Malaysian palm oil producer Johor Plantations Group Bhd and a shareholder plan a RM735m IPO, Malaysia's largest listing in over two years.

Malaysian palm oil producer Johor Plantations Group Bhd and a shareholder plan to raise around RM735m ($156m) in an IPO, set to be Malaysia's largest listing in over two years. The IPO comprises up to 875 million shares, representing a 35% stake in the company, and values the firm at RM2.1bn. JPG aims to diversify as a fully integrated palm oil producer, focusing on specialty oils and fats.