PETALING JAYA: After aborting its controversial initial public offering (IPO), Ranhill Energy and Resources Bhd is heading to a listing on Bursa Malaysia via a reverse takeover (RTO) of Symphony House Bhd.
The proposed takeover of the business process outsourcing (BPO) company will first see current controlling shareholder Tan Sri Azman Yahya buying over the businesses of Symphony, leaving a listed shell for Ranhill to buy over, sources said.
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