Grand start for Malaysia's biggest IPO

It’s a deal: (from left) Alliance Investment Bank Bhd senior VP Andrew Yaw, AmInvestment Bank Bhd CEO Raja Teh Maimunah Raja Abdul Aziz, Eco World International Bhd president and CEO Datuk Teow Leong Seng, CIMB Investment Bank Bhd CEO Datuk Kong Sooi Lin, Eco World International Bhd executive vice chairman Tan Sri Liew Kee Sin, Maybank Investment Bank Bhd CEO Datuk John Chong Eng Chuan, GuocoLand Ltd group president and CEO Raymond Choong, Hong Leong Investment Bank Bhd group MD and CEO Lee Jim Leng and RHB Investment Bank Bhd executive director Jaimie Sia at Eco World International’s signing ceremony in conjunction with its IPO.

KUALA LUMPUR: Eco World International Bhd (EWI), which is slated to be Malaysia’s biggest listing this year, could not have gotten off to a better start.

The property developer secured two of the country’s biggest institutional funds - the Employees Provident Fund (EPF) and Permodalan Nasional Bhd (PNB) - as its cornerstone investors.