Ranhill to return with $181m reverse listing

Two and a half years after an unsuccessful listing, the Malaysian utilities company has launched a reverse takeover of outsourcing services provider Symphony House.

Ranhill to return with $181m reverse listing

Ranhill Holdings, a Kuala Lumpur-based private water and power supplier, is making a return to the domestic stock market as it seeks fresh capital for a reverse takeover of outsourcing services provider Symphony House.

The reverse listing could potentially inject some renewed life into Malaysia’s moribund equity capital market, which has not seen any deals of size since Al-Salam Reit’s $60 million listing in September last year. 

According...

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