Malaysian timber firm Jawala launches IPO

It expects proceeds worth $4m to go into plantation development.

Sabah-based timber company Jawala is targeting $4m (RM 13.3m) of proceeds through opening its initial public offering (IPO) of 18,000,000 shares on the Singapore Exchange Securities (SGX). It also aims to join SGX's Catalist Board.

The sustainable forest resource company offers $0.25 for each share. They are looking into commencing a new site to plant trees by the third quarter of 2018 and to further their working capital through the IPO sales.

Based on its issue price, Jawala expects its post-IPO market capitalisation to be approximately $29.6m (RM 87m). The invitation opens on 25 May and will close at 12.00 noon on 30 May. Jawala’s shares will commence trading on 1 June.

Jawala is the first Malaysian forest resource company to list in Singapore. Its plantation is located within Sapulut Forest Reserve in Sabah.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia