PETALING JAYA: Malaysian Marine & Heavy Engineering Holdings Bhd’s (MMHE) initial public offering (IPO) could potentially raise between RM854.4mil and RM1.12bil, priced in the range of RM2.09 to RM2.76 a share.
According to an MIDF Research report, this was based on the industry price/earnings ratio (PER) band of 12 to 15.8 times to MMHE financial year 2010 earnings.
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