EWI positive on Brexit, stronger ringgit will benefit Malaysian firm

EWI chief executive officer Datuk Teow Leong Seng(pic) told a press conference here that the weakness of the pound could boost its IPO plans.

KUALA LUMPUR: Eco World International Bhd (EWI) sees opportunities arising from Britain’s decision to leave the European Union.

The company, which is privately held and en route to an initial public offering (IPO) this year, believed that one of the immediate opportunities arising from Brexit is the depreciation in the pound sterling.