Information contained in this IPO Centre is intended solely for your personal reference and is not intended to form the basis of any investment decision or any decision to purchase any securities or any decision to participate in the process. It does not constitute an offer or an invitation or solicitation or advice of an offer to subscribe or to purchase any securities. Such information is subject to change from time to time without notice and it may not contain all material information concerning MST Golf Group Berhad. The summary information in this IPO Centre was extracted from MST Golf Group Berhad's Prospectus dated 28 June 2023. You are advised to read MST Golf Group Berhad's Prospectus dated 28 June 2023 for the full information. Though due care was exercised in extracting information from the Prospectus, the information in the Prospectus shall prevail should there be any discrepancy in information between this section and the Prospectus.
All references to "our Company" or "MST Golf" are to MST Golf Group Berhad [Company No.: 199301009307 (264044-M)], references to "MST Golf Group" or "our Group" are to our Company and our Subsidiaries taken as a whole, and references to "we", "us", "our" and "ourselves" are to our Company and where the context otherwise requires, our Group.
The following abbreviations are used in this section:
| Act | Application for Issue Shares by way of Application Form, Electronic Share Application or Internet Share Application |
| Application | Application of our IPO Shares under the Retail Offering by way of Application Form, Electronic Share Application or Internet Share Application |
| Application Form(s) | Application form(s) for the application of our IPO Shares under the Retail Offering accompanying our Prospectus |
| ATM | Automated teller machine |
| Board or Board of Directors | Board of Directors of our Company |
| Bumiputera | In the context of: (i) individuals - Malays and the aborigines and the natives of Sabah and Sarawak as specified in the Federal Constitution of Malaysia; (ii) companies - a company which fulfils, among others, the following criteria or such other criteria as may be imposed by the MITI: (a) registered under the Act as a private company; (b) its shareholders are 100.00% Bumiputera; and (c) its board of directors (including its staff) are at least 51.00% Bumiputera; and (iii) cooperatives - a cooperative whose shareholders or cooperative members are at least 95.00% Bumiputera or such other criteria as may be imposed by the MITI |
| Electronic Share Application | Application for our IPO Shares under the Retail Offering through a Participating Financial Institution’s ATM |
| Eligible Persons | Collectively, our Independent Non-Executive Directors, employees of our Group and persons who have contributed to the success of our Group, who are eligible to participate in the Public Issue |
| FYE | Financial year ended or where the context otherwise requires, financial year ending 31 December |
| IMR Report | Independent market research report on the Independent Assessment of the Golf Equipment Industry prepared by Vital Factor as set out in Section 8 of our Prospectus |
| Initial Public Offering or IPO | Initial public offering, collectively, the Public Issue and the Offer for Sale |
| Institutional Offering | Offering of up to 178,600,000 IPO Shares at the IPO Price, subject to the clawback and reallocation provisions, to identified institutional and selected investors as well as Bumiputera investors approved by the MITI |
| Internet Participating Financial Institution(s) | Participating financial institution(s) for the Internet Share Application |
| Internet Share Application(s) | Application(s) for our IPO Shares under the Retail Offering through an Internet Participating Financial Institution |
| IPO Price | Issue/offer price of RM0.81 for each IPO Share |
| IPO Shares | Collectively, the Issue Shares and the Offer Shares |
| Issue Shares | 160,000,000 new MST Golf Shares to be issued by our Company pursuant to the Public Issue |
| Listing | Admission to the Official List and the listing and quotation of our entire enlarged issued share capital on the Main Market of Bursa Securities |
| LPD | 31 May 2023, being the latest practicable date prior to the registration of our Prospectus with the SC |
| Malaysian Public | Malaysian citizens, companies, co-operatives, societies and institutions incorporated or organised under the laws of Malaysia |
| MITI | Ministry of Investment, Trade and Industry, Malaysia (formerly known as Ministry of International Trade and Industry, Malaysia) |
| MST Golf or Company | MST Golf Group Berhad (formerly known as M S T Golf (Asia) Sdn Bhd) (Registration No.: 199301009307 (264044-M)) |
