Ranhill final retail share price at RM1.20

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KUALA LUMPUR (March 4) : Ranhill Holdings Bhd, which is seeking a Bursa Malaysia listing, priced its initial public offering (IPO) shares at RM1.20 each under the institutional and retail portions.  

In a statement to Bursa Malaysia, electricity-generation and water-supply entity Ranhill said it fixed the final price for the IPO shares after the retail offering closed on Feb 25 this year. Ranhill said it had also completed the institutional portion's bookbuilding. 
"Applicants under the retail offering should note that the retail price of RM1.70 per issue share was paid in full upon application under the retail offering. 

"As the final retail price of RM1.20 per issue share is less than the retail price, a refund of the difference of RM0.50 per issue share shall be made to successful applicants of the retail offering, without any interest thereon," Ranhill said.

Ranhill's IPO involves the sale of up to 475 million shares comprising an offer for sale of up to 100 million existing units and public issue of up to 375 million new shares.
The company said it was scheduled to be listed this March 16.

The listing of Ranhill is undertaken via a reverse takeover of Symphony House Bhd.