Malaysia's Farm Fresh aims to raise RM1b in IPO
Its listing is country's largest since June 2021; CEO says brand will try to establish stronger presence in Singapore
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
MALAYSIAN dairy producer Farm Fresh aims to raise RM1 billion (S$323.3 million) from its initial public offering (IPO) in March, which will be the largest listing in the country since June 2021.
The IPO involves an offer for sale of up to 520.2 million existing shares and a public issue of 223 million new shares, based on the initial retail price of RM1.35 per share.
After the listing on Bursa Malaysia's main market on March 22, Farm Fresh is expected to have a market capitalisation of RM2.5 billion, its top executives said at the IPO prospectus launch on Monday (Feb 28).
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
