“On the whole, we believe that our strong fundamentals, unique business model, and leading position in the high-growth online advertising industry will appeal to fundamental investors,” continued Phang.
The online advertising market in Malaysia is projected to grow from RM32.2 million in 2007 to RM269.5 million in 2012, translating to a compounded annual growth rate of 52%. Comparatively, the overall advertising market in Malaysia charted approximately 15% growth in 2007.
In line with these promising prospects, the Group is proposing a tax-exempt dividend of 1 sen per share in FY2008, which translates to a dividend yield of 3.46%, based on the theoretical ex-bonus price of RM0.289 per share.
Innity is reputed to be the market leader in Malaysia’s online advertising market, commanding 42% market share in 2006.
The Group has served more than 190 advertisers of leading brand names to date, and executed over 800 advertising campaigns for local and global clientele from various sectors including telecommunications, automobile, food and beverage, consumer electronics, and healthcare.
Innity’s listing exercise entails a Rights Issue of 20 million new ordinary shares to the existing shareholders at RM0.10 per share, followed by a Public Issue of 17 million new ordinary shares at RM0.55 per share. Of the 17 million shares, 2.75 million shares would be made available to the public, 4.25 million shares to eligible Directors, employees of the Group and persons who have contributed to the success of the Group, and 10 million shares to selected investors by way of private placement.
The Rights Issue and Public Issue are expected to raise RM11.35 million in proceeds, of which RM4.5 million will be allocated for R&D expenditure, RM2.85 million for working capital, RM1.0 million for marketing expenditure and RM1.5 million for the setting up of new regional offices, while the remaining RM1.5 million would be to defray the listing expenses.
The private placement portion of 10 million shares have been fully placed out by RHB Investment Bank Berhad, the financial adviser, underwriter, placement agent and sponsor for
Innity’s IPO.
The application period for Innity’s IPO will close on 18 June 2008 at 5.00 p.m
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Innity is a leading full-service online advertising solutions provider, offering end-to-end online advertising solutions to local and regional clients. A pioneer in the industry in Malaysia, Innity has one of the most comprehensive and largest online advertising networks in South East Asia spanning over 200 top-rated websites, including major newspaper portals, and premier sites in the automotive, technology, business, lifestyle, and entertainment channels.
Headquartered in Malaysia, the Group has established presence in Singapore as well as in Ho Chi Minh and Hanoi in Vietnam.
To date, Innity has executed more than 800 campaigns for local, regional and international clients, comprising market leaders in various sectors including telecommunications, automobile, food and beverage, consumer electronics, and healthcare.
View Innity FACT SHEET 
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1. ATM machine: Choose “PAYMENT”, then “SHARE APPLICATION”, then “ESA” (Electronic Share Application). Remember to key-in your CDS account number correctly.
Innity Corporation Berhads' share number is MIDF 623.
Note: The steps above may vary across different banks, but you will need to look for “SHARE APPLICATION” and “ESA”.
2. Online application: This service only applicable to subscribers of Maybank2U, RHB, CIMB, remisiers or stockbroking houses' online service.
3. White form: Obtainable at MIDF and stockbroking houses.
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