MALAYSIA's budget retailer Eco-Shop Marketing Sdn. and Loob Holding Sdn., which runs bubble tea chain Tealive, are aiming to go public next year as their private equity backer Creador Capital Group looks to build on its record of successful exits in the Southeast Asian country.
Eco-Shop is in the midst of finalizing its first-time share sale and is looking at listing in the second quarter of 2024, with Tealive scheduled for sometime in the final three months of next year, according to Creador Chief Executive Officer Brahmal Vasudevan.
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