The operator of Malaysia’s busiest gateway, Port Klang, plans to offer 894.5 million shares to investors at MYR 2.50 apiece in an IPO on 18 October, according to a prospectus.
Seven major domestic investors and two foreign investors have already agreed to underpin the equity offering.
Hutchison Port Holdings already owns around a third of the equity in Westports.
Rumours of a potential listing first surfaced last year but were put on hold during the country’s general elections.
The
