Mewah International is ready for the IPO which expects to fetch around $500 million. The palm oil processing firm is planning to offload 12 to 20 per cent of its share capital.
The company has one of biggest edible oils processing plants in Asia which refines 8,000 tonnes a day.
Wilmar (WLIL.SI) and Golden Agri-Resources (GAGR.SI) are the big players of this sector listed in Singapore exchange.
The money will be injected to finance the new facilities and expansion infrastructure. This Mewah IPO trend already Read more...
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