PRG to list manufacturing unit in Hong Kong

PETALING JAYA: PRG Holdings Bhd has decided to list its wholly-owned subsidiary Furniweb Holdings Ltd, which is involved in manufacturing and manufacturing-related business, on the Growth Enterprise Market of the Hong Kong Stock Exchange.

The company said in a filing with Bursa Malaysia that an application, through the sole sponsor of the proposed listing - Shenwan Hongyuan Capital (H.K.) Ltd, was submitted to the Hong Kong Stock Exchange yesterday.

Barring any unforeseen circumstances and subject to all required approvals being obtained, PRG expects the proposed listing to be completed before the end of 2017.