Property developer Eco World International Bhd (EWI), which focuses on projects outside Malaysia, has set a target to raise RM2bil in its initial public offering (IPO) next year.
President and chief executive officer Datuk Teow Leong Seng said the company was in the process of submitting its IPO application to the Securities Commission, which it hopes can be finalised in the first half of next year.
The company, which will see Eco World Development Group Bhd taking up a 30% stake upon the listing, will use the proceeds mainly on its ongoing projects in London and Australia.
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President and chief executive officer Datuk Teow Leong Seng said the company was in the process of submitting its IPO application to the Securities Commission, which it hopes can be finalised in the first half of next year.
The company, which will see Eco World Development Group Bhd taking up a 30% stake upon the listing, will use the proceeds mainly on its ongoing projects in London and Australia.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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