SINGAPORE Green Rubber Global, a Malaysian
tire-recycling company, plans to list in London and has roped
in Hollywood actor Mel Gibson to help.
Gibson will unveil the listing plans together with Vinod
Sekhar, group chief executive of Green Rubber's parent Petra
Group, during a media conference in Singapore, a source
involved in the IPO said.
The shares will be listed in London, the source added.
Petra's public relations consultant, Catherine Ong
Associates, declined to comment on Green Rubber's listing plans
but confirmed that Gibson is in Singapore as a guest of Sekhar.
A report in Rubber and Plastics News on August 20 said
Gibson is a minority investor in Green Rubber, which aims to
use environmentally friendly technology to "devocalize" old
tires and convert them into rubber that can be reused.
Old tires are currently incinerated and dumped in
Gibson is best known for his roles in "Mad Max" and "Lethal
Weapon," while Sekhar was listed by Forbes Magazine in June as
Malaysia's 16th richest man with assets of $350 million.