Earlier reports had speculated that Westports was aiming for a listing to raise about MYR1.5bn in the second quarter.
Discussions were still on-going and the listing is still being considered but apparently cold water has been thrown on the deal
happening this year. “Yes, listing is one of the options but we still do not know when,” he was quoted as saying.
Westports expects to make a second sukuk issuance of MYR450m in March as part of its MYR2bn sukuk programme. Westports made its first sukuk issuance raising MYR450m last year.
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