Matrix Capacity plans RM1bil IPO on Bursa Malaysia


KUALA LUMPUR: Matrix Capacity Petroleum Bhd, a shell company set up to buy energy assets, plans to list shares on Bursa Malaysia in a deal that two financial sources said could raise up to RM1bil in the second half of this year.

The share sale could mark the country’s biggest ever listing by a vehicle with no assets, set up to buy corporations that will be later folded into the business.

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