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ECS ICT Berhad Case Study

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ECS ICT Berhad (“ECSB”), an MSC-Status company, was established in 1985 with ECS KU Sdn. Bhd.. Today, the Group is a leading distribution hub for Information & Communications Technology (“ICT”) products in Malaysia via ECS ASTAR Sdn. Bhd., ECS PERICOMP Sdn. Bhd., ECS KU Sdn. Bhd. and ECS KUSH Sdn Bhd.. Being listed on the Main Market of Bursa Malaysia Securities Berhad on 15 April 2010, ECSB is an associate company of ECS Holdings Limited, the leading ICT distributors in Asia Pacific, which access to a network of more than 25,000 channel partners across China, Thailand, Malaysia, Singapore, Indonesia, the Philippines, Cambodia and Myanmar.
ECSB distributes a comprehensive range of ICT products like personal computers, notebooks, tablets, printers, …show more content…

10.0 million new ordinary shares of RM 0.50 each was allocated for the Malaysian Public via balloting. ii. 13.4 million new ordinary shares of RM 0.50 each for private placement to selected investors. iii. 3.6 million new ordinary shares of RM 0.50 each for eligible directors, employees and business associates of ECS ICT Berhad and its subsidiaries of the ECSB Group.

The offer for sale of up to 20.0 million ordinary shares of RM 0.50 each via private placement and all of an issue/offer price of RM 1.46 per ordinary shares payable in full on an application in conjunction with the listing of ECS ICT Berhad on the main market of Bursa Malaysia Securities Berhad.
For the 10.0 million new ordinary shares made available for Malaysian public, a total of 7,097 applications for 78,795,600 ordinary share value of RM 115,041,576.00 were received from the Malaysian public. For the Bumiputera, a total of 2,202 applications for 18,691,800 ordinary shares were received. All 13.4 million new ordinary shares made available for private placement under the public issue have been fully placed out. A total of 15,692,000 ordinary shares are placed out under the Offer for Sale. The maximum number of ordinary shares to be placed out by the offerors is 20.0 …show more content…

Up to 20.0 million ordinary shares of RM 0.50 were placed under Offer for Sale allocation (private placement).

(e) Timeline of the IPO process
The below dates are tentative for IPO of ECS ICT Berhad. The application period will be open at 10.00 a.m. on 19 March 2010 and remain open until 5.00 p.m. on 31 March 2010 or such further period or periods as the Directors of the Company and the Sole Underwriter may in their absolute discretion mutually decide. Late applications will not be accepted. The timeline for the IPO process for ECS ICT Berhad is as follows : Timeline of IPO process for ECS ICT Berhad
(f) List of investment banks / underwriters)
ECSB also signed the underwriting agreement with its adviser, sole underwriter and co-placement agent, Hong Leong Investment Bank Berhad (Formerly known as MIMB Investment Bank Berhad) for their Initial Public Offering (IPO) on the main market of Bursa Malaysia Securities Berhad. CIMB Investment Bank Berhad also is the co-placement agent for ECSB. The underwriting agreement was signed by ECSB’s Chairman, Dato’ Teo Chiang Quan and Managing Director, Mr. Foo Sen Chin while MIMB was represented by Mr. NG Chee Kiet, Director and Co-Head, Investment Banking and Arvin Chia Yew Kim, Head, Equity Capital

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