Malaysian Reserve 03-Jun-2011 Page: 8 Business & Finance Market: Malaysia Circulation: 15000 Type: Malaysia - English Newspapers Size: 315.05 sq.cms Frequency: MTWTF MSM Malaysia IPOto raise RM2.4b,eyesland buyoverseas The company is en route for listing on PROSPECTUS the Main Market of LAUNCH OF ,CONJUNCIION 4110.1 THE1,ISIING OF Bursa Malaysia on EIM MALAYNA WANGS.BEFIHAD arlkii A D June 28 and will offer piWarr iuRSA MALAYSIASECURITIES up to 234.6m shares msm Malaysia Holdings Bhd, whose initial public offering (IPO) is expected to raise RM2.4 billion, plans to acquire land in the Asean (Association of South-East Asian Nation) re- gion for sugarcane planting, to ensure availability of sugar. Felda Global Ventures' group president, Datuk Sabri Ahmad, said this was part of the company's plan to diversi- fy overseas and expand pro- duction capacity through stra- tegicacquisitionsor (From left) Felda director-general Datuk Dzulkifli Abdul Wahab, CIMB Group corporate and investment banking investments, particularly in deputy chief executive officer (CEO) Datuk Charon Wardini Mokhzani, Deputy Minister in charge of Felda Datuk Ahmad Maslan, Deputy Prime Minister Tan Sri Muhyiddin Yassin, Sabri and MSM Malaysia president/CEO Chua South-East Asia. Say Sin at the launch of MSM Malaysia's listing prospectus in Kuala Lumpur "The sugar refining arm is the biggest in Malaysia today in terms of downstream activ-lated businesses, from PPBtermined by way of book- that," he said. ity. We have a big gap in terms Group Bhd for RM1.25 billionbuilding process. Meanwhile, Sabri said MSM of the upstream. We importtwo years ago. MSM operates two sugarplanned to increase export 95% of raw sugar. MSM, which is en route forrefineries Prai (Penang) sales to 150,000 metric tonnes "Therefore, the plan is to use listing on the Main Market ofand Chuping (Perlis); andthis year from 80,000 metric the fund for growth, of whichBursa Malaysia on June 28, willmarkets under Gula Prai and tonnes last year. one of the priorities would beoffer up to 234.56 millionGula Perlis brands. On wheth- MSM produced approxi- to explore the Asean region toshares to Malaysian and for-er MSM planned to buy sug- mately 945,000 metric tonnes see whether we can expandeign institutional investors, in-arcane plantation in Indone-of refined sugar products in sugar plantation," he said at acluding Bumiputera investorssia, he said at this stage it did 2010, accounting for 57% of to- media briefing after the launch approved by the Ministry ofnot have any definite plans to tal sugar production in Malay- of its IPO prospectus in KualaInternational Trade and Indus-either buy existing plantation sia. Koperasi Permodalan Fel- Lumpur on Wednesday. try as well as Malaysian retailor greenfields; however, theda,which has 220,000 Federal Land and Develop- investors. plan was being reviewed andmembers, would have about ment Authority (Felda) ac- The retail portion of 28.12 studied carefully. 20% stake in MSM post-list- quired MSM Malaysia, previ-million shares will be priced "The acquisitions can be un-ing. The membership com- ously known as Malayan Sugarat RM3.38 and 97% of the in-der MSM or the group, weprises Felda settlers and staff. Manufacturing Co, and its re-stitutional price will be de-haven't really firmed up onBernania Provided for client's internal research purposes only. May not be further copied, distributed, sold or published in any form without the prior Ref: 104154789 consent of the copyright owner..