Expansion mode: (from left): Eco World president and CEO Datuk Chang Khim Wah, Liew, Teow and Tian Xiong at the press briefing. EWI is in the process of submitting its IPO application to the Securities Commission.
KUALA LUMPUR: Property developer Eco World International Bhd
(EWI), which focuses on projects outside Malaysia, has set a target to raise RM2bil in its initial public offering (IPO) next year.
President and chief executive officer Datuk Teow Leong Seng said the company was in the process of submitting its IPO application to the Securities Commission, which it hopes can be finalised in the first half of next year.
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