Ranhill Energy IPO ‘back on track’


Dateline 2013-07-26, Malaysia Chronicle:

Ranhill Energy and Resources Bhd’s RM753 million initial public offering (IPO) seems to be back on track after Petroliam Nasional Bhd (Petronas) lifted a freeze on a licence owned by an affliate company.

It is understood that Ranhill will meet with key Securities Commission (SC) officials early next week to discuss if the IPO can proceed as originally scheduled.

The stock was due to debut on Bursa Malaysia’s Main Market on July 31.

“The SC will make a decision on whether to allow Ranhill to be listed next Wednesday, or have them reschedule the IPO to a later date,” sources told Business Times.

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This entry was posted on Tuesday, September 10th, 2013 at 6:00 am and is filed under business opportunity, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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