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Article: Rimbunan Hijau may seek HK listing
- Article from:
- New Straits Times
- Article date:
- July 2, 2007
- Author:
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Ooi Tee Ching
New Straits Times
07-02-2007
Rimbunan Hijau may seek HK listing
Byline: Ooi Tee Ching
Edition: Main/Lifestyle
Section: Business Times
Type: Company
RIMBUNAN Hijau, controlled by tycoon Tan Sri Tiong Hiew King, is said to be looking to merge all its oil palm estates and forest assets around the world under one entity and list it on the Hong Kong stock exchange.
Market talk indicates that the move is prompted by the better valuation rival timber concessionaire Samling Global Ltd had experienced in the last four months, following its listing in Hong Kong in March this year.
Samling Global's offer price on March 6 was HK$2.08 (RM0.92) and last Friday it closed at HK$3.03 (RM1.34), a ...