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how come u all can see liao
i also using uob... it say not avaible...
I've got 1 lot....
UOB-Your IPO application for xxx000 shares for KINERGY SHARE ISSUE ACCOUNT has been unsuccessful.
Today Closing: 13 Feb 07, 12.00noon
Hi Teeth53, Any comment on this stock?
Regards.
some abstract on Kinergy IPO:
Company: Kinergy Ltd
Issue statistics:
Offer size: 20.196m new shares
Public Tranche ? 1.2m shares
Placement Tranche ? 18.996m shares
Price: S$0.23
NTA per share (post-IPO): S$0.246
Historical PE: 6.1x (FY05)
Market Cap (post-IPO): S$29.4m
Open: 6 Feb 07
Close: 13 Feb 07, 12.00noon
Trading: 15 Feb 07 (on ?ready? basis)
Lead Manager: DBS
Principal shareholders
? Lim Kuak Choi Leslie (45.29%)
? Unitras (H.K.) Limited (23.48%)
? CEI Contract Manufacturing (10.00%)
? Foo Kaw Jee (5.46%)
Background
Established in 1988, Kinergy provides "high mix, low volume" Electronics Manufacturing Services ("
Original Equipment Manufacturers ("OEMs") in the semiconductor, electronics, medical and industrial sectors as
well as the manufacturing of proprietary equipment for customers who are mainly in the semiconductor industry.
The number of units produced for each product model is typically low. The manufacturing process involves the
application of Kinergy?s experience in precision material cutting and knowledge in multi-discipline engineering such
as mechanical, electronics, vision systems, laser technology and electrical engineering. Kinergy has two main
divisions:
1) Electronics Manufacturing Service Division (
Kinergy focuses on the manufacture of equipment and sub-systems for both the front-end and back-end
processes of the semiconductor industry. However, most of Kinergy?s customers are from the back-end
processes of the semiconductor industry. Kinergy?s major customer for the
of the world?s leading manufacturers of wire-bonding machines. The company has been working closely with
Kulicke & Soffa since 1996 and believes that it is currently their principal contract manufacturer for the input/
output magazine handler and the work-holder sub-systems used in Kulicke & Soffa?s wire-bonding machines.
Other customers from the electronics, medical and industrial sectors include Applied Materials, Siemens, UIC,
MDS Sciex and PANalytical.
The
These are either procured from third party sources or outsourced. The
involves the sub-assembly of components and parts.
2) Original Equipment Manufacturing Division (OEM)
The OEM division designs and manufacturers microprocessor-controlled automated machines for use mainly in
the semiconductor assembly and test industry. The main difference between the
division is that the OEM division undertakes the manufacturing of all Kinergy?s proprietary products while the
Auto frame loader and auto-buffing machines. The Precision Tooling Department designs and fabricates high
talk and talk?can get any ipo share or not?no point talking if cannot get any share.ipo nowadays very hot .1 in 100 chances.
Hi all interested invester,read on.........Yahh
Subsequent_Announcement.pdf by CEI CONTRACT MANUFACTURING LIMITED
ACQUISITION OF 10% SHAREHOLDING INTEREST IN KINERGY LTD. ("KINERGY") ("ACQUISITION")
Published February 7, 2007
IPO WATCH
Kinergy offers 20.2m new shares in IPO
SINGAPORE-BASED electronics manufacturer Kinergy Ltd has launched an initial public offering of 20.2 million new shares at 23 cents each. Additionally, the Sesdaq-bound company will be selling 12.8 million shares, representing 10 per cent of its post-IPO share capital, at 23 cents each to its strategic investor CEI Contract Manufacturing Ltd. Mainboard-listed CEI is an industrial equipment maker.
"We have laid a firm foundation and we are now poised to take the group to a new phase of growth. The listing will give us an added impetus'
- Kinergy CEO Leslie Lim
Kinergy will raise net proceeds - including those from the subscription by CEI - of about $5.7 million. Part of the money will go towards increasing its overseas manufacturing capabilities.
'We are building an additional, about 12,000 square metres, extension in Nantong (China),' said Kinergy's chief executive officer Leslie Lim. Mr Lim said the money would also help 'expand our marketing activities in the US and Europe'.
Of the approximately 20.2 million IPO shares offered, about 19 million will be placed out while the remaining 1.2 million shares will be for public subscription.
Kinergy, set up in 1988 as a designer and manufacturer of proprietary microprocessor-controlled automated machines for use in the semiconductor industry, has come a long way from the day when it had just one factory and a handful of clients.
Today, it provides 'high mix, low volume' electronics manufacturing services to original equipment manufacturers in various industries, as well as manufactures proprietary equipment for customers.
Recognising that 'it was difficult to compete with MNCs (multinational corporations)', the company decided in the early 1990s to make itself more competitive and cost-effective by moving some of its operations to China, said Mr Lim.
'When Kinergy first went to China, we learnt a lot about the difference in culture ... we learnt how to transfer our manufacturing to China. This is very important,' he said.
Mr Lim added that he 'was very impressed with the large number of very talented and knowledgeable technocrats' in China. He pointed out that 'there have been many people who have gone to China and they have failed because they do not know how to deal with the bureaucracy'.
Kinergy said its first big break came in the 1990s as more European and American MNCs began outsourcing the manufacture of their equipment.
It secured a contract with giant semiconductor supplier Kulicke & Soffa (K&S), a development Mr Lim described as 'lucky'. K&S, a leading manufacturer of wire-bonding machines, remains one of Kinergy's biggest customers, along with corporations such as Siemens and Applied Materials.
Kinergy's strategy of widening its customer base to include the medical and industrial sectors is to reduce its reliance on the semiconductor industry.
'We have laid a firm foundation and we are now poised to take the group to a new phase of growth. The listing will give us an added impetus,' said Mr Lim.
The group reported a turnover of $85.1 million and a net profit of $3.6 million in FY2005. In 1H FY2006, it achieved a turnover of $41.6 million and a net profit of $2.3 million.
The offer, which opens today, will close at noon on Feb 13, and trading is expected to begin on Feb 15.
DBS is the manager, underwriter and placement agent.
how come no much discussion on this IPO??
Will this be as hot as the few IPOs.
I've try 20 lots .... hope to get some and laughing all the way to bank....hahaha! : )