THE two large initial public offerings (IPOs) slated for next year have two similarities. Not only are QSR Brands and Leong Hup International involved in the poultry business, they are also “recycled” flotations. These companies were once listed on Bursa Malaysia only to be privatised, reshaped and floated again.
Such exercises have their merits but the situation does beg the question: is Malaysia not producing any more new large companies keen to get listed?
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