Johor Group Plantations aims to go public in 3Q

From left: Affin Hwang Investment Bank Bhd CFO Ahmad Gazzara Czillich, RHB Banking Group managing director of group wholesale banking Datuk Fad'l Mohamed, RHB Investment Bank head of group capital markets & advisory Jaimie Sia Zui Keng, Johor Plantations Group managing director Mohd Faris Adli Shukery, Johor Plantations non-independent non-executive chairman Tan Sri Dr. Ismail Bakar, AmInvestment Bank Bhd deputy CEO Christopher Ng Kok Wai and CIMB Investment Bank Bhd equity capital markets & syndicate head Maznee Kamaruddin.

PETALING JAYA: Johor Plantations Group Bhd (JPG) is aiming to list on the Main Market of Bursa Malaysia in the third quarter of this year.

In a statement, the upstream plantation group formerly known as Johor Plantations Bhd and wholly owned subsidiary of Kulim (M) Bhd, said its initial public offering will entail an issuance of 464 million new shares and an offer for sale of up to 411 million existing shares in the company.