Malaysia's Eco World Intl gets nod for 2.2 bln ringgit domestic IPO

April 7, 2016 8:04 AM

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KUALA LUMPUR, April 7 Malaysian property developer Eco World Development Group said on Thursday regulatory approval has been obtained for a proposed domestic initial public offering of its unit that is expected to raise at least 2.15 billion ringgit ($553.55 million).

The proposed IPO of Eco World International Bhd (EWI) will fund projects in the United Kingdom and Australia and repay borrowings, according to an Eco World Development Group statement.

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