ListedMain Market· 5267· Shariah-compliant

Xin Hwa Holdings IPO

Transportation & Logistics Services. Offered at RM0.70 a share, listed on 30 Jun 2015.

Offer price

RM0.70

Shares offered

RM0.0m at offer

Market cap at listing

RM126m

Offer period

11 Jun 2015 to 17 Jun 2015

Listing date

30 Jun 2015

Principal adviser

Public Investment Bank Berhad

Timeline

Offer opens
11 Jun 2015
Offer closes
17 Jun 2015
Balloting
Done
Listed
30 Jun 2015

Oversubscription

18.7×

Public applications for 18.7 times the shares on offer.

First day of trading

+12.9%

Opened above the offer price, closed +22.9% on day one.

About Xin Hwa Holdings

Integrated logistics service provider involved in land transport operations (cargo transportation services and container haulage services), warehousing and distribution operations, and other services including freight forwarding, customs brokerage, and manufacturing and fabrication of trailers.

First-day forecast

CISCOM's forecast for Xin Hwa Holdings is available to Pro members.

Every IPO gets a projected first-day range and a probability of opening above the offer price, built from the most similar past listings on Bursa Malaysia. Across 246 IPOs in the walk-forward back-test, the model called the first-day direction right 74% of the time. Educational estimates, not investment advice.

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Facts on this page come from Bursa Malaysia announcements, the prospectus and issuing-house press releases, and can change. CISCOM is an educational service and does not provide investment advice. Past performance does not guarantee future results. Consult a licensed adviser before investing.