Prestariang Berhad IPO

Prestariang Berhad 28-06-11
Opening Date of application 28-06-2011
Closing date of IPO 15-07-11
Prestariang IPO price RM 0.90
Balloting of applications : 19/07/2011
Allotment of IPO shares to successful applicants : 22/07/2011
Issuing house MIH 518
Main Market
Tentative Listing Date 27-07-11

PUBLIC ISSUE OF 22,000,000 NEW ORDINARY SHARES OF RM0.10 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; AND
OFFER FOR SALE OF 77,000,000 ORDINARY SHARES OF RM0.10 EACH COMPRISING:-
' 8,000,000 ORDINARY SHARES OF RM0.10 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
' 7,000,000 ORDINARY SHARES OF RM0.10 EACH AVAILABLE FOR APPLICATION BY ELIGIBLE DIRECTORS, EMPLOYEES, AND BUSINESS ASSOCIATES OF PRESTARIANG BERHAD AND ITS SUBSIDIARIES;
' 22,000,000 ORDINARY SHARES OF RM0.10 EACH AVAILABLE FOR PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND
' 40,000,000 ORDINARY SHARES OF RM0.10 EACH AVAILABLE FOR PRIVATE PLACEMENT TO SELECTED INVESTORS;
AT AN ISSUE/OFFER PRICE OF RM0.90 PER ORDINARY SHARE PAYABLE IN FULL ON APPLICATION IN CONJUNCTION WITH THE LISTING OF PRESTARIANG BERHAD ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

ABOUT PRESTARIANG
Incorporated in 2003, the Company's core business is to train and certify lifelong learners to become professionals. Focusing on ICT training and certification, and software licence distribution and management, we aim to impart knowledge, skills and attitude to make a person gain initial employment, maintain it and obtain new ones if required through globally benchmarked accreditation.

Our two core business activities are highly synergistic, where we commonly provide ICT training and certification together with the supply of licences for the software that we are training and certifying.

As a certified partner for various technology and software vendors and organisations, we have the capability to provide both basic and professional ICT training and certification encompassing instructor-led courses and certification examination at the end of the course. At the same time we are able to distribute and manage their software licences.

Currently, we offer approximately 40 certification courses from various technology and software vendors who are our valued partners including Microsoft, IBM, Oracle, Sun Microsystems, CompTIA, Autodesk, EC-Council, Adobe and others.

Prestariang is a Bumiputra-owned MSC Malaysia-status company and a registered ICT contractor with Ministry of Finance.

Source: Prestariang