Categories: विदेश

UPDATE 1-Malaysia's MMC Port delays IPO to 2026 to incorporate full-year 2025 results, sources say

(Updates with more information throughout from paragraphs 2-6) By Yantoultra Ngui SINGAPORE, Oct 7 (Reuters) – Malaysia's MMC Port Holdings has decided to postpone its planned initial public offering to next year so that it can include its full-year 2025 financial results, two sources with knowledge of the matter told Reuters on Tuesday. The listing, initially targeted for the fourth quarter of 2025, could raise more than $1.5 billion, making it the biggest IPO since IHH Healthcare's $2.1 billion debut in 2012 and providing a potential boost for the domestic capital market. The company is reassessing the timing of the listing to allow for more comprehensive financial disclosures, including the 2025 results, and to reflect recent developments in the industry and its operations, according to the sources. The sources declined to be named as the information was not public. A revised timeline is expected to be communicated in due course, the sources added. The decision comes despite healthy investor interest in the offering, one of the sources said. MMC Port did not immediately respond to an emailed request seeking comment on Tuesday. (Reporting by Yantoultra Ngui Editing by Shri Navaratnam and Kate Mayberry)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Inkhabar webdesk

Share
Published by Inkhabar webdesk

Recent Posts

A trip to the Sunshine Coast reveals why we're mad for macadamia nuts

Yandina, Australia (dpa) – The last macadamia nuts of the season lie on the ground.…

3 days ago

People living in Europe's cities are struggling with climate change

Barcelona (dpa) – Climate change is hitting the cities of Europe hard and fast, with…

3 days ago

Try this fiery manderin ginger shot to boost your immune system

Berlin (dpa) – Ginger shots have been all the rage for years, whether for people…

3 days ago

Make tasty Bang Bang Chicken with a cool cucumber salad fusion twist

Berlin (dpa) – Fans of cooking videos may have heard that special crunch when someone…

3 days ago