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Sunday 17 July 2016

1配6发附加股 2送1凭单 婆罗洲石油筹2.3亿采金附加股认购带动 婆罗洲石油价量齐升Borneo Oil’s rights issue of RM237m account for 80.7% of market cap

婆罗洲石油(BORNOIL,7036,主板贸服股)2015年4月27日建议,以每1股配6股附加股,以及每2股附加股送1免费凭单的比例,发行附加股和送凭单,扩展在大马半岛的黄金开采活动。已经2015年7月28日获得马交所批准。

根据文告,集团将发行高达23亿7384万1596股附加股,以及送出11亿8692万798张免费凭单。

假设以每股暂定发售价10仙计算,公司最低可筹集2亿2339万2000令吉,最高则达2亿3738万4000令吉。

婆罗洲石油表示,将会使用所筹集的资金用作黄金开采活动、购买相关机械和设备、黄金开采的营运资本、购买石灰岩开采营运的厂房和设备、石灰岩开采活动的营运资本、快餐业务的营运资本、未来投资、偿还债务等。

大股东Victoria私人有限公司和合成保险服务将会根据各别权限全面认购附加股。

刘楚群入股受瞩目

合成统一(HAPSENG,3034,主板贸服股)大股东兼亚洲马赛地大亨丹斯里刘楚群,在2014年下半年油价走跌期间,入股婆罗洲石油。这举动让沉寂已久的婆罗洲石油,再受到股友关注和热捧,股价强升。

婆罗洲石油蒙亏多年,截至2014年10月杪的财年第三季,才转亏为盈。

刘楚群如今成为大股东,更是为投资注入强心剂。

向来低调的刘楚群,是通过合成保险服务、利星行证券等,在2014年10月初首次入股,买进19.1%股权,成为婆罗洲石油大股东之一。

2014年10月27日,他通过旗下合成保险服务私人有限公司,以每股69.7仙,购入694万4600股,相等于2.47%股权。

他陆续多次出手,72仙时也购入1100万股;在11月底时已持27.31%,但在12月时又减持4.26%。

根据纪录,刘楚群目前持有婆罗洲石油23.05%,或6224万8000股。

料贡献逾25%净利

黄金开采活动表现加强,配合集资活动扩展开采业务,婆罗洲石油看好短期内占集团净利超过25%。

长期来看,集团希望能够成为国内和区域性黄金开采领域的主要业者之一,而最终目标则是持续扩展和加强该业务,为股东带来最高的回酬。

此外,婆罗洲石油的快餐连锁店Sugarbun持续在国内外扩展。

目前,国内外共有76家专营店,今年将会增加14家新的专营店,相信进一步提振集团净利。

随着黄金开采业务开始贡献,及快餐业务持续获得改善,董事局看好集团未来的展望。

2015年4月27日闭市时,婆罗洲石油以78仙挂收,微起0.5仙或0.64%,成交量有141万4000股。


附加股认购带动 婆罗洲石油价量齐升

投资者2015年10月9日认购附加股带动,婆罗洲石油(BORNOIL,7036,主板贸服股)2015年10月13日价量齐升,其中股价大涨4.5仙或30%。

该股以18仙开市,在购买动力下,盘中一度升至20.5仙。

不过,闭市前收窄涨幅,最后收在19.5仙,全日上涨4.5仙或30%。

同时,成交量则达4854万6400股,排在十大热门股第7位。

新股2015年10月19日上市

该批附加股将会在2015年10月19日(下周一)开始交易。

大马抽佣经纪协会主席黄峋理表示,由于投资者冲进市场购买附加股使到股价走高。




Apr 28, 2015



Borneo Oil’s rights issue of RM237m account for 80.7% of market cap



Borneo Oil Bhd’s recent proposed rights issue could attract some attention as it plans to raise up to RM237.38mil -- accounting for 80.7% of its market capitalisation of RM294.1mil as at Wednesday.






Borneo Oil said on Monday the corporate exercise involved a right issue of up to 2.37 billion rights shares at an indicative issue price of 10 sen with up to 1.186 billion free Warrants C.

The rights issue would on the basis of six rights shares for every one existing share held and the free warrants would be one warrant for every two rights shares subscribed for.

For illustrative purposes, the indicative issue price of 10 sen per rights share was a discount of 41.11% to the theoretical ex-rights price (TERP) of 16.98 sen. This is based on the five-day weighted average market price of the  shares up to and including the last practical date of 79.80 per share.

Borneo Oil added that for illustrative purposes only, the exercise price of the Warrants C is assumed to be 10 sen, which is a discount of about 41.11% to the TERP of
Borne Oil shares of 16.98 sen.

Meanwhile, the funds raised are intended to be utilised for gold mining operations, limestone mining operations, fast food operations, future investments, repayment of borrowings and the estimated expenses with relations to proposed rights issue and warrants. 

However, the company added that the entitlement date for the corporate exercise would be determined later.


The company, in which substantial shareholders Victoria Ltd and Hap Seng Insurance Services Sdn Bhd own a combined 157.12 million shares, sweetened the cash call via the rights issue by issuing free warrants. So far Victoria Ltd, which owns 25.48%, and Hap Seng 16.72% have pledged to subscribe for the rights shares.



Hap Seng Insurance and Victoria Ltd’s entitlement would see them, forking out RM37.34mil and RM56.92mil respectively for the rights shares.






Based on the indicative issue price of 10 sen per renounceable rights shares, the minimum scenario is RM223.39mil and the maximum is RM237.38mil.



It plans to issue 2.373 billion new rights shares on the basis of six rights shares for every one share held. 



The indicative issue price of 10 sen per rights share is 41.11% to the theoretical ex-rights price shares of 16.98 sen, based of the last practical date of 79.80 sen per share.


It was trading at 80 sen which was at a price-to-earnings of 34.48 times.

Currently, Borneo Oil’s paid-up is 367.60 million and if all the shareholders take up the rights shares, the paid-up will balloon to 3.956 billion shares under the maximum scenario.





Borneo Oil plans to use the proceeds from the rights issue for gold mining, limestone mining, fast food operations, future investments and repayment of borrowings. The total cost of these operations would cost RM223.39mil to RM237.38mil.








To entice shareholders, it announced 1.186 billion free detachable warrants C on the basis of one free warrant C for every two rights shares subscribed. 




Upon full exercise of the Warrants C based on the indicative exercise price of 10 sen per

Warrant C is about RM111.70mil under the minimum scenario and about RM118.69mil under the maximum scenario.

Borneo Oil plans to use the gross proceeds from the exercise of the Warrants C as additional working capital of Bornoil Group. The proceeds may be used to pay salaries, repay trade creditors as well as general expenses.

As of Jan 31, 2015, the total borrowing of the company was RM21.14mil.