Malaysian company Pure Circle, a producer of natural sweeteners, has joined AIM, raising $50 million (£24 million) to fund its growth plans in China and Kenya, and to repay existing loans.

Malaysian company Pure Circle, a producer of natural sweeteners, has joined AIM, raising $50 million (£24 million) to fund its growth plans in China and Kenya, and to repay existing loans.

Pure Circle priced its IPO at 170p a share, valuing the group at $456 million (£222 million).

Kenny Poon, senior partner, led the team at Jeff Leong, Poon & Wong who acted as the company’s Malaysian solicitors for the admission. Poon said: “In addition to the legal due diligence on the Malaysian operations, we helped to appoint, instruct and co-ordinate the Chinese solicitors who conducted the due diligence in China. Our China Desk practice, led by partner James Wong, was heavily involved in the process.”