The Tokyo-based investment firm is expected to start the process to sell its stake this quarter. — Bloomberg
PETALING JAYA: Innovation Network Corp of Japan (INCJ) is reviving the sale of its 21% stake in Malaysian telecommunications tower company Edotco Group Sdn Bhd, people with knowledge of the matter say.
The Tokyo-based investment firm is expected to start the process to sell its stake this quarter, the people said, asking not to be identified discussing private information.
INCJ has contacted prospective investors including private-equity firms and family offices to gauge interest, the people said.
Meanwhile, Edotco is revisiting plans for an initial public offering (IPO) in Kuala Lumpur as soon as 2026, the people said.
It had been considering an IPO in 2018, Bloomberg News reported at the time.
Discussions are ongoing and plans may change, the people said.
Representatives for INCJ and Edotco declined to comment. — Bloomberg
