Quote | Super Quote
IPO   |   IPO News   |   Listed IPO Information   |   Hot Listed IPO
Stock Code   IPO News IPO Timetable
IPO Timetable
MOG Holdings
MOG Holdings
Nominal: 0.910 RT Quote
Open-offer-subscription Rate: 40.04x One Lot Success Rate: 35%
COMPANY PROFILE

MOG Holdings is the second largest retailer of optical products in Malaysia in terms of revenue, accounting for approximately 7.1% of the market share in 2018. The Group offers a wide range of optical products which generally include lenses, frames, contact lenses and sunglasses from International Brands; the Group's Own Brands; and Manufacturers' Brands carried by the Group. The Group's optical product brands portfolio consisted of more than 220 International Brands and Own Brands catering to multiple price points in the eyewear retail market.

In 2009 and 2010, the Group commenced its licensing business and franchising business respectively with a view to deepening its penetration in the Malaysian eyewear retail market. In August 2019, the Group launched its online sales platform focusing on the sales of frames from its Own Brands to customers in Malaysia. The Group's retail network, which comprised 83 self-owned, 10 franchised and two licensed retail stores located across Central, Southern, Northern and Eastern Peninsular Malaysia.

The Group adopts a multi-brand strategy to cater to different demographics within the eyewear retail market. The Group had 10 retail brands covering the high-end, mid-end and mass-market segments of the Malaysian eyewear retail market. The Group's retail brand portfolio also included a retail brand which focuses on the sales of contact lenses.

The Group's revenue mainly comprised of sales of optical products to retail customers under its Retailing Business; franchisees under its Franchising and Licensing Business; and the Malaysian Interested Companies and the Thai Interested Companies under its Minority Sales Business. The Group also derived a lesser portion of its revenue from franchise and royalty fees under its Franchising and Licensing Business.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureTextiles, Clothing & Accessories
Websitewww.mog.com.my
Board Lot2,000
Registrar & Transfer OfficeComputershare Hong Kong Investor Services
GLOBAL OFFERING
No. of Offer Shares125m shares
No. of International Placing Shares113m shares
No. of HK Offer Shares12.50m shares
Offer Price$1.00 - $1.20
Nominal ValueHK$ 0.01 each
Stock Code1942
Sole SponsorZhongtai International Capital
Sole Global Coordinator and Sole BookrunnerZhongtai International Securities
Joint Lead ManagersZhongtai International Securities, Livermore Holdings, SPDB International Capital, Valuable Capital
TIME TABLE
Application PeriodMar 28 (Sat) - Noon, Apr 6 (Mon)
Price Determination DateOn or Before 5pm, Apr 6 (Mon)
Result Announcement DateOn or Before Apr 14 (Tue)
Dispatch of Shares and Refund ChequesOn or Before Apr 14 (Tue)
Dealings in Shares commence onApr 15, 2020. (Wed)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
DIRECTORS
ExecutiveNg Kwang Hua (Chairman), Ng Chin Kee, Low Lay Choo
Independent Non-ExecutiveNg Kuan Hua, Ng Chee Hoong, Jiao Jie
MAJOR SHAREHOLDERS
Director Ng Kwang Hua33.75%
Director Ng Chin Kee33.75%
Director Low Lay Choo7.50%
INCOME STATEMENT (MYR'000)
(Year ended Mar 31)
2020 *20192018
Revenue74,488133,615115,462
Gross Profit47,28983,96067,900
Pre-Taxed Profit11,41129,49820,255
Attributable Profit for the period6,16820,64113,186
* For the six months ended September 30, 2019.
OFFER STATISTICS (HK$)
Offer Price$1.00 - $1.20
Capitalization$500m - $600m
Unaudited pro forma adj NAV / share$0.40 - $0.44
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $1.10, the net proceeds raised would be HK$102.7m, of which:
* $57.4m (55.9%) to expand the Group's retail network, through setting up 36 self-owned retail stores (which are intended to be wholly owned) in various parts of Malaysia;
* $10.4m (10.1%) to upgrade and renovate the Group's self-owned retail stores;
* $9.5m (9.3%) to promote recognition of the Group's 11 retail brands and to further develop and market the Group's Own Brands optical products;
* $11.3m (11.0%) to enhance the Group's production capabilities with regards to customised lenses by jointly developing an optical lab in Malaysia with an internationally renowned lens manufacturer for the production of customised lenses;
* $8.8m (8.6%) to upgrade the Group's information technology systems and enhance its operational efficiency by acquiring a RMS and upgrading its POS systems;
* the balance of $5.3m (5.1%) as additional working capital.
CHART
IPO NEWS
No related information.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
00125SUN HING VISIONunchange1.4500.0000.000%
00907ELEGANCEOPTICALdown1.470-0.050-3.289%
01120ARTS OPTICALunchange0.7800.0000.000%
01134KELFREDup2.1000.0401.942%
01942MOG HOLDINGSup0.9100.0202.247%
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
  Quote data is at least 15-min delayed,last updated: 13/04/2021 17:59
IPO Calculator
Name︰
--
--
--
Subscription --
Result Announcement --      Listing --
Offer Price︰--
Currency :
Listing Price
Board Lot :
Admission Fee*
:
Subscribing Lot :
Subscribing Fee :

Subscribing Amount :
*Admission fees include brokerage of 1%, SFC transaction levy of 0.003% and Stock Exchange trading fee of 0.005% (i.e. 1.008% in total).
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.