Sunday, April 24, 2011

Focus Lumber Berhad

I applied for this Bursa mainboard IPO last week, at offer price of 60 sen per share, par value of 50 sen. The Sabah-based company (its bosses are mainly Taiwanese nationals residing in Sabah) exports plywood and veneer finished products to USA's recreational vehicles industry, amongst its export destinations. It was over-subscribed by close to 64 times so i don't think that i will get it unless i'm exceptionally lucky. Keep my fingers crossed. Allotment on 26th April and listing on 28th April.

Post-Blog Note: I didn't get any. On listing day, Focus Lumber Berhad (FLBHD) went up to as high as RM1.20.

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