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(From Business Times (Malaysia))
Byline: Zaidi Isham Ismail
POWER and engineering group MMC Corp Bhd expects to list its Middle East joint-venture unit on the Saudi Arabian stock market in 2007.
Group chief executive officer Feizal Ali said MMC has received approval for the initial public offering (IPO) and is now going through some regulatory issues.
"Negotiations are still ongoing, such as setting up the joint venture company and we are looking at 2007 as the target for the IPO," Feizal told reporters after the company's extraordinary general meeting in Kuala Lumpur yesterday.
Last month, the company secured the rights to …