Creador-Backed Eco-Shop Considers $179 Million Malaysian IPO
- Affordable retail chain is working with advisers on deal
- The company could list in Kuala Lumpur as early as September
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Eco-Shop Marketing Sdn., a budget retail chain in Malaysia, is weighing an initial public offering in Kuala Lumpur that could raise as much as 800 million ringgit ($179 million), according to the people with knowledge of the matter.
The company, which is backed by private equity firm Creador Capital Group, is working with financial advisers on the planned first-time share sale, said the people, asking not to be identified as the process is private. A listing could take place as early as September, the people said.