Vincent Tan has done it again
Fri Oct 10, 2014 6:07 am
This is where the "Another Billion" has come from, more money for us to spend 
Business News
10th Oct 2014
Vincent Tan’s MOL lists on Nasdaq, eyes global presence
BY DAVID TAN
Vincent Tan's MOL shares, which were priced at US$12.50 for its IPO, closed at US$8.14 on the first trading day amid a weak broader market.
NEW YORK: MOL Global Inc, the first Malaysian company to be listed on the Nasdaq over the past 10 years, intends to expand its business presence to 100 countries from the 13 now.
Its majority shareholder Tan Sri Vincent Tan said on Thursday there were lot of opportunities for MOL to grow its e-payment solutions for online goods and services to grow globally.
Tan said MOL had a business model that required low start-up cost, requiring only five to 10 people to kick off the business.
Tan was speaking at the listing of MOL on the Nasdaq at the Nasdaq headquarters in New York.
For its initial public offering (IPO), MOL offered 13,500,000 American depositary shares (ADS), consisting of 7.48 million ADSs offered by the company and 6.01 million ADSs offered by certain selling shareholders of the company for US$12.50 per share.
Also present at the press conference was MOL chief executive officer Ganesh Kumar Bangah.
MOL shares closed at US$8.14 on the first trading day, amid a weak broader market.
Reuters reported Wall Street fell sharply overnight on global economy worries and effect on corporate earnings. The S&P 500 on Thursday posted its largest percentage decline in six months on concerns about the strength of the global economy and its effect on corporate earnings.
The Dow Jones industrial average ended down 334.97 points, or 1.97%, at 16,659.25; the S&P 500 dropped 40.68, or 2.07%, to 1,928.21, and the Nasdaq Composite fell 90.26, or 2.02%, to 4,378.34.
Business News
10th Oct 2014
Vincent Tan’s MOL lists on Nasdaq, eyes global presence
BY DAVID TAN
Vincent Tan's MOL shares, which were priced at US$12.50 for its IPO, closed at US$8.14 on the first trading day amid a weak broader market.
NEW YORK: MOL Global Inc, the first Malaysian company to be listed on the Nasdaq over the past 10 years, intends to expand its business presence to 100 countries from the 13 now.
Its majority shareholder Tan Sri Vincent Tan said on Thursday there were lot of opportunities for MOL to grow its e-payment solutions for online goods and services to grow globally.
Tan said MOL had a business model that required low start-up cost, requiring only five to 10 people to kick off the business.
Tan was speaking at the listing of MOL on the Nasdaq at the Nasdaq headquarters in New York.
For its initial public offering (IPO), MOL offered 13,500,000 American depositary shares (ADS), consisting of 7.48 million ADSs offered by the company and 6.01 million ADSs offered by certain selling shareholders of the company for US$12.50 per share.
Also present at the press conference was MOL chief executive officer Ganesh Kumar Bangah.
MOL shares closed at US$8.14 on the first trading day, amid a weak broader market.
Reuters reported Wall Street fell sharply overnight on global economy worries and effect on corporate earnings. The S&P 500 on Thursday posted its largest percentage decline in six months on concerns about the strength of the global economy and its effect on corporate earnings.
The Dow Jones industrial average ended down 334.97 points, or 1.97%, at 16,659.25; the S&P 500 dropped 40.68, or 2.07%, to 1,928.21, and the Nasdaq Composite fell 90.26, or 2.02%, to 4,378.34.
Re: Vincent Tan has done it again
Fri Oct 10, 2014 7:17 am
Igovernor wrote:This is where the "Another Billion" has come from, more money for us to spend
http://www.thestar.com.my/Business/Busi ... -presence/?
I doubt it, as it only raised $160 million
Re: Vincent Tan has done it again
Fri Oct 10, 2014 8:22 am
The problem is that the world has changed the meaning of a billion, where as before £1billion was a 1000 million now they say it is 100 million
Re: Vincent Tan has done it again
Fri Oct 10, 2014 8:45 am
Igovernor wrote:The problem is that the world has changed the meaning of a billion, where as before £1billion was a 1000 million now they say it is 100 million
I don't know what world you live in, but the one most of us live in, a billion pound is a thousand million
Re: Vincent Tan has done it again
Fri Oct 10, 2014 8:52 am
"For its initial public offering (IPO), MOL offered 13,500,000 American depositary shares (ADS), consisting of 7.48 million ADSs offered by the company and 6.01 million ADSs offered by certain selling shareholders of the company for US$12.50 per share."
7.48 million + 6.01 million = 13.49 million (on a 13.5 million IPO).
Reckon malky took the other .01 million as a backhander?
7.48 million + 6.01 million = 13.49 million (on a 13.5 million IPO).
Reckon malky took the other .01 million as a backhander?
Re: Vincent Tan has done it again
Fri Oct 10, 2014 8:58 am
Leytonstoneblue wrote:Igovernor wrote:The problem is that the world has changed the meaning of a billion, where as before £1billion was a 1000 million now they say it is 100 million
I don't know what world you live in, but the one most of us live in, a billion pound is a thousand million
I got it wrong, it used to be a billion was a million million, now it is a 1000 million, copied from the americans
http://www.theguardian.com/notesandquer ... 24,00.html