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Malakoff sets tight price range for IPO: sources

Top end of range values the offering at RM2.74b, the largest in Malaysia in almost 3 years
Friday, April 17, 2015 - 05:50
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Top end of range values the offering at RM2.74b, the largest in Malaysia in almost 3 years

Kuala Lumpur

MALAKOFF Corporation Bhd, Malaysia's largest independent power firm, has set a tight bookbuilding range for its initial public offering, two people with direct knowledge of the process said, with solid support from domestic cornerstone investors.

The top end of the