ID :
76066
Wed, 08/19/2009 - 15:55
Auther :
Shortlink :
https://oananews.org//node/76066
The shortlink copeid
MORE CHINA-BASED COMPANIES TO BE LISTED IN MALAYSIA
Kuala Lumpur, Aug 19 (Bernama) -- Several China-based companies are in the pipeline to be listed on Bursa Malaysia, according to AmInvestment Bank's Chief Executive Officer and Managing Director Kok Tuck Cheong.
He said the companies earmarkd for listing are involved in the
manufacturing, food and beverage, technology and shoe manufacturing industries.
"There is a steady flow of Chinese interest. Apart from those already
identified, there are others in different sectors who are also keen to be listed
on Bursa Malaysia. They are in the due diligence stage.
"At present, its looks very promising for Bursa Malaysia to be able to
attract Chinese companies," he told reporters after the listing of Multi Sports
Holdings Ltd on Bursa Malaysia Wednesday.
The sports shoe sole specialist maker is the second company with China-based
operations to be listed in Malaysia via an initial public offer.
The company's shares debuted at 85.5 sen, for a half-a-sen premium, with
5,000 lots changing hands at the opening bell.
Sports shoe and apparel company XiDeLang Holdings Ltd is poised to become
the third Chinese company to be listed on Bursa Malaysia, after Xingquan
International Sports Holdings Ltd and Multi Sports Holdings Ltd.
For the financial year ended December 31, 2008, XiDeLang, which manufactures
sports shoes, ranging from basketball to skateboarding shoes, and sports
apparel, raked in net profits of RM47.4 million on a turnover of RM275.4
million. (US$1=RM3.54)
--BERNAMA
He said the companies earmarkd for listing are involved in the
manufacturing, food and beverage, technology and shoe manufacturing industries.
"There is a steady flow of Chinese interest. Apart from those already
identified, there are others in different sectors who are also keen to be listed
on Bursa Malaysia. They are in the due diligence stage.
"At present, its looks very promising for Bursa Malaysia to be able to
attract Chinese companies," he told reporters after the listing of Multi Sports
Holdings Ltd on Bursa Malaysia Wednesday.
The sports shoe sole specialist maker is the second company with China-based
operations to be listed in Malaysia via an initial public offer.
The company's shares debuted at 85.5 sen, for a half-a-sen premium, with
5,000 lots changing hands at the opening bell.
Sports shoe and apparel company XiDeLang Holdings Ltd is poised to become
the third Chinese company to be listed on Bursa Malaysia, after Xingquan
International Sports Holdings Ltd and Multi Sports Holdings Ltd.
For the financial year ended December 31, 2008, XiDeLang, which manufactures
sports shoes, ranging from basketball to skateboarding shoes, and sports
apparel, raked in net profits of RM47.4 million on a turnover of RM275.4
million. (US$1=RM3.54)
--BERNAMA