<article>Malaysia&#8217;s Securities Commission (SC) has approved <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Malakoff">Malakoff</a> Corp Bhd&#8217;s application for re-listing, on the Main Market of Bursa Malaysia.</article>

Malaysia&#8217;s Securities Commission (SC) has approved <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Malakoff">Malakoff</a> Corp Bhd&#8217;s application for re-listing, on the Main Market of Bursa Malaysia.
<a style="color: #000080;" href="http://www.mmc.com.my/" target="_blank">MMC Corp Bhd</a> owns 51% stake in Malakoff.
Post the proposed listing, MMC’s stake in Malakoff would be reduced to 49 per cent, assuming the over-allotted shares are fully subscribed to by non-Bumiputra Malaysian, foreign institutional and selected investors.
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In a filing with the stock exchange, the company said that the planned initial public offering (IPO) would involve an offer for sale of 521.74 million shares, or 10.4 per cent of the enlarged share capital.
About 4.8 per cent of Malakoff’s paid-up capital, 242 million shares, has been set aside for the retail offering.
The IPO also includes a public issue of one billion new shares, of which at least 12.5 per cent is to be allocated to bumiputra (native) investors. This portion includes the shares offered under the balloted public offer portion.
The rest of the IPO shares will be sold via an institutional offering. The prices are to be set later.
MMC has a 22.4 per cent direct equity interest in Malakoff and a 28.6 per cent indirect equity interest through Anglo-Oriental (Annuities) Sdn Bhd.
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Malaysia's Securities Commission (SC) has approved Malakoff Corp Bhd's application for re-listing, on the Main Market of Bursa Malaysia.

Malaysia's Malakoff gets SC's approval to re-list

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Malaysia's Malakoff gets SC's approval to re-list

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