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.

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