Eco World International launches flotation

Deal said to be going swimmingly after an IPO of the group's international property portfolio is targeted at a domestic audience.
Embassy Garden's novel 'structure free' swimming pool
Embassy Garden's novel 'structure free' swimming pool

The long-expected initial public offering for Malaysia's Eco World International EWI kicked off on Thursday and is expected to price at the top of its indicative range given the institutional book build is already covered with no price sensitivity. 

The M$2.48 billion to M$2.58 billion $555.6 million to $580.7 million deal's popularity in its home market is not that unexpected given the internationally-focused property firm's IPO is backed by some of South East Asia's most well known businessmen.

Most notably, this includes Tan Sri Liew Kee Sin, the man who helped turned London's iconic Battersea Power Station into a viable commercial project in his...

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