Malaysian recycling firm Green Rubber to list in London
Wednesday, 12 September 2007
KUALA LUMPUR, Sept 11, 2007 (AFP): Malaysian tyre recycling firm Green Rubber Global, whose shareholders include Hollywood stars Mel Gibson and Bruce Willis, is headed for a listing in London, a report said today.
Green Rubber plans to list on London's Alternative Investment Market (AIM) in six months, the Star newspaper said.
The Star said an official statement was expected to be announced at the Forbes Global CEO Conference in neighbouring Singapore later today.
It is unclear how much Green Rubber plans to raise in funds, but bankers are valuing the company at 150-170 million pounds (304-355 million dollars), the newspaper cited an industry source as saying.
Other shareholders in Green Rubber are Malaysian businessman Vinod Sekhar, Indian former cricketer Kapil Dev, former golfer Lee Westwood, the Forbes publishing family and the former chairman of Britain's Vaux Brewery, Paul Nicholson.
Green Rubber plans to list on London's Alternative Investment Market (AIM) in six months, the Star newspaper said.
The Star said an official statement was expected to be announced at the Forbes Global CEO Conference in neighbouring Singapore later today.
It is unclear how much Green Rubber plans to raise in funds, but bankers are valuing the company at 150-170 million pounds (304-355 million dollars), the newspaper cited an industry source as saying.
Other shareholders in Green Rubber are Malaysian businessman Vinod Sekhar, Indian former cricketer Kapil Dev, former golfer Lee Westwood, the Forbes publishing family and the former chairman of Britain's Vaux Brewery, Paul Nicholson.