DXN shareholders, including PE firm KV Asia Capital, are working with an adviser on the proposed deal.
IPOs & Markets
The Kuala Lumpur-based company, that has hired advisers for the planned share sale, is considering seeking a valuation of as much as 1 billion ringgit
The proposed transaction will form an entity with sales of about $13 billion and earnings of about $5.5 billion.
GLP may seek to value the operations at more than $20 billion.
FGV and Lembaga Tabung Haji are working with an adviser to gauge interest in Trurich Resources, which controls oil palm estates in Kalimantan.
Amman Mineral would be joining companies such as Lion Air, pharma firm PT Soