Toll concessionaire Prolintas is all set for an preliminary public providing (IPO) on the principle market of Bursa Malaysia, and the milestone is anticipated to occur in Q1 2024.

Prolintas Managers Sdn Bhd (the trustee-manager), the trustee-manager of Prolintas Infra Enterprise Belief (Prolintas Infra BT), which is Malaysia’s first freeway enterprise belief to be listed, and the promoter of Prolintas Infra BT (Prolintas) lately signed an underwriting settlement with AmInvestment Financial institution, CIMB Funding Financial institution, Maybank Funding Financial institution and RHB Funding Financial institution because the joint underwriters for the IPO train.

The IPO will probably be carried out through a enterprise belief construction comprising 4 highways which have been acquired from Prolintas by the trustee-manager (on behalf of Prolintas Infra BT), particularly the Ampang-Kuala Lumpur Elevated Freeway (AKLEH), Guthrie Hall Expressway (GCE), Lebuhraya Kemuning-Shah Alam (LKSA) and Sistem Lingkaran Lebuhraya Kajang (SILK).

Prolintas Infra BT’s IPO entails the supply on the market by Prolintas of 539,000,000 present models in Prolintas Infra BT, representing 49% of the whole models in difficulty. The joint underwriters have agreed to underwrite the retail providing of 45,751,000 of IPO models in Prolintas Infra BT, representing 4.16% of the whole models in difficulty.

Of the retail portion, 18,251,000 models will probably be allotted to the administrators and senior administration of the trustee-manager, eligible staff and individuals who’ve contributed to the success of the belief group. 27,500,000 models will probably be supplied to the Malaysian public through balloting.

“The signing of the underwriting settlement symbolises a big milestone for Prolintas. This momentous itemizing train supplies us an avenue to unlock the worth of our belongings and on the identical time, this enterprise belief itemizing construction allows us to supply our unitholders sustainable returns in the long term as our belongings have the requisite earnings visibility given their concession-based nature,” stated Prolintas group CEO Datuk Mohammad Azlan Abdullah.

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