Malakoff set to make a comeback

A file picture shows Malakoff’s Tanjung Bin coal-fired power plant in Johor.

THE country’s largest independent power producer (IPP) Malakoff Corp Bhd is back to delight investors, at least for some who have been waiting for its return. After all, Malakoff will likely be the largest initial public offering (IPO) in Malaysia this year.

Sources say Malakoff has priced its IPO slightly lower than its full value.