Boustead prices plantation spin-off at top

The institutional book for the Malaysian group's palm oil arm was oversubscribed by 12.4 times, and follows the successful floation of vessel operator ICON Offshore.

Boustead Holdings Berhard has completed the spinoff of its plantation assets, raising M$928 million (US$288.7 million) in an initial public offering after pricing the shares at the top end of the range.

¬ Haymarket Media Limited. All rights reserved.

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