Malakoff's IPO indicative at MYR1.80 max, to raise up to $756m

Malakoff's IPO indicative at MYR1.80 max, to raise up to $756m

Malakoff launched its prospectus on April 17, gearing up for its listing on May 15. Image from Malakoff.

Malakoff Corporation Bhd, the largest independent power producer (IPP) in Southeast Asia, will be offering up to 1.52 billion shares at the Malaysian stock market in less than a month, at a maximum indicative price of MYR1.80 per share.

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