JCY Plans $350 Million IPO in Malaysia

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JCY plans $350 mln IPO in Malaysia-sources
Malaysia’s disk-drive component maker JCY International plans to raise $350 million in an initial public offering, sources said, in what will be the country’s second biggest listing in six years. Almost 65 percent of JCY’s sales in 2008 were from Western Digital. Other customers include Japan’s Nidec and Seagate Technology.