ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more