Labuan Shipyard listing on the cards

Kuala Lumpur: Labuan Shipyard Engineering, a subsidiary of Radimax Group, is likely to list soon. Datuk Abdul Rahim Zin, Radimax’s group ceo, told local media that the yard is looking to seal some mergers and acquisitions in the coming months with a view to kicking off an IPO roadshow by as early as the end of this year.

LSE generated RM300m in revenue last year. The company has a decent track record of making jackets for platforms, building OSVs as well as top-side structures.  [16/06/14]

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