SGX said it would list new Indian equity derivative products in June, a move which follows a decision by India’s three main bourses to stop licensing their indexes to overseas exchanges.
Last month, GIC took a roughly 7% stake in Vinhomes for about $853 million as a pre-IPO investor.
The company is seeking a market value of $13-13.5 billion with the IPO.
The move is a blow to Singapore-listed Noble, which is in the midst of a crucial debt restructuring process and has said it plans to hold a special meeting of its shareholders’ after its annual general meeting.
Australia’s biggest general insurer has ventures in Malaysia, Thailand, Vietnam and Indonesia in SE Asia.
Etiqa, its insurance unit which operates in Malaysia, Singapore, the Philippines and Indonesia, is said to be worth at least $1 billion.
Temasek would likely emerge as only a minority holder in the Hong Kong airlines.
Richard Elman, the founder, holds about 17.9 percent of Noble.
Techcombank’s IPO will be bigger than Warburg Pincus-backed Vincom Retail’s IPO last year, which raised about $700 million.
“The biggest asset is our data,” AirAsia chief Tony Fernandes said in an interview. “And we’re going to monetise that data over a series of joint ventures in three kinds of pools.” That includes turning its loyalty programme points into a more formal currency through an initial coin offering, building a bigger logistics business and growing its content offering.