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).
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
