KUALA LUMPUR, May 24 (Bernama) — Johor Plantations Group Berhad (formerly known as Johor Plantations Berhad) (JPG), a Johor-based upstream oil palm plantation company poised to expand into downstream plantation business, has signed a retail underwriting agreement with RHB Investment Bank Berhad, AmInvestment Bank Berhad, CIMB Investment Bank Berhad and Affin Hwang Investment Bank Berhad for its upcoming initial public offering (IPO). JPG is targeted to list on the Main Market of Bursa Malaysia Securities Berhad in the third quarter of 2024.
JPG’s IPO entails a public issue of 464.0 million new shares and an offer for sale of up to 411.0 million existing shares in JPG (collectively, the IPO Shares), involving: