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Investing is risky. You might not know what you'll earn, it could be hard to sell, you might own less, unexpected things can happen, and you could lose all your money.
Borneo Waste Industries Sdn Bhd
Borneo Waste Industries Sdn Bhd (BWI) is a waste management service provider based in Sabah, Malaysia. In April 2018, BWI executed a 30-year concession agreement to develop and operate the Integrated Waste Management Processing Plant (IWMPP) at the Kayu Madang Sanitary Landfill (KMSL), Sabah. BWI aims to recycle up to 90% of waste from the KMSL by processing up to 800 tonnes per day through environmentally sustainable technologies The ECF campaign is an opportunity to realise the value of this investment (or a portion thereof) through an offer for sale on a pro rata basis in a private placement exercise which is anticipated to occur within 12 months following the ECF campaign. The maximum target to be raised of RM2,999,986 for 6.7% equity in the company is based on a company valuation of RM42,023,516 for this ECF exercise. The company valuation based on a net present value of projected cashflows over the concession period is approximately RM100 million which values the 6.7% equity stake offered to ECF investors at RM6.7 million. In the event the offer for sale in the private private placement exercise does not materialise for whatever reason, investors will have the opportunity to participate in dividends which are expected to be declared in year 3 (or later) onwards of operations. The indicative return on investment based on a project free cash flow to the company is approximately 8 years. The project internal rate of return is approximately 29% based on company financial projections.
Borneo Waste Industries Sdn Bhd (BWI) is a waste management service provider based in Sabah, Malaysia. In April 2018, BWI executed a 30-year concession agreement to develop and operate the Integrated Waste Management Processing Plant (IWMPP) at the Kayu Madang Sanitary Landfill (KMSL), Sabah. BWI aims to recycle up to 90% of waste from the KMSL by processing up to 800 tonnes per day through environmentally sustainable technologies The ECF campaign is an opportunity to realise the value of this investment (or a portion thereof) through an offer for sale on a pro rata basis in a private placement exercise which is anticipated to occur within 12 months following the ECF campaign. The maximum target to be raised of RM2,999,986 for 6.7% equity in the company is based on a company valuation of RM42,023,516 for this ECF exercise. The company valuation based on a net present value of projected cashflows over the concession period is approximately RM100 million which values the 6.7% equity stake offered to ECF investors at RM6.7 million. In the event the offer for sale in the private private placement exercise does not materialise for whatever reason, investors will have the opportunity to participate in dividends which are expected to be declared in year 3 (or later) onwards of operations. The indicative return on investment based on a project free cash flow to the company is approximately 8 years. The project internal rate of return is approximately 29% based on company financial projections.
Business Information
Registered Name
BORNEO WASTE INDUSTRIES SDN. BHD.
Registration No.
201201039816 (1024294-T)
Business Address
Suite 10-1, Binjai, 8, Lorong Binjai, 50450 Kuala Lumpur
Find Us Online
MIN INVESTMENT
RM 1,900
MIN TARGET
RM 450,034
MAX TARGET
RM 2,999,986
SHARE TYPE
Ordinary Shares
SHARE PRICE
RM 38
VALUATION
RM 42,023,516
The aspirations of the project are threefold: economic, environmental and social sustainability.
BWI aims to maximise the recovery of incoming waste into the landfill, to enhance the market for intermediary materials and set a precedent for economically viable waste management projects in Sabah. Other aspirations include prolonging the lifespan of the KMSL as well as managing leachate generation in a sustainable manner.
Project Objectives
Current KMSL conditions have created a negative social impact in the form of illegal scavenging activities, foul odour and rodent infestation. BWI will transform the KMSL into a recycling centre, with the aim of alleviating the negative social impacts on the local communities in Sabah.
BWI aims to design, build, finance and operate an Integrated Waste Management Processing Plant (IWMPP) around the theme of environmental sustainability by implementing the following:
The IWMPP will sort the waste at KMSL and subsequently process these waste with environmentally sustainable technologies to produce useful intermediary products for various industries.
Long-term employment opportunities will be created throughout the 30-year lifespan of the project.
With its own manufacturing facilities and established business partnerships, BWI will be producing the following products:
The Sale of:
We will be selling to long term customers globally (recyclers, power purchasers, horticulturists, etc) or through the open market in Malaysia & Asia.
The overall implementation of the project is divided into two main phases as detailed below:
The IWMPP will be developed over a period of 4 years, from 2020 to 2024 IWMPP Phase 1 IWMPP Phase 2
BWI executed a 30-year concession agreement with DBKK to develop and operate the IWMPP at the KMSL from April 2018 to April 2048.
Funds will be used for pre-operating expenses, working capital, repayments, professional fees and site preparation costs.
Founder & CEO
Technical Director
Project Director
Administrative & Finance Manager
Corporate Relations Director
Financial Planner
Ordinary Shares
The Issuer intends to raise up to RM 2,999,986 in this fundraising exercise.
RM 450,034
RM 2,999,986
RM 38 per share
11,843 shares
78,947 shares
RM 1,900
Retail, Angel, Sophisticated, and/or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets.
Dividend Term
In the event the offer for sale in the private private placement exercise does not materialise for whatever reason, investors will have the opportunity to participate in dividends which are expected to be declared in year 3 (or later) onwards of operations.
Funds will be used for pre-operating expenses, working capital, repayments, professional fees and site preparation costs.
14 working days after the end of the Fundraising Period.
An Investment Agreement (with an Annexed Partnership Deed) for the subscription of ordinary shares and subject to review if required or necessary, the procedure may be amended by the Issuer and the ECF Platform.
The information, calculations and remarks expressed on this term sheet or on any other part of the platform are based on information provided, disclosed and presented by Borneo Waste Industries Sdn Bhd to Ata Plus Sdn Bhd, either in part or in whole. Ata Plus disclaims responsibility for the accuracy, completeness and/or validity of these information, and hence will not be held liable for any inaccurate, inappropriate or incomplete information presented on this term sheet or on any other part of the platform subject to the following:
The financial information listed on the deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalisation table, the term sheet, and management accounts.
The financial forecasts and projections have been prepared by the issuer based on information that may not have been reviewed and certified by an independent certified accountant for its reasonableness.
THE ISSUER agrees that; all information concerning the product, business and the assets of THE ISSUER that have been furnished to Ata Plus Sdn Bhd for the purpose of the equity crowdfunding campaign is true, complete, and accurate in all material respects and is not misleading or deceptive whether by inclusion or omission.
Should the Investor require more information, they can do so by contacting Borneo Waste Industries Sdn Bhd directly at info@borneowasteindustries.com.
(i) No shares will be alotted or issued based on this document after six months from the closing of the offer period
(ii) This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007
(iii) This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.
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RM 649,774.45
of RM 450,034
Min Target
RM 450,034
Max Target
RM 2,999,986
Business Information
Registered Name
BORNEO WASTE INDUSTRIES SDN. BHD.
Registration No.
201201039816 (1024294-T)
Business Address
Suite 10-1, Binjai, 8, Lorong Binjai, 50450 Kuala Lumpur
Find Us Online
Investing in equity crowdfunding involves certain risks that include uncertainty of returns, lack of liquidity, dilution, material events and lack of control. Investments should be done as part of a diversified portfolio. ATA PLUS offers investment opportunities to investors who understands these risks in making their own investment decisions.
PLEASE READ THE FULL RISK WARNING BEFORE DECIDING TO INVEST.
This page is approved as a financial promotion by ATA PLUS Sdn. Bhd., which is authorized and regulated by the Security Commission of Malaysia. Deals that are up for investment are only offered to members of ata-plus.com on the basis of information provided by the companies concerned. ATA PLUS takes no responsibility for this information or for any recommendations or opinions made by the companies. For further information on this, please read our Term of Use.
RM 649,774.45
of RM 450,034
Min Target
RM 450,034
Max Target
RM 2,999,986
Min Investment
RM 1,900