Malaysian billionaire Vincent Tan mulls over Singapore IPO

CIMB hired to study plans.

According to a report by Bloomberg, Malaysian billionaire Vincent Tan hired CIMB Group Holdings Bhd. (CIMB) to explore an initial public offering of Cardiff City Football Club (Holdings) Ltd. in Singapore, a person familiar with the matter said.

The Welsh soccer club, playing in England’s top-flight premier league for the first time since 1962, may list on Singapore’s Catalist market for small companies, said the person, asking not to be named as the information is private. Tan, who first acquired a stake in Cardiff City in 2010, has yet to work out the details as plans are still in the early stages, the person said.

Read full report here.

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