KUALA LUMPUR: The Weststar Group is considering an initial public offering of its helicopter services unit in Kuala Lumpur to raise at least $300 million, according to people with knowledge of the matter.
The conglomerate, controlled by Malaysian businessman Syed Azman Syed Ibrahim, has held initial talks with advisers on the listing of Weststar Aviation Services Sdn., which could happen as soon as next year, said the people, who asked not to be identified as the process is private.
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