Cuckoo International cuts IPO price

SINGAPORE: Household goods maker Cuckoo International has reduced its Malaysian initial public offering (IPO) price by 16.3% to RM1.08 a share from RM1.29, a stock exchange filing showed yesterday.

That would reduce the size of its IPO to about RM394mil from around RM471mil. Cuckoo International in April postponed the listing by two months citing global market volatility.

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