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.
Also read: Univision Draws Interest From Potential Bidders Amid IPO Delays
Read more