Ranhill Holdings, a Kuala Lumpur-based private water and power supplier, is making a return to the domestic stock market as it seeks fresh capital for a reverse takeover of outsourcing services provider Symphony House.
The reverse listing could potentially inject some renewed life into Malaysia’s moribund equity capital market, which has not seen any deals of size since Al-Salam Reit’s $60 million listing in September last year.
According to a term sheet sent out by joint bookrunners CIMB and Maybank, Ranhill is targeting as much as RM760 million $181 million through the sale of up to 50.5% of the company’s enlarged...
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