Straits associate to file for HK IPO

HK stock exchange square

KUALA LUMPUR: Straits Inter Logistics Bhd said an associate company involved in the marine fuel logistics business is seeking a listing on the Hong Kong Stock Exchange.(pic)

Straits said its 38% associate firm Banle Energy International Ltd will undertake a restructuring exercise to prepare for the initial public offering (IPO).

The details of the proposed exercise including the corporate structure of Banle International Holdings Group (BIH) will only be determined at a later date closer to the launch of the prospectus of BIH and is subject to obtaining the relevant approvals..

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