Ranhill IPO delayed over documentation
The IPO of Ranhill Energy and Resources MR730m ($230m) did not launch on schedule on Friday, after the Malaysian stock exchange asked for additional documentation, according to a banker close to the deal.
As a result, the company has taken down all documents regarding the IPO from its website.
But in spite of the postponement, a banker close to the deal said he is not worried about the deal.
“It’s just a slight delay and I expect approval from Bursa Malaysia
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