Report: Leong Hup to be valued at 15 times PE

Listing soon: Leong Hup

PETALING JAYA: The country’s largest poultry player Leong Hup International Bhd, which is set to make a comeback to Bursa Malaysia, has been valued at 15 times price-to-earnings (PE), according to a news report.

According to the Nikkei report, Leong Hup has managed to secure funding commitment from 10 cornerstone investors including the likes of the Employees Provident Fund (EPF), ahead of its initial public offering (IPO) to raise up to US$400mil (RM1.65bil).