Malaysians circle AIM

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.

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.”

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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