By Tanu Pandey
Korea Teachers’ Pension fund has appointed David Park as the Chief Investment Officer after Min Ho Park stepped down from the position last year. Meanwhile, quick service restaurant operator QSR Brands (M) Holdings Sdn Bhd — the franchise owner of KFC and Pizza Hut in Southeast Asia — has promoted Merrill Pereyra as the CEO of the company with effect from January 1.
Malaysia’s Finance Ministry is said to have finalised the sale of Percetakan Nasional Malaysia Bhd (PNMB), a firm with lucrative government printing contracts to local business tycoon Syed Mokhtar Albukhary linked Sutera Bakti Sdn Bhd for over $29 million (MYR 130 million).
Soundwave-based technology solutions provider VAV Apps Sdn Bhd has secured $556,917 million (MYR2.5 million) in funding from Axiata Digital Innovation Fund (ADIF), the amount to be used for technical deployment and commercialisation of VAV’s solutions in Malaysia.
Fundraising from Malaysian initial public offerings is poised to rebound from the lowest in 16 years, led by a planned relisting of the local KFC operator, as receding uncertainty and commodity price gains help rekindle demand for riskier assets. First-time share sales in Malaysia, Southeast Asia’s top destination for new listings less… Read more »
Riding high on a booming digital advertising expenditure and the appetite for digital content in Malaysia, the country’s leading digital media group Rev Asia Holdings has spelled out its strategy for growth in 2017 : Wooing Malay language audience and a focus on video content.
Malaysia’s CIMB Group Holdings Bhd will sell its 18.21 per cent stake in China’s Bank of Yingkou Co Ltd to Shanghai Guozhijie Investment Development Co Ltd for$216.75 million.
Malaysian bank CIMB Group Holdings Bhd has agreed to sell its 18.21 percent stake in China’s Bank of Yingkou Co Ltd to investment holding company Shanghai Guozhijie Investment Development Co. Ltd. The stake is valued at 972 million ringgit ($216.75 million), according to a statement from CIMBGroup, Malaysia’s second-largest lender… Read more »
Malaysia’s KIP Real Estate Investment Trust (KIT REIT) will raise $52 million (MYR 234 million) through an initial public offer(IPO) on the main market of Bursa Malaysia, the funds mainly to be used for acquiring five KiP Marts and a neighbourhood center as part of its assets.
Malaysian engineering group Serba Dinamik Holdings Bhd is looking to raise 584 million ringgit ($130.29 million) in an IPO on the domestic stock exchange in February, its CEO said, in what would be the country’s biggest listing in 19 months. The company will offer 389.4 million shares in the IPO… Read more »
With 11 Initial Public Offers (IPOs) at the Malaysian stock exchange raising a paltry $213.8 million in 2016, it is the second year in a row that the capital raised through listings at Bursa declined.