The Business Times
business-time-50

Malaysia developer Eco World Int'l begins IPO process, may list in April

google-preferred-sourceAdd BT as a preferred source
Published Mon, Feb 20, 2017 · 09:50 PM

Kuala Lumpur

PROPERTY developer Eco World International Bhd (EWI) has kicked off the process of initial public offering (IPO) with the signing of three agreements, including a share subscription deal with GuocoLand to take up 27 per cent of its enlarged paid-up capital.

Targeted to raise over RM2 billion (S$636 million), EWI's IPO appears set to be the largest in Malaysia this year, attracting participation from nearly all the local banks. The company is expected to list on the mainboard of Bursa Malaysia in April.

TRENDING NOW

The new vehicles will comprise a mix of fully electric and hybrid models, including the BYD Seal 6 DM-i.

ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet

StarHub’s H1 Ebitda – excluding Ensign, a cybersecurity joint venture with Temasek – fell 23.8% for the period ended Jun 30.

Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts

Sats posted a S$75.1 million net profit for Q1, up 6% from S$70.9 million in the same year-ago period.

Sats slides 13.6% as investors dump shares on profit-margin squeeze

Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

When every phone becomes a satellite phone, what happens to Asia’s telcos?

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More