For information only. Not spending too much time as the placement is already closed with no public tranche.
Samurai 2K Aerosol Limited ("Samurai 2K" or the "Company") is placing out 20m shares at $0.20 each for a listing on Catalist. There is no public tranche and trading will commence on 16 Jan 2017 at 9 am with a market cap of $20m. The link to the prospectus is here.
Principal Activities
The Company is headquartered in Malaysia and is a high performance aerosol coating specialist for automotive refinishing and refurbishing industry. Samurai 2K manufactures, distributes and markets products under its own brand.
According to the prospectus, the Company has a 27% market share in Malaysia and 5% market share in Indonesia in 2015.
Products segments and brands
The picture above shows what the aerosol is used for and the Company is probably alluding that its products are mainly ...
