<article><a href="http://www.malakoff.com/" target="_blank">Malakoff Bhd </a>has submitted its application to the Securities Commission (SC) for its proposed re-listing on Bursa Malaysia’s Main Market.</article>

<a href="http://www.malakoff.com/" target="_blank">Malakoff Bhd </a>has submitted its application to the Securities Commission (SC) for its proposed re-listing on Bursa Malaysia’s Main Market.
The proposed initial public offering (IPO) will involved the sale of up to 1.52 billion shares or 30.4 per cent of the enlarged paid-up share capital of the company at a price to be determined later.
The institutional offering for the IPO would be up to 1.279 billion shares.
Malakoff’s investment bank, <a href="https://www.maybank-ib.com/" target="_blank">Maybank Investment Bank Bhd</a>, said it had submitted the proposals to the SC and Ministry of International Trade and Industry.
Malakoff has also submitted the application to the SC’s equity compliance units pursuant to the equity requirement for public companies for the proposed IPO.
It has also submitted the application to the Syariah advisory council of SC in relation to the classification of Malakoff shares as Syariah-compliant securities in conjunction with the proposed listing.
Malakoff is the leading independent power producer in Malaysia with an effective capacity of 5,350 MW comprising of six power plants that run on oil, coal and gas.
MMC Corp Bhd, which owns 51 per cent of Malakoff, has a total cost of investment of MYR2.05 billion ($580 million) in the company.
MMC Corp took Malakoff private in 2007.

Malakoff to re-list, submits proposal to SC

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Malakoff to re-list, submits proposal to SC

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