Found this great little deal calculator http://www.zdnetasia.com/downloa...
1 hour 51 minutes ago by winstoncranford on topsyZDNet is available in the following editions:
Finance Minister Tun Daim Zainuddin said Tuesday that the Kumpulan Wang Amanah Pencen (Pension Fund) became the sub-underwriter for Time dotcom Bhd's initial public offering as it expected the shares to be oversubscribed.
They (Pension Fund) expected the shares to be oversubscribed, he told reporters after visiting the Employees Provident Fund (EPF) here today.
Daim was asked why the Pension Fund made a substantial investment in Time dotCom where it currently holds about a 10.82 percent stake in the company.
The company's IPO of 572 million shares were subscribed by only 25 percent upon balloting while its shares opened dismally on the Main Board at RM2.50 or a 80 sen discount over its offer price of RM3.30.
Time dotCom's shares traded at RM2.06, up two sen at about 2.49 pm from yesterday.
Apart from the Pension Fund itself, Pengurusan Danaharta Nasional Bhd had also purchased the unsubscribed shares of Time dotCOm at an issue price of RM3.30 a share under a similar agreement.
In addition, the EPF is also holding 81.8 million shares or 3.22 percent of the equity interest in Time dotCom but this was via the investments made prior to the listing of the company on March 12, 2001.
In 1996, EPF had given Time Telecommunications Holdings Bhd (subsequently renamed Time dotCom), the telecommunication arm of Time Engineering Bhd, a RM500 million short-term loan at an interest rate of nine percent.
Under Time Engineering's corporate restructuring, EPF had agreed to the proposal to repay half of the loans in cash and the balance through Time dotCom's shares at RM3.30 apiece.
Found this great little deal calculator http://www.zdnetasia.com/downloa...
1 hour 51 minutes ago by winstoncranford on topsyRT @mistertechblog: I wrote about Nexus One and Touchdown, desktop dock, Bluetooth/USB tethering, ebooks here: http://bit.ly/bRdzx0
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Proactol
Very good explanation of JMX
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