of Bursa Malaysia Securities on July 20, 2010, is confident it will
continue to enjoy growth over the next few years.
OSK Investment Bank's director/head of corporate finance, Joseph Soo,
said the company's future plans and strategies encompassed four areas --
business expansion, overseas market, marketing and human resources
development.
"These plans also include the launching of new applications in phases
this year and in 2011, recruiting more re-sellers overseas, expanding
existing market and building and developing competent skills," he said
at the launch of EAH's listing prospectus here today.
Moving forward, he said, EAH would take advantage of the current market
foundation and improvement in the information and communication
technology (ICT) spending by the public and private sectors.
EAH is involved in provision of software solutions, ICT services as well
as radio frequency identification solutions.
OSK Investment Bank is the sponsor, adviser, underwriter and the
placement agent for the initial public offer (IPO).
The IPO involves a public issue of 40 million new ordinary shares of 10
sen each and an offer for sale of 18 million ordinary shares of 10 sen
each for application by way of placement to identified investors.
The public issue and offer for sale shares are priced at 25 sen per
share.
Of the 40 million new shares, two million shares will be for application
of Malaysian public, seven million for the eligible directors and
employees of EAH and its subsidiaries and 31 million for application by
way of placement to identified investors.
The IPO period will begin on June 28 and close on July 8, 2010.
For financial year ended 2009, EAH recorded a next profit of RM3.6
million on revenue of RM13.9 million. -- Bernama
What is EA Holdings Fair Value Target Price?