Korea's Cuckoo Set for Malaysia Debut After Scaling Down IPO
A subsidiary of South Korean home-appliance maker Cuckoo Holdings Co. is set to go public in Malaysia after a scaled-down offering that's expected to raise 395 million ringgit ($93 million).
Cuckoo International (Mal) Bhd. will begin trading on June 24, two months after postponing Bloomberg Terminal its initial public offering due to market volatility. The final amount raised may vary as the company is waiting for approval from the bourse to reduce its public shareholding spread to 20% from the current 25%.
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