Monday April 11, 2011
KUALA LUMPUR: The investment banking arms of CIMB Group Holdings Bhd and Malayan Banking Bhd (Maybank) will manage the US$200mil-US$300mil (RM604.3mil-RM906.4mil) initial public offering (IPO) of Malayan Sugar Manufacturing, the sugar processing arm of the Federal Land and Development Authority (Felda), Thomson Reuters publication IFR reported.
Felda Global Ventures, the holding company which runs the commercial businesses of Felda, was also planning to divest a “handful of other businesses” although no further IPOs were expected this year, said IFR. — Reuters
http://biz.thestar.com.my/news/story.asp?file=/2011/4/11/business/8456582&sec=business
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