Gas Malaysia covers books for IPO
Gas Malaysia has already received enough demand to cover its MR734.5m ($235.2m) IPO after two days of bookbuilding, getting a strong bid from domestic accounts amid expectations that it will offer a chunky dividend yield.
The deal is taking the form of a full secondary share sell down by some of the companys shareholders, and launched last Friday (May 18), more than six months since the sellers delayed launching the deal after their first approach to the market.
But bankers said the wait
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