Sunway Construction fixes institutional price at RM1.20

KUALA LUMPUR: The institutional price of Sunway Construction Group Bhd’s (SCG) initial public offering has been fixed at RM1.20 per 20 sen share, equal to the earlier-set retail price.

SCG, which is expected to be relisted on July 28, is offering for sale of up to 398.705 million shares, of which up to 327.6 million will be under the institutional offering, and an over-allotment option of up to 59.8 million shares.