Major clients include Telekom Malaysia Bhd, Telstra Corporation Ltd in Australia and leading banks in Malaysia.
- IPO proceeds will be mainly utilised to roll out new core products and services, strengthen Singapore operations, establish a Centre of Excellence (COE) for software solutions, facilitate the purchase and renewal of hardware and software licensing fees and repayment of loans
https://cutt.ly/MehVkRqy
4. Sik Cheong Bhd
- Ace market
- Expected listing in 3Q 2024
- Underwriting agreement with TA Securities Holdings Bhd
- Packaging, marketing and distribution of RBD palm olein oil products
- RBD palm olein oil products, mainly cooking oil, are sold under in-house brands “Sawit Emas” and “Vitamas”, alongside unbranded options.
-Their products cater to both commercial and household markets, with a wide customer base of over 500 customers per annum.
https://cutt.ly/6ehVkRWI
Curious if anyone is interested in applying for any of them, and why.
Quarterly rpt on consolidated results for the financial period ended 31/03/2024
$MIKROMB / 0112 (MIKRO MSC BERHAD)
CS ijau
Cs tutup di atas garis upper BB
Vol byk msk
Histogram atas garis nol
garis MacD di atas garis nol
StochRSI bersilang dan mlpsi 50
Quarterly rpt on consolidated results for the financial period ended 31/12/2023
OTHERSCONDITIONAL SHARE SALE AGREEMENT (SSA) IN BIO ENECO SDN BHD ("BESB") FOR SHARE SALE IN ELRIDGE ENERGY HOLDINGS BHD ("EEHB")
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR YEO HOCK CHEONG
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR YEO HOCK CHEONG
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Changes in Director's Interest (Section 219 of CA 2016) - MR MICHAEL AW MING HAN
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - CARTABAN NOMINEES (TEMPATAN) SDN BHD - RHB TRUSTEE BERHAD FOR KENANGA ISLAMIC ABSOLUTE RETURN FUND
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR YEO HOCK CHEONG
Change in Principal Officer - MR YOON KENG YAN
General Meetings: Outcome of Meeting
General Meetings: Notice of Meeting (Amended Announcement)
Quarterly rpt on consolidated results for the financial period ended 30/09/2023
Change in Audit Committee - ENCIK SYED MOHD HAFIZ BIN SYED MOHD
Change in Nomination Committee - ENCIK SYED MOHD HAFIZ BIN SYED MOHD
Change in Boardroom - ENCIK SINDI, MOHAMMED NABIL M
Change in Audit Committee - PROF WANG HONG
Change in Remuneration Committee - ENCIK SYED MOHD HAFIZ BIN SYED MOHD
Change in Boardroom - ENCIK SYED MOHD HAFIZ BIN SYED MOHD
Annual Report & CG Report - 2023
MIKROMB - Notice of Book Closure
Final Dividend
General Meetings: Notice of Meeting
Changes in Director's Interest (Section 219 of CA 2016) - MR FONG SEE NI
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Change in Boardroom - MR FONG SEE NI