ICON Offshore Berhad has locked in nine cornerstone investors ahead of the roadshow for its initial public offering of shares, which is scheduled to kick-off on Monday.
AIA Berhad, Hwang Investment Management Berhad, JF Asset Management, Lembaga Tabung Haji, Maybank Asset Management, Nomura Asset Management, Permodalan Nasional Berhad, Tan Sri Dato Chua Ma Yu and UOB Asset Management have pledged to buy up a combined 275 million shares, more than half of the shares on offer.
ICON Offshore, Malaysia’s largest pure-play offshore supply vessel operator, aims to raise up to US$293 million by pricing 510.8 million shares at between M$1.80 and M$1.85 per share.
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