Samling is said to prepare $250m IPO for Bentley dealer - News Summed Up

Samling is said to prepare $250m IPO for Bentley dealer


Samling is working with advisers to explore a possible dual listing of the business in Kuala Lumpur and Singapore later this year, according to the people. In 2014, it paid S$455 million ($342 million) to acquire United Engineers Ltd.’s Wearnes Automotive Pte unit, which distributes Bentley and Jaguar cars in Singapore and Indonesia. Samling itself sells Bentley, Mitsubishi and Honda vehicles in Malaysia and provides after-sales services for those marques, according to its website. Samling would join Malaysian state-backed hospital operator IHH Healthcare Bhd, which completed a dual listing in Kuala Lumpur and Singapore in 2012. Samling, founded in 1963, is focused on forestry management and timber production as well as wood product manufacturing.


Source: New Strait Times January 03, 2018 07:07 UTC


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