Minister in the Prime Minister
KUALA LUMPUR: Malaysia’s largest independent power producer Malakoff Corp Bhd, which is making a comeback to Bursa Malaysia on May 15, has priced its initial public offering (IPO) at RM1.80 a share, valuing the company at RM9bil.
This values the company, which was delisted in 2007, at 20 times its projected net profit of RM454mil for its financial year ending 2015 based on consensus estimates.
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