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Bumi Armada $909m IPO set to storm Malaysia stock market

29 Jun 2011

Bumi Armada, the Malaysian oil and gas provider, started bookbuilding this week for an initial public offering that could raise the company as much as M$2.77bn ($909m), making it the country’s largest IPO so far this year. The books were already over five times covered when EuroWeek Asia went to press, according to a banker working on the deal.

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29 Jun 2011