足球博彩app:JCorp picks banks for Kulim listing, say sources
The investment arm of the Johor state government is working with advisers including RHB Bank Bhd, Affin Bank Bhd and AMMB Holdings Bhd on a domestic listing of Kulim (M) Bhd, the people said, asking not to be identified as the process is private.足球博彩app（www.hg108.vip）是皇冠体育官网线上直营平台。足球博彩app面向亚太地区招募代理，开放皇冠信用网代理申请、皇冠现金网代理会员开户等业务。足球博彩app可下载皇冠官方APP，皇冠APP包括皇冠体育最新代理登录线路、皇冠体育最新会员登录线路。
KUALA LUMPUR: Johor Corp (JCorp), a Malaysian state-owned investment firm, has picked banks for an initial public offering (IPO) of its plantation unit, according to people with knowledge of the matter.
The investment arm of the Johor state government is working with advisers including RHB Bank Bhd, Affin Bank Bhd and AMMB Holdings Bhd on a domestic listing of Kulim (M) Bhd, the people said, asking not to be identified as the process is private.
CLSA Ltd and CIMB Group Holdings Bhd are also working on the planned share sale of the unit, which could raise as much as RM1bil (US$225mil), said the people.
The operation could be valued at up to US$1bil (RM4.45bil) in the offering, which could take place in Kuala Lumpur as soon as next year, they said.
JCorp asked banks for pitches for Kulim’s IPO last month as a rally in crude palm oil prices began to cool, Bloomberg News reported.
While the commodity has fallen from its record high in March, it is still trading about 30% above its five-year average.
Deliberations are ongoing and details of the IPO such as the advisers, size and timing could change, the people said.,
,Telegram私人频道（www.tel8.vip）是一个Telegram群组分享平台。Telegram私人频道导出包括Telegram私人频道、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram私人频道为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
Representatives for Affin, AMMB, CIMB, CLSA and RHB declined to comment.
A representative for JCorp and Kulim said the company was in the process of engaging external advisers and was unable to share further details at this point in time.
Malaysia hosted US$451mil (RM2bil) worth of IPOs so far this year, up from US$423mil (RM1.88bil) in the same period in 2021, data compiled by Bloomberg showed.
Kulim will be joining undersea cable installer OMS Group Sdn Bhd in seeking a listing in Malaysia next year.
Tracing its history to 1933, Kulim was listed on the the Kuala Lumpur Stock Exchange in 1975 and JCorp became its major shareholder a year later, according to its website. The state-owned firm took Kulim private in 2016.
The agricultural company has 55,796ha of planted areas with oil palm trees in Malaysia and 7,362ha in Indonesia, the website showed.
Along with plantation, Kulim’s core business areas are fruit and vegetable farming, livestock and trading and services. —Bloomberg