From m2u bro haha

Think about it. Before Petronas drops a vendor, they would have to do a investigation if the problems are real or bad enough, they will have to have discussion with Ranhill's management. All options would have to be explored and a conclusion would have been reach much earlier before the announcement date, which is usually due to tying up some lose ends before going public.

Ranhill and the team fully knew about this, and they chose to kept their silence on it. I haven't read their prospectus, but hopefully they haven't listed this deal with PEtronas down as one of the key reason investors should buy as I think that would be a lie.

Then at least they can claim they never intentionally misled the investors, can claim at the time of the launching, they were still in discussion with Petronas

Hmm, if deferment, would they refund the money for the allotted shares or just hold it until listing?