I am usually not that interested in participating in an IPO. In my investing journey thus far, I have only participated in two of them, both which I have failed to get them. This review is on the back of request from my friend who seems to be interested in the company. So let's see where it takes us.
For a start, these are the offerings in respect of the 168,000,000 shares they would be releasing:
(i) 65,000,000 Cornerstone Shares;
(ii) 94,200,000 Shares under the Placement (including 6,350,000 Reserved Shares); and
(iii) 8,800,000 Shares under the Public Offer (subject to the Over-allotment Option).
Timetable is as follows:
12 November 2014: Opening of the Offering
18 November 2014, 12.00 noon: Close of the Offering
19 November 2014: Balloting of applications, if necessary (in the event of an oversubscription for the Public Offer Shares)
20 November 2014, 9.00 a.m. ......