As of 25 June 2019, Tashin Holdings Bhd (Tashin) has opened a formal invitation to subscribe its IPO shares at RM 0.58 a share. Here are its IPO documents:
The application for Tashin IPO shares will be closed on 19 July 2019 with these shares scheduled to be listed on Bursa Malaysia tentatively on 1 August 2019.
Here, I’ll summarize my findings of its IPO documents as follows:
#1: Business ModelTashin is involved in the steel industry. It has three key business segments.
First, it processes steel coils into slit coils and steel sheets. Second, Tashin produces a wide range of steel pipes, flat bars, square bars, expanded metals, C Purlins and checkered plates. Third, it trades steel plates, steel bars, round bars, wire mesh, and angle bars. They are all operating from its facility in Prai, Penang.Over the last four years, Tashin, as a collective group, has
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