More IPOs coming, says Bursa chief
Posted on 25 July 2012 - 11:11pm
Last updated on 26 July 2012 - 07:30am
Premalatha Jayaraman
[email protected]
KUALA LUMPUR (July 26, 2012): More initial public offerings (IPOs) are coming down the pipe for the rest of the year although their size won't match those of Felda Global Venture Holdings Bhd and IHH Healthcare Bhd, Bursa Malaysia Bhd CEO Datuk Tajuddin Atan said.
"There are a few in store, but not as large as Felda and IHH. Some of them have gotten their approval already, but the issue is timing. Some may want to be listed this year and some next year," he told reporters after the listing ceremony of IHH here yesterday.
"So far, I am quite happy with where we are at this point in time. I would say we are the most productive (stock exchange) in the first half of 2012," he said.
He added that this is a testimony of the market liquidity as well as the depth and breadth of Bursa Malaysia.
Pay-TV operator Astro All Asia Networks Plc is expected to be relisted sometime in the fourth quarter, while
Karex Industries Sdn Bhd, the world's biggest condom maker, is considering an IPO.
Year to date, Bursa Malaysia has seen 10 new listings, including that of SapuraKencana Petroleum Bhd, Felda Global Ventures, Gas Malaysia Bhd, OCK Group Bhd and IHH.