Sub-sea cable firm OMSG mulls RM1.34bil IPO


At RM1.34bil, the initial public offering would be Malaysia’s biggest in over a year, after MR DIY Group Bhd’s RM1.62bil listing in October 2020, according to data compiled by Bloomberg.

SINGAPORE: OMS Group Sdn Bhd (OMSG), a company that installs cable underwater, is weighing a listing in Kuala Lumpur next year that could raise RM1.34bil, according to sources.

The company is working with financial advisers on the planned first-time share sale, said the sources.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
OMS Group , under-sea cable , IPO , OMSG , MR DIY

Next In Business News

Hume Cement divests concrete subsidiary to YTL Cement Sarawak for RM215mil
RHB Islamic targets RM5bil with sukuk programme
Xpeng in negotiations to partner with EPMB for EV production in Malaysia
Orkim draws EPF, KWAP, Prudential as substantial shareholders
Industronics unit to acquire Melaka retail property for RM5mil
Ringgit continues to soar, hitting 4.09 vs US dollar, the highest since April 2021
Khee San’s rights issue 80.25% subscribed, raises RM77.12mil
AWC wins RM42.3mil subcontract for data centre
Yinson raises RM1.18bil via dual-tranche sukuk issuance
Econpile secures RM66.4mil condo project in KL

Others Also Read