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RSENA (5270) : RED SENA BERHAD
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12 Dec 2015, 10:54 AMPost #1
IPO - Red Sena Berhad (RSENA)
Author: kltrader | Publish date: Thu, 19 Nov 2015, 05:30 PM



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Listing Detail:
Listing Sought: Main Market
Issue Price: RM0.50
Par Value: RM 0.01

Dates:
Offer Period Open: 18-11-15
Offer Period Close: 27-11-15
Tentative listing date: 10-12-15

Number of shares:
Public Issue: 800,000,000
Offer for Sale: -
Private Placement: 720,000,000

Stock Code: RSENA

Official Announcement
INITIAL PUBLIC OFFERING OF 800,000,000 NEW ORDINARY SHARES OF RM0.01 EACH IN RED SENA BERHAD ("PUBLIC ISSUE SHARES") TOGETHER WITH 800,000,000 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) PUBLIC ISSUE SHARE SUBSCRIBED, AT AN ISSUE PRICE OF RM0.50 PER PUBLIC ISSUE SHARE COMPRISING: - 80,000,000 PUBLIC ISSUE SHARES TOGETHER WITH 80,000,000 WARRANTS BY WAY OF BALLOTING TO THE MALAYSIAN PUBLIC; AND - 720,000,000 PUBLIC ISSUE SHARES TOGETHER WITH 720,000,000 WARRANTS BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS, SUBJECT TO CLAWBACK AND REALLOCATION PROVISIONS, IN CONJUNCTION WITH THE LISTING OF RED SENA BERHAD ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

Company Overview
Red Sena Berhad, an investment holding company, focuses on manufacturing, branding, marketing, and distributing banded packaged food and beverage products in Malaysia, Indonesia, the Philippines, Singapore, Thailand, and Vietnam. The company was incorporated in 2014 and is headquartered in Petaling Jaya, Malaysia. Red Sena Berhad is a subsidiary of Raintree F&B Sdn. Bhd.

Address & Contact:
1 First Avenue, Level 15.01,Bandar Utama
Petaling Jaya, 47800 Malaysia

Phone: +603 7651 7870


In the News
Red Sena earmarks 92% of proceeds for qualifying acquisition
​Red Sena Bhd, which plans to raise RM400 million, will earmark RM368 million for its qualifying acquisition, according to its prospectus.

Red Sena is a special purpose acquisition company (SPAC) specialising in food and beverage businesses. A SPAC has no revenue-generating assets at the time of listing.

"Our board believes that, upon completion of our IPO, the funds available to us as working capital would be sufficient for us to operate as a SPAC within the permitted time frame.

"We do not intend to pay any dividends prior to the completion of our QA," Red Sena said.

Red Sena's initial public offering (IPO) involves the sale of 800 million new shares at 50 sen each. The IPO includes a similar number of free detachable warrants on a one warrant-one share basis.

The company is scheduled to be listed on Bursa Malaysia's Main Market on December 10.
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