KLCC Property Holdings Bhd (KLCCP) launched its much-awaited initial public offering (IPO) yesterday, paving the way for the listing of a national landmark – the Petronas Twin Towers. The IPO itself is also a landmark for the capital market.
“It is the largest property IPO in Malaysia's corporate history,” said Datuk Nazir Razak, the chief executive of Commerce International Merchant Bankers Bhd (CIMB). “It is also the largest IPO for 2004 to date.”
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