Malaysian Steelmaker Perwaja To List

August 2008 | IPO News Alert

Steelmaker Perwaja Holdings will list on the Malaysian stock exchange on August 20. Malaysia's largest IPO to date, Perwaja has raised MYR367mn (US$111mn) in the offering. Controlling shareholder Kuala Lumpur-listed Kinsteel, who purchased a 51% stake in the steelmaker in 2005 from Maju Holdings, will see its stake reduced from 51% to 37%. Shares were priced at MYR2.90 per

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