AMONG the biggest and most awaited initial public offerings (IPOs) this year, Leong Hup International Bhd is likely to be valued at around 16 times its forward earnings – significantly lower than the figure initially rumoured, according to sources.
Back in February 2017, when news that the company planned to make a comeback to Bursa Malaysia surfaced, there were reports that the company was looking to enter the market at close to 30 times forward earnings.
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