Boustead Plantations IPO prospectus on May 27, targets June listing

PETALING JAYA: Boustead Plantations Bhd will launch its initial public offering (IPO) next week, amid a recent slump in crude palm oil (CPO) prices that may dampen investor demand for the oil palm grower.

According to term sheets sighted by StarBiz, Boustead Plantations is targeting a listing on Bursa Malaysia on June 26. The company will issue its prospectus on May 27.

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Business , Boustead Plantations Bhd , IPO , palm oil , listing , raise RM1.05bil , oil palm

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