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.