IPO: Ewein Berhad 新股推介

申请时限 ： 10/3/2008-17/3/2008
上市日期 ： 28/3/2008
上市版面 ： 第二交易版
上市价格 ： 每股70仙
从事行业 ：Sheet metal fabricated parts maker

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Demand For Set-top Boxes Attracts Ewein To India

KUALA LUMPUR, March 10 (Bernama) -- Ewein Bhd, a precision sheet metal fabricated parts maker, plans to venture into India's sheet metal fabrication market for digital satellite antennas and set-top boxes by end of this year, managing director Datuk Ewe Swee Kheng said Monday.

"As India is a vast country with a large population residing in rural areas, the demand for these products is expected to be strong, particularly for households on the outskirts of cities," he told reporters here today after launching the company's prospectus in conjunction with its proposed listing on Bursa Malaysia's Second Board.

Currently, the Ewein group exports directly and indirectly its products to Brazil, the United States, Hungary, Japan, Australia, Hong Kong, Singapore, Ireland, Canada and Thailand, he said.

Ewein's listing exercise, which involves the offering of 25 million existing ordinary shares of 50 sen each by MBM Resources Bhd and Hijauwasa Sdn Bhd at an issue price of 70 sen per ordinary share, is expected to raise RM17.582 million.

This involves a restricted offer sale by MBM Resources of 18 million ordinary shares in Ewein to company shareholders who are considered public.

Concurrently, Hijauwasa will make an offer for sale of seven million ordinary shares in Ewein. These shares comprise six million for the public and another one million for eligible directors and employess of the group.

Ewe said expenses incurred relating to the offer for sale will be borne by Hijauwasa and MBM Resources.

He said the group forecast a gross dividend of five percent of 2.5 sen per Ewein share based on issued and paid-up share capital of 105 million shares for the financial year ending Dec 31, 2008.

The group was considering venturing into the local automotive components market in view of the country's increasing industrialisation and expansion of the economy which will fuel the demand for automobiles, and indirectly for automotive components, by end of 2009, Ewe said.

"We are still studying the market. We may get into related metal fabrication activities as one of our major shareholders, Med-Bumikar Mara Sdn Bhd, is actively involved in the Malaysian automotive industry," he said.

The group, he added, was confident that it has the technological capabilities to venture into the automotive components market.

-- BERNAMA
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