Prospectus Exposure - Skyworld Development Berhad
The prospectuses published here have not been registered with the SC under Section 232 of the Capital Markets and Services Act 2007 and is solely for the purpose of seeking comments from the public. THESE PROSPECTUSES SHOULD NOT BE USED FOR MAKING ANY INVESTMENT DECISION. Securities cannot be offered and application for securities cannot be accepted until the prospectus has been registered by the SC.
The SC shall not be liable for any non-disclosure on the part of the corporation and takes no responsibility for the contents of the prospectuses, makes no representation as to its accuracy or completeness and expressly disclaims any liability for any loss suffered arising from or in reliance upon the whole or any part of the contents of the prospectuses published here.
Details of prospectus
Company Name : SkyWorld Development Berhad (''SkyWorld')
Proposal Type and Board : Initial Public Offering (“IPO”) on the Main Market of Bursa Malaysia Securities Berhad 
Principal Adviser(s) : Kenanga Investment Bank Berhad
Principal Activity : SkyWorld is principally involved in investment holding, provision of management services to its subsidiaries and property development. The principal activities of its subsidiaries are mainly in property development, property investment, management services, treasury management, e­commerce business, and management consultancy services.
Shares to be issued/offered :

Initial public offering ("IPO") in conjunction with the listing of SkyWorld on the Main Market of Bursa Malaysia Securities Berhad comprising:

Public issue of 208,000,000 new ordinary shares in SkyWorld (''Shares"), in the following manner:

  • 50,000,000 IPO Shares available for application by the Malaysian Public;
  • 25,000,000 IPO Shares available for application by SkyWorld's eligible directors, key senior management, employees and persons who have contributed to the success of SkyWorld; and
  • 133,000,000 IPO Shares by way of private placement to institutional and selected investors,

Offer for sale of 192,000,000 existing Shares of SkyWorld in the following manner:

  • 150,000,000 existing Shares for private placement to Bumiputera investors approved by the Ministry of International Trade and Industry; and
  • 42,000,000 existing Shares for private placement to institutional and selected investors.
Date of Exposure : 5 December 2022
Download prospectus in separate files
  • Cover
  • Indicative Timetable
  • Table of Contents
  • Presentation of Financial and Other Information
  • Forward-Looking Statements
  • Definitions
  • Glossary of Technical Terms
(pdf - 423KB)
Corporate Directory (pdf - 140KB)
Approvals and Conditions  (pdf - 140KB)
Prospectus Summary (pdf - 310KB)
Details of Our IPO (pdf - 373KB)

Information on Our Promoters, Substantial Shareholders, Directors and Key Senior Management

(pdf - 511KB)
Information on Our Group (pdf - 486KB)
Business Overview (pdf - 1.39MB)
IMR Report (pdf - 506KB)
Risk Factors (pdf - 261KB)
Related Party Transactions (pdf - 266KB)
Conflict of Interest (pdf - 129KB)
Financial Information (pdf - 646KB)
Accountants' Report (pdf - 1.10MB)

Valuation Certificates

(pdf - 608KB)
Statutory and Other General Information (pdf - 219KB)

Summarised Procedures for Application and Acceptance

(pdf - 216KB)
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