| MST Golf Group or Group | Collectively, MST Golf and its wholly-owned subsidiaries, namely MST Golf Malaysia, MST Golf Management, MST Golf Arena and MST Golf Singapore |
| MST Golf Shares or Shares | Ordinary shares of our Company |
| Offer for Sale | Offer for sale of up to 68,000,000 Offer Shares at the IPO Price by our Selling Shareholders |
| Offer Shares | Up to 68,000,000 existing MST Golf Shares to be offered for sale by the Selling Shareholders pursuant to the Offer for Sale |
| Official List | A list specifying all securities listed on Bursa Securities |
| Participating Financial Institution(s) | Participating financial institution(s) for the Electronic Share Application(s) |
| Pink Form Allocations | The allocation of 7,900,000 Issue Shares to the Eligible Persons pursuant to the Public Issue |
| Prospectus | Our Prospectus dated 28 June 2023 issued by our Company |
| Public Issue | Public issue of 160,000,000 Issue Shares at the IPO Price by our Company |
| Retail Offering | Offering of 49,400,000 Issue Shares at the IPO Price, subject to the clawback and reallocation provisions, to the Malaysian Public and Eligible Persons |
| SC | Securities Commission Malaysia |
| Selling Shareholders | Collectively, Ng Yap Sio, Low Kok Poh, Ng Lian Chun, Dato' Ng Lian Heng, Ng Kong Hook and Ng Lian Lu |
| Vital Factor or IMR | Vital Factor Consulting Sdn Bhd (Registration No.: 199301012059 (266797-T)), the independent business and market research consultants |
| RM and sen | Ringgit Malaysia and sen, respectively |
| Appointed distributor | An entity that is given the right by a brand owner and/or principal to sell its specified products and brand(s) in specified territories/countries to the appointed distributor’s customers for the purpose of resale as stipulated in an agreement |
| Appointed retailer | An entity that is given the right by a brand owner and/or principal to sell its specified products and/or brand/s in specified territories/countries directly to the appointed retailer’s end-user customers as stipulated in an agreement |
| Clubhead | Clubhead is a device attached to one end of a golf club and is designed to come into direct contact with the golf ball when hitting the golf ball |
| Driver | A type of golf club designed to drive the ball through long distances down the fairway towards a hole in a green. It is the longest golf club in a set, typically ranging between 45 or 46 inches with a large clubhead and volume between 440 cubic centimetres and 460 cubic centimetres |
| Fairway wood | A type of golf club designed to drive the ball through long distances. It has a smaller clubhead compared to a driver |
| Golf | A type of sports played on a large tract of land referred to as a golf course |
| Golf accessory | In the context of our Prospectus, it mainly refers to items and devices used by golf players when playing golf, but not including golf clubs, golf balls and golf apparel. Among others it includes golf footwear, gloves, tees, bags, trolley, GPS devices, umbrellas, towels and markers |
| Golf apparel | In the context of our Prospectus, it refers to men's, women's, junior's shirts, pants, shorts, innerwear, outerwear, headwear, arm gloves, casual shoes, socks, belts and eyewear used by players when playing golf |
| Golf club | The general term referring to the equipment used to hit the golf ball. It includes drivers, fairways, hybrids/utilities, irons, putters and wedges |
| Golf course | A large tract of land used for playing golf |
| Golf equipment | In the context of our Prospectus, it refers to golf clubs, golf balls and accessories and golf apparel |
| GPS | Global positioning system |
| Hybrid club | A type of golf club that is a cross between a fairway wood and an iron. It is designed to replace long and medium range irons as well as some woods |
| Iron | A type of golf club used to propel the ball towards a hole in the putting green. It is mostly for hitting the ball for shorter distances compared to a driver. The iron features shorter shafts and smaller clubheads compared to the driver. The clubhead is flat with an angled face and is made from solid iron or steel. A complete set of irons includes 3, 4, 5, 6, 7, 8 and 9 irons |
| Putter | A type of golf club designed to putt or "roll" the golf ball into a hole in the putting green |
| Shaft | In the context of our Prospectus, it refers to the part of a golf club between the grip and clubhead |
| SKU | Stock keeping unit which refers to a unique identifier for each distinct product that can be purchased |
| Wedge | A type of golf club that is designed for short shots near the green or for getting the golf ball out of sand bunkers or other hazards. The wedge is designed to achieve a high loft to get the golf ball towards the hole in the putting green |