Astro expects RM2bil from IPO


  • Business
  • Saturday, 27 Sep 2003

Astro All Asia Networks plc, to be listed on the KLSE in a month’s time, will emerge as Malaysia’s largest cross-media company with a market capitalisation of RM6.5bil to RM8bil. 

The country’s largest initial public offering (IPO) this year, it is expected to be among the top five largest equity offerings in Asia. The company expects to raise between RM1.71bil and RM2.14bil. 

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