Leong Hup unperturbed by market volatility

Lau: As long as the population in Asean is still growing and the economy is improving, Leong Hup’s market will continue to increase in size.

PETALING JAYA: The largest initial public offering (IPO) in a couple of years is counting on its fundamentals and long-term business trajectory to counter the gyrations of the capital markets ahead of its listing tomorrow.

Leong Hup International Bhd, which aims to list at RM1.10 a share in an IPO valued at RM1.2bil, will be the largest IPO since Lotte Chemical Titan Holding Bhd. However, it is facing markets roiled by a ratcheting of trade war barbs between the United States and China.