Wednesday, 17 July 2013

Ranhill fixes IPO price at RM1.85

Ranhill Energy & Resources Bhd has raised about RM753m in a share sale, pricing the deal at the top of expectations, a source with direct knowledge of the deal said. Ranhill, which plans to use the proceeds to repay debt and expand into China's water industry, priced the initial public offering (IPO) at RM1.85 per share versus an indicative price range of RM1.70-1.85, said the source, who was not authorised to speak publicly on the matter. (Reuters)

Source: CIMB Daybreak - 17 July 2013

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