Share this
Digg
Del.icio.us
StumbleUpon
Netscape
Yahoo
Technorati
Googlize this
Facebook
Export PDF
Print
E-mail
Malaysian vegetable oil firms Mewah Group is planning an initial public offering in Singapore to raise around US$500 million (696 million), two sources involved in the deal said on Monday.
The IPO is scheduled for the fourth quarter of this year, and the banks managing the offer are Credit Suisse (CSGN.VX) and BNP Paribas (BNPP.PA), the sources said.
Credit Suisse declined comment, while BNP Paribas and Mewah could not immediately be reached.
Mewah owns three palm oil refineries in Malaysia, and produces vegetable oil products include cooking oil, margarine and specialty fats used in ice cream, according to its website.
The firm also has several sister firms in Singapore whose activities range from marketing Mewah products to providing transport and warehousing services.
