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Malaysian bubble tea chain postpones IPO due to COVID

Loob CEO says company to remain private until 'mid-next year or later'

The Malaysian stock exchange has not had any new listings since March 23 and will have to wait until next year to see Loob.   © Reuters

KUALA LUMPUR -- Malaysia's Loob Holding, which owns the Tealive bubble tea brand, is postponing its planned initial public offering slated for this year to at least mid-2021, citing weak market sentiment.

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