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Sure bo? Dun anyhow spread news leh....60cents?
really get shock..... just talk to my broker ..... PEC opening price will be above 60 cents .....
congrats to those who vested ......... PEC should be the "One day Wonder" stock loh .......
lets chase this dragon and huat together later .....
uncle AK, buy in will be the better choice le ..... may shoot up to sky high
AK_Francis ( Date: 07-Aug-2009 01:00) Posted:
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hopefully PEC will also start strong...August 6, 2009 10:52 AM EDT
The IPO for Avago Technologies Limited (Nasdaq: AVGO) is open for trading. Shares are trading at $16.02 after pricing at $15, the high-end of the expected $13-$15 range.
Ha ha, AK app 11 lts, no hv, all $ returned liao.
Hm, may consider 2 actions morow, either Short Sell or Buy In, while market opens?? But may drop d idea, as not much perks liao.
For those who got alloted, Q b4 0900, 10 bids higher to sell, may be a good option, However, wanted to Q more than 10 bids, call your broker loh, b4 9.
we shall see how much this counter will rise tomorrow when market start trading...
Thanks Alligator. Yup it is in CDP. applied 30, only got 5.
For those who applied, go and check the CDP statement, it is already credited there..
PEC LTD.
21 Shipyard Road, Singapore 628144
Tel: 6268 9788 Fax: 6268 9488 www.peceng.com
Co. Reg. No: 198200079M
For Immediate Release
PEC SUCCESSFULLY COMPLETES IPO WITH
OVERWHELMING RESPONSE FROM PUBLIC INVESTORS
>Overwhelming response for the Public Offer attracting over S$200 million in application monies
• Strong interest for Placement Shares from institutional investors
• Shares to commence trading at 9:00 a.m. on 7 August 2009
Singapore, 6 August 2009 — PEC Ltd. ("PEC", and together with its subsidiaries, associated companies and joint venture company, the "Group"), a plant and terminal engineering specialist, is pleased to announce that it has successfully completed an initial public offering ("IPO") of 63,000,000 new shares (the "Base Invitation") at S$0.40 each and has received very positive market response.
At the close of the public offer on 5 August 2009 (the "Public Offer") at 12:00 noon, 9,833 valid applications were received for the 2,000,000 shares under the Public Offer. In total, these applicants applied for an aggregate of 508,490,000 shares, with application monies received amounting to approximately S$203.4 million. 128,000 Placement Shares arising from invalid applications for Placement Shares were made available as Offer Shares for public subscription.
The Placement tranche has also drawn good interest from institutional investors with participation from funds such as DBS Asset Management Ltd, Prudential Asset Management (S) Ltd., Pheim Asset Management (Asia) Pte Ltd and Credit Suisse Hong Kong.
Based on the Base Invitation size of 63,000,000 shares and the total valid applications for approximately 569,362,000 New Shares (comprising 508,490,000 Offer Shares, 58,172,000 Placement Shares and 2,700,000 Reserved Shares), the Invitation was approximately 9.0 times subscribed. In this regard, DBS Bank Ltd has over-allotted 12,600,000 Additional Shares under the Placement.
The gross proceeds raised from the Base Invitation are estimated to be S$25.2 million. If the Overallotment Option is fully exercised by DBS Bank Ltd, PEC will raise gross proceeds of approximately S$30.2 million.
Commenting on the response to the Invitation, Mr Robert Dompeling, Group Chief Executive Officer of PEC said, "The response to the Invitation from both institutional and retail investors was overwhelming and we are pleased to benefit from the significantly improved market conditions. I am extremely delighted with the level of interest shown by the public as well as institutional investors which is a strong testament of their confidence in the strong growth potential of PEC and the industries that we are operating in. We believe that our investment merits such as our established track record and business model which offers stability through recurring income from maintenance services and growth through project works will position us for further growth going forward. With our expansion strategies in place, we hope to leverage on the opportunities in the oil and gas, petrochemical, oil and chemical terminal, as well as pharmaceutical industries in Asia and the Middle East."
DBS Bank Ltd is the Issue Manager, Underwriter and Placement Agent for the IPO.
The shares will be traded in Singapore dollars in board lots of 1,000 on the Main Board of Singapore Exchange Securities Trading Limited (the "SGX-ST"). Trading on a "ready" basis is expected to commence at 9:00 a.m. on Friday, 7 August 2009 subject to the SGX-ST being satisfied that all conditions necessary for the commencement of trading in the shares on a "ready" basis have been fulfilled. Further details on allotments and/or allocations will be published in The Straits Times and announced through a SGXNET announcement posted on the Internet at the SGX-ST website
http://www.sgx.com prior to the listing of the shares on the SGX-ST.
-- End --
About PEC Ltd.
Founded in 1982 and headquartered in Singapore, PEC is a plant and terminal engineering specialist which provides project works and maintenance services to the oil and gas, petrochemical, oil and chemical terminal and pharmaceutical industries in Asia and the Middle East.
The Group's project works are currently being carried out mainly in Singapore, Malaysia, Thailand, Indonesia, Vietnam, the PRC and the Middle East while its maintenance services are currently being carried out in Singapore and the PRC. PEC has fabrication facilities in Singapore, Malaysia, Indonesia, Thailand and the PRC.
wah? 50% hit rate? which bank? dun tell me DBS? :)
oinkoink1999 ( Date: 06-Aug-2009 17:55) Posted:
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I applied thru internet banking. Wat abt u?
Nicky, no la..i apply 10 and got 5.
KIMPEK ( Date: 06-Aug-2009 17:52) Posted:
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Your is applied through Internet banking or ATM??
oinkoink1999 ( Date: 06-Aug-2009 17:42) Posted:
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wow..5 lots ?? u must hv applied many lots hor ? :PPP
gd luck!
oinkoink1999 ( Date: 06-Aug-2009 17:42) Posted:
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tomolo must whack PEC .... believe it you get it ... cheers
Yes out liao. Partially Filled. I got 5 lots.
anyone got their result already?? wonder wat is the grey mkt price? hee.... :D