Leong Hup targeted to raise up to RM1.2bil from its IPO that includes an offer for sale of shares held by existing shareholders and the issuance of new stocks.
PETALING JAYA: Poultry player Leong Hup International Bhd
has set the maximum price for its upcoming initial public offering (IPO) at RM1.10 per share, according to Bloomberg.
The newswire noted that at that price, the exercise could raise about US$250mil (RM1.03bil), which would make Leong Hup’s IPO the largest since Lotte Chemical Titan Holding Bhd’s listing in July 2017.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
