APAC to see more de-listings, privatisation : IMAA


The two key trends will guide the marketplace in the next few years among listed companies in Asia-Pacific will be that conglomerates will consolidate their businesses and more companies will exit the public market, an executive with an industry body said. Prof Dr Christopher Kummer, president of the Institute of… Read more »

Malaysia’s Ekuinas targets 20% IRR for 2015

Malaysia -based, government-linked private equity (PE) firm Ekuiti Nasional Bhd (Ekuinas) is targeting an ambitious 20% internal rate of return (IRR) for next year. Recent profitable exits from invested companies and a successful Outsourced Fund Programme (OFP), have spurred the PE fund to “aggressively” seek investment opportunities;and it has more funds to do… Read more »

Sunway Construction plans $200m May Float

Sunway Bhd’s construction arm, en route to a targeted listing in May 2015, could be submitting its prospectus next week to the Securities Commission (SC). A source in know of the listing exercise said, the group could be ready to put in its prospectus submission next week, Upon receipt of the registrable… Read more »

GIC’s Sunway exit block bought by govt funds

Several Malaysian government-linked funds have taken up an average of MYR 80 million ($24 million) worth of shares, each, in Malaysian property group Sunway Bhd from the stake GIC Pte Ltd divested last week, said an industry source. The five funds picked up a large part of the MYR 482 million ($144 million) share… Read more »

Malaysian VC Teak Capital plans IPO exit

Malaysia based Teak Capital Sdn Bhd, a venture capital management firm, is looking to exit some of its investments in the near future. The disinvestment could take place through an IPO, says managing director and founder Chok Kwee Bee. According to her, Teak Capital’s inaugural fund (Teak Ventures), already in its sixth… Read more »

Petronas acquires Phillips 66 stake in MRC

Malaysia’s national oil company Petroliam Nasional Bhd (Petronas) has announced that it is acquiring the remaining stake in the Malaysian Refining Company Sdn Bhd (MRC) for a cash consideration of $635 million. Petronas said it reached an agreement with Philips 66 Asia Ltd, a subsidiary of New York Stock Exchange-listed… Read more »

Tech news portal DNA secures $300k funding

Independent technology news portal Digital News Asia (DNA) has secured MYR 1 million ($300,000) for its seed funding from private equity firm IdeaRiverRun. The funds, DNA said, would be channeled into the portal’s expansion in Southeast Asia, further building its team and to develop new products and channels. The portal… Read more »

O&G Start-ups: low oil price, big opportunities

The the oil and gas (O&G) sector is seen as belonging to the opposite end of the start-up friendly spectrum of industries. Far away from from the consumer-centric sectors like food & beverage and technology, the O&G industry is perceived to be capital intensive and with long project gestation periods; making it… Read more »

Sentinext raises $14m Series B funding 

Sentinext Therapeutics has successfully completed $14 million Series B financing to further develop its vaccine against the hand, foot & mouth disease (HMFD). The funding will help advance the development of its state-of-the-art bivalent Virus Like Particles (VLP) vaccine against the disease, the company said in an official statement,  adding that… Read more »

Malaysia’s Cradle to co-invest $7m in four firms

Cradle Fund Sdn Bhd, an agency under Malaysia’s finance ministry, has signed a co-investment partnership with four firms, pledging a combined amount of MYR 23 million ($7 million) over the next two years. The four investor firms are Fatfish Ventures Sdn Bhd, OSK Ventures International Bhd, Japanese firm CoEnt Venture… Read more »