November 13, 2003

Malaysia's Leong Hup Poultry Farm Plans to Sell Shares on Singapore Exchange Next Year

Leong Hup Holdings, a Malaysian poultry firm, is looking to list its shares on the Singapore Stocks Exchange.

Malaysian press reports quoted the company's managing director Francis Lau as saying he would like to sell shares on the Singapore Exchange next year.

Currently, Leong Hup processes 30,000 chickens a day in Malaysia, and is setting up a new factory in Indonesia.

Leong Hup chalked up a remarkable pre-tax profit of RM22.8 million for the first six months ended September 30, 2003.

This represented an increase of 1,091 %, compared to a pre-tax loss of RM2.305 million in the corresponding period last year.