The Unit Property

Group also seeks investment banking licence.
The BHD of TA ENTERPRISE described plans to list its property cases and to apply for a permit to investment banking as a group seeking to increase.

The group, 33.7 percent held by Datuk Tony Tiah Thee Kian, has offered to sell its property units at BHD overall TA in a case of all-piece and increase about RM613 million in a public offering Initial (IPO).

The IPO, prepared by the BHD of AmInvestment Bank, comes at a time when the stock market is slow, after having lost 25 percent this year.

The list proposed reorganization and pave the value of its properties strategically located and will realize its investment in, said property TA said in a report to Bursa Malaysia yesterday.

The TA will sell all its shares in the Sdn BHD of properties TA, BHD of Sanjung Padu (M) Sdn confidence and Chamber of Wales at BHD overall TA for RM1.75 billion. The Chamber of Wales owns the hotel Radisson Plaza in Sydney, Australia.

This will be satisfied with 2.24 billion new shares overall TA of 50 sen each had priced at 50 sen piece.

The overall TA will also publish 1.22 billion new preferred shares convertible into shares irrachetables of 50 sen each, had priced at 50 sen a unit.

The sale will result in a gain of RM924.5 million for the TA.

In addition, the TA will sell some houses in Taman Duta the TA Global RM26.9 million in a matter of all-piece.

The TA will then an overall after 10 straight for-27 involving 860 million shares.

Later, the TA will provide overall 350 million new shares, had priced a 50 sen indication, the public investors in its IPO.

At the same time, the TA will offer 875 million shares TA existing global Bumiputera investors approved by the Minister of International Trade and Industry. This will raise some RM438 million.

TA will use a portion of the amount to apply for a permit to investment banking. The remaining cash will be used for future working capital of Operations, TA he said.

The TA plans to list the overall TA, which will have a paid-up capital of RM1.75 billion on the main board of Bursa Malaysia.

In conclusion, the TA will distribute its capital to shareholders. However, instead of a cash payment, it will give investors 1.43 billion shares TA comprehensive and all global TA ‘preferred shares s.

Ultimately, the TA will hold at least 24.3 percent, or 849 million shares, TA overall. It has accomplished all proposals by the end of the year. The TA’s shares fell half a sen to end at 82 sen yesterday.