CTIB, associated company of MSM International, plans Malaysia IPO
CATALIST-LISTED metal engineering firm MSM International said on Monday that its associated company, CTIB or Cosmos Technology International Berhad, has submitted an application for a listing on the LEAP Market of Bursa Malaysia.
Malaysia's LEAP Market is an adviser-driven market targeted at helping emerging companies with fundraising. MSM International currently holds an effective interest of 40 per cent in CTIB.
The proposed listing is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of MSM International for the financial year ending March 31, 2020, it said.
MSM International shares last changed hands on Dec 20 at S$0.025.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Porsche posts Q1 profit drop on ramp-up costs