14 Jun '12, 1am

Friendster parent company, MOL Global eyes relisting next year

Friendster parent company, MOL Global eyes relisting next year

Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic. Powered by WP Greet Box Photo:Facebook MOL Global Group, founded by Ganesh Kumar Bangah and majority owned by Tan Sri Vincent Tan of Berjaya Corporation fame, is in talks with bankers to take the company public again, more than five years after it was delisted from the MESDAQ. “We are preparing for a possible initial public offering in early 2013. Talks are ongoing,” MOL Global chief executive officer Ganesh Kumar Bangah mentioned in a recent interview with the Malaysian Business Times. MOL Global recently was the subject of business headlines in Malaysia as it owns more than RM310.8 million (US$ 97.8 million), worth of Facebook shares. Ganesh expects Friendster to be profitable next year, however it is clearly going to be a challenge to satisfy investors if they relist...

Full article: http://e27.sg/2012/06/14/friendster-parent-company-mol-gl...

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