Malakoff Corporation Bhd, the largest independent power producer (IPP) in Malaysia, is scheduled to be listed in Main Market of Bursa Malaysia on 15th May 2015. This IPO will likely be the biggest in Malaysia this year.
The Initial Public Offering (IPO) consists of 1.52 billion shares, comprising of an offer for sale of up to 521 million existing shares and a public issue of 1 billion new shares. The retail offering portion involve 242.5 million shares would be for eligible directors, staff, people who contributed the company and Malaysian public.
The retail price of the offering is RM1.80 per share at RM0.10 par value. The final retail price will be determine through book building exercise. If the final retail price is less than the retail price, there will be a refund to the retail investors.