Malaysia's Leong Hup to raise $291m from IPO in mid-May

Malaysia's Leong Hup to raise $291m from IPO in mid-May

Investors monitor stock prices in the trading gallery of the RHB Investment Bank headquarters in Kuala Lumpur, Malaysia, on Tuesday, August 25, 2015. Photographer: Sanjit Das/Bloomberg

Malaysian poultry producer Leong Hup is targeting raising as much as $291 million in a scaled-down IPO in mid-May, sources with knowledge of the matter said, in what would be the Southeast Asian nation’s largest listing in nearly two years.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter