Eco World investing in RM1.87bil SPAC, eyes venture outside M'sia


CIMB Research has Eco World and LBS as among its top picks.

PETALING JAYA: Tan Sri Liew Kee Sin and his associates are planning the first property special purpose acquisition company (SPAC) to be listed on the Main Market of Bursa Malaysia to raise some RM1.87bil.

It is a record of sorts because not only is it the first property SPAC to be listed on Bursa, it is also the biggest in terms of funds raised after Reach Energy Bhd’s RM1bil initial public offering in August this year.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Eco World Development Bhd , 8206

Next In Business News

Trading ideas: PetGas, Gas Malaysia, SD Guthrie, TRC, Nationgate, Resintech, Tanco, UOA REIT, Ekovest
Unlocking billion-dollar potential for coconuts
The long game behind Malaysia’s 5G network
Auto sector outlook brightens amid stronger 4Q momentum
Building momentum across sectors
More room for property boom
Vietnam launches pilot agriculture traceability system
Target faces activist investor pressure amid sales decline
If I were an oil palm fruit bunch
Malaysia’s 2025 exports hit RM1.45 trillion as of November

Others Also Read