After so loooong, finally this is happening ( I was waiting since last year Q2...)
This is the largest IPO this year, expected to raise about RM2.584bil from the issuance of 2.153 billion news shares.
Two interesting notes:
1) GuocoLand Limited from Singapore acquired a strategic 27% stake in Eco World's paid-up share capital. The owner of GuocolLand is Quek Leng Chan, the co-founder of Hone Leong Group.
2) Eco World signed cornerstone placement agreements with EPF, PNB and KWAP.