Prolintas seeks to raise RM445.3mil from listing of highway business trust

AmInvestment Bank Bhd deputy chief executive officer Christopher Ng Kok Wai (left) Prolintas Managers Sdn Bhd chief executive officer Malik Parvez Ahmad Nazir Ahmad, Prolintas Group of Companies chairman Datuk Idris Kechot, Prolintas Managers chairman Datuk Ikmal Hijaz Hashim and Projek Lintasan Kota Holdings Sdn Bhd Group chief executive officer Datuk Mohammad Azlan Abdullah at the Prolintas IPO prospectus launch on Wednesday

KUALA LUMPUR: Highway operator Projek Lintasan Kota Holdings Sdn Bhd (Prolintas) aims to raise RM445.3 million via the initial public offering (IPO) of its highway business trust Prolintas Infra Business Trust (Prolintas Infra BT).

Prolintas Infra BT, which is en route to a listing on Bursa Malaysia’s Main Market on March 25, 2024, will be the nation’s first listed business trust.