Eco World lays foundation for $500m IPO

By John Loh
26 Feb 2016

Eco World International, which dropped plans for a special purpose acquisition company IPO in 2015, is seeking to raise $500m with a listing by the middle of this year, said sources.

The Malaysian property developer filed a draft prospectus for the domestic float on Friday, involving the sale of 2.15bn shares, or 90% of its enlarged share capital. The IPO will include two free warrants for every five shares.

It has earmarked 1.03bn shares for institutional investors, 408m ...

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