Tuesday, 14 May 2013

Malakoff IPO 's delay was unavoidable

The surprise delay in Malakoff Corp Bhd's IPO was unavoidable, according to MMC Corp Bhd group MD Datuk Hasni Harun. He attributed the delay to ongoing maintenance of Malakoff's Tanjung Bin power plant in Johor, which is essential to ensure full running capacity. He said, "Once this is done and when we have positive growth momentum, we will proceed with the listing by next year." (Financial Daily)

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