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Berjaya Sports Toto Bhd cancels Sports Toto Malaysia share listing plan - Reuters


Monday, 2 Dec 2013 09:32am EST 

Berjaya Sports Toto Bhd:Says it was cancelling plans to list its wholly owned unit Sports Toto Malaysia Sdn Bhd as a business trust on the Singapore stock exchange - Reuters.Says the cancellation of the initial public offer, which was expected to be worth up to $390 million, comes after the company said the response to plans for the listing had fallen short of expectations, even after it had obtained all the approvals required.Says that current challenging market conditions and a poor performance for listed yield stocks such as real estate investment trusts and other business trusts in Singapore had led its board to decide not to proceed with the IPO. 

Company Quote

3.67
-0.03 -0.81%
24 Oct 2014