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Malaysian property firm eyes $1.7 bln IPO

Posted on 11 May 2011

A Malaysian property developer plans to list the Pavilion Kuala Lumpur development whose assets are worth up to 5 billion ringgit ($1.7 billion), in what could be the country’s largest IPO of a real estate investment trust, the Business Times newspaper reported on Wednesday.
The report quoted unnamed sources as saying that Desmond Lim Siew Choon, who controls property developer Malton Bhd , could list Pavilion as early as end-2011. CIMB Investment Bank , Credit Suisse and Maybank Investment are handling the deal, it said……………………………………….Full Article: Source


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