Eco World International Debuts in US$580 Million Malaysian IPO
Hong Kong- Paul Hastings, a leading global law firm, announced today that the firm advised CIMB Investment Bank, Maybank Investment Bank, Hong Leong Investment Bank and UOB Kay Hian Securities as the joint bookrunners of Eco World International Berhad’s (“Eco World International”) US$580 million initial public offering and listing on the Main Market of Bursa Malaysia. Eco World International develops real estate properties in the United Kingdom and Australia. This marks the largest Malaysian IPO so far in 2017.
Projects currently being undertaken by Eco World International include the development of three waterside residential projects in London through its joint-venture company, Eco World-Ballymore, and the development of a project in Australia called West Village in Parramatta, Sydney. Part of the proceeds from Eco World International’s IPO will be used to fund the development of these projects.
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