Malaysia's Malakoff locks in cornerstones for IPO

April 3, 2015 3:01 PM

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KUALA LUMPUR, April 3 (Reuters) - Corston Smith Asset Management, Eastspring Investments and Malaysia's Pilgrims Fund Board have emerged as cornerstone investors in the 2.74 billion ringgit ($747 million) listing of Malaysia's largest independent power firm, Malakoff Corporation Bhd, according to two sources with direct knowledge of the flotation.

The other cornerstone investors are CIMB Principal Asset Management, Great Eastern, Hong Leong Asset Management, Maybank Asset Management, RHB Asset Management and UOB Asset Management, the sources said.

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