Earlier this month, Axiata ended talks with Telenor on combining their Asian operations.
Axiata’s board met on Friday to discuss the planned merger and decided to cancel the deal.
A potential sale of their life and general insurance business in Malaysia could fetch about $650 million.
The Singaporean bank is considering an offer for almost 90% of PT Bank Permata, which has a market value of about $1.9 billion.
Khazanah, the sole shareholder of the airline, aims to get a deal done by the end of this year.
It is in advanced talks to sell a portion of its 40% Weststar holding to the company’s controlling shareholder, Malaysian businessman Syed Azman Sye
Potential investors could include buyout firms and regional healthcare companies.
AirAsia is talking to potential partners to build an e-commerce app offering lifestyle goods and services that it wants to see overtake its airline bu
IPOs & Markets
Softex has met potential advisers for a share sale in Indonesia that could happen this year.
DXN shareholders, including PE firm KV Asia Capital, are working with an adviser on the proposed deal.
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