The Star Online: Business

Matrix Concept to raise RM137.5m from IPO
Petronas makes foray into Brazil in US$850m deal
KLCI may face resistance at 1,785

Matrix Concept to raise RM137.5m from IPO

Posted: 07 May 2013 06:49 PM PDT

Published: Wednesday May 8, 2013 MYT 9:49:00 AM

KUALA LUMPUR: Matrix Concepts Holdings Bhd expects to raise RM137.5mil from its floatation exercise which includes the sale of 62.5 million new shares of RM2.20 each.

The Negeri Sembilan-based property developer said on Wednesday that of the 62.5 million new shares, 10 million units would be offered to the public, 43.69 million shares will be placed out and the remaining 8.8 million shares reserved for the elgible directors and employees.

Matrix Concepts, which is seeking a listing on the Main Market, also offered for sale 37.50 million shares of which 32.50 million units would be placed out to approved Bumiputera investors.

Another five million units would be placed out to selected investors.

According to its website, the group has to date, completed and sold 15,000 residential and commercial properties with a gross development value (GDV) of RM1.3bil.

The website said the group was embarking on two flagship developments, which would help power its growth over the next 10 to 15 years with a combined gross development value of about RM4bil.

Petronas makes foray into Brazil in US$850m deal

Posted: 07 May 2013 07:10 PM PDT

Published: Wednesday May 8, 2013 MYT 9:28:00 AM
Updated: Wednesday May 8, 2013 MYT 10:10:11 AM

KUALA LUMPUR: Petroliam Nasional Bhd made its maiden foray into Brazil when its subsidiary purchased two oil and gas blocks off Rio de Janeiro state for US$850mil (RM2.6bil).

It said on Wednesday Petronas Brasil E&P Limitada had agreed to acquire OGX Petroleo e Gas SA's (OGX) interest in two offshore blocks in Brazil's Campos Basin.

Petronas Brasil will acquire 40% of OGX's interest respectively in Blocks BM-C-39 and BM-C-40 which are in the shallow waters 95km offshore Rio de Janeiro state and contain the Tubaro Martelo field which is being developed.

"The proposed acquisition, which is at the asset level, will mark Petronas' first entry into the exploration and production business in the country.

"Petronas views the acquisition as a highly attractive opportunity in terms of asset quality and for strategic future growth in Brazil," it said.

Bank of America Merrill Lynch is the exclusive financial advisor while Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados is the legal advisor to Petronas on this transaction

KLCI may face resistance at 1,785

Posted: 07 May 2013 05:49 PM PDT

Published: Wednesday May 8, 2013 MYT 8:50:00 AM

KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects the FBM KLCI, which has surged 82 points or 4.8% over the past two days, could slow down on Wednesday.

"From a technical perspective, the benchmark index could face intermittent resistance at the 1,785 level," it said. HDBSVR said providing added buying support ahead is the sentiment boost from Wall Street. Positive vibes arising from global monetary stimulus and better corporate earnings lifted leading US equity barometers by between 0.1% and 0.6% last night. In terms of local corporate developments, Datasonic could see trading interest after it secured a RM18.7mil contract from the government for the MyKad printing.

HDBSVR said listed stockbrokers such as TA Securities Holdings would benefit from the prevailing strong trading activity, which stood at 2.3bil shares worth RM4.1bil on Tuesday.

The research house said its team was calling a Buy on Maybulk as the analyst expects the stock to be re-rated due to improving industry dynamics.

Kredit: www.thestar.com.my

Selasa, 7 Mei 2013