皇冠网址《zhi》appwww.hg108.vip)是《shi》一个开放【fang】皇冠官{guan}方网址代理 li[APP下载、皇冠官方网址会员(yuan)APP下『xia』载、皇冠「guan」官(guan)方网〖wang〗址「zhi」线路APP下载、皇‘huang’冠官(guan)方网址登{deng}录APP下载的官「guan」方平《ping》台。皇『huang』冠【guan】体育官方网址{zhi}APP上 shang[最 zui[新登录线路、新2皇冠官〖guan〗方网址更新最快。皇冠{guan}体育【yu】网址APP开「kai」放皇冠官方会员注册、皇冠 guan[官方代理开户「hu」等(deng)业务。

,The investment arm of the Johor state government is asking bankers for pitches for the potential listing of Kulim Malaysia Bhd, and is targeting a valuation of around US$1bil (RM4.4bil) for the unit, the people said. An IPO in Kuala Lumpur could happen as early as next year, The Kulim listing would come as a three-year rally in crude palm oil prices has begun to sputter, falling from its peak in March as Indonesia ramps up exports.

PETALING JAYA: Malaysia’s state-owned investment firm Johor Corp could seek to raise about RM1bil in an initial public offering (IPO) of its plantation unit, according to people with knowledge of the matter.

The investment arm of the Johor state government is asking bankers for pitches for the potential listing of Kulim Malaysia Bhd, and is targeting a valuation of around US$1bil (RM4.4bil) for the unit, the people said.

An IPO in Kuala Lumpur could happen as early as next year, said the people, who asked not to be identified as the process is private.

The Kulim listing would come as a three-year rally in crude palm oil prices has begun to sputter, falling from its peak in March as Indonesia ramps up exports.

Deliberations are ongoing and details of the IPO such as size and timing could change, the people said. Johor Corp is continuously reviewing its investments, and is committed to improving the value proposition of Kulim, said Hasnina Hafiz, head of group corporate communications, in response to a query from Bloomberg News.

Should Johor Corp proceed with the plan, Kulim will be joining Malaysia IPO candidates including Weststar Aviation Services’ helicopter services unit and QSR Brands (M) Holdings Bhd, which runs KFC and Pizza Hut restaurants in South-East Asia.

Malaysia hosted US$408mil (RM1.8bil) worth of IPOs so far this year, up from US$130mil (RM572mil) in the same period in 2021, data compiled by Bloomberg showed.

Kulim traces its roots to 1933 when Kulim Rubber Plantations Ltd was incorporated in the United Kingdom, according to its website.

It was listed on the the Kuala Lumpur stock exchange in 1975 and Johor Corp became a major shareholder of Kulim a year later. The state-owned firm took Kulim private in 2016.

The agricultural company has 55,796 ha of planted areas with oil palm trees in Malaysia and 7,362 ha in Indonesia, the website showed. Along with plantation, Kulim’s core business areas are fruit and vegetable farming, livestock and trading and services.

Meanwhile, Carsome Group, which operates a South-East Asian used-car online marketplace, is delaying its dual listing plans in Singapore and the United States on concerns that deteriorating macroeconomic conditions could dent its valuation, according to people with knowledge of the matter.

Malaysia’s most valuable technology startup has halted work on the planned offerings that were set for this year, the people said.

usdt收款平台声明:该文看法仅代表作者自己,与本平台无关。转载请注明:皇冠网址app(www.hg108.vip)_Malaysia state firm mulling relisting of palm oil arm
评论关闭

分享到:

新2网址大全(www.hg108.vip)_Nearly 1 in 5 adults who had COVID have lingering symptoms