Wah wah wah! I read on Reuters just now and noticed about MSM IPO which will be the largest IPO in Malaysia for this year. MSM main Activities are sugar Cane Plantation, sugar processing. In short, anything to do with sugar.
Below is the news credited from Reuters
The IPO price of MSM Malaysia Holdings, the sugar refining arm of the federal land authority, has been priced at 3.50 ringgit ($1.18) per share, according to daily newspaper the Malaysian Reserve citing unidentified sources.
Based on the company’s draft prospectus and the reported price, MSM’s IPO is valued at 821 million ringgit, of which 437.5 million ringgit is from the issuance of new shares and the remainder from the sale of existing shares.
The deal is being managed by CIMB Investment Bank and Maybank Investment Bank
PS: This is a must buy! Sugar is a necessary goods!