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German firm Implico eyes listing on Bursa-Malaysian Reserve
German company Implico GmbH is eyeing a listing on BursaMalaysia by middle of 2014 in order to raise its profile and tosource for capital to fund future acquisitions in thedown-stream oil and gas (O&G) sector.
The Hamburg-based privately held O&G solutions provider andconsulting company is also considering Singapore or Hong Kongfor the listing but likes Kuala Lumpur (KL) as the city is thehub for O&G for the region.
"One of the main reasons for listing is that most of ourclients (and potential Asian customers) are listed and theywould prefer to deal with service providers like Implico to beequally adhered with the requisite disclosures and transparencyof being a listed company," said Implico (M) Sdn Bhd directorAnthony Lim Chong Eng in an email interview with The MalaysianReserve recently.
The listing would also give the company a capital boost tofuel Implico's acquisition plans of related businesses in thedownstream O&G industry.-Malaysian Reserve
NOTE: Reuters has not verified this story and does not vouchfor its accuracy.
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