Listing plan off the table for now due to unfavourable market conditions, say sources.
OMS raised RM151.4 million in 2021 by selling a 10% stake in its first external equity fundraising since it began operations over two decades ago.
OMS, which specialises in installing cable underwater, would revisit the plan if and when the broader IPO market improves, said the sources, who declined to be named as the matter was private. Malaysia’s IPO market raised US$621.3 million in the first nine months of this year, down 15% from the same period a year ago, LSEG data shows.
Italia Ultime Notizie, Italia Notizie
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