Malakoff’s Tanjung Bin power plant. The company is currently Malaysia’s largest independent power producer.
KUALA LUMPUR: Malakoff Corp Bhd, Malaysia’s largest independent power producer, will start taking orders on April 17 for its RM2.74bil initial public offering (IPO), people with knowledge of the share sale said.
Malaysia’s biggest IPO so far in a year of few deals comes as companies more susceptible to significant volatility in energy prices and the ringgit opt against embarking on IPOs, for fear the volatility could lead to their firms being valued less.
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