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Samling planning RM1b IPO of its automotive operations: sources

It is working with advisers to explore a possible dual listing in KL and S'pore later this year, they add

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The share sale could include Samling’s domestic car dealership division as well as operations under StarChase, a luxury auto distributor backed by the group’s controlling Yaw family.

Kuala Lumpur

SAMLING Group, the Malaysian timber giant, is planning an initial public offering (IPO) of its automotive operations that could raise more than RM1 billion (S$330 million), people with knowledge of the matter said.

Samling is working...

sentifi.com

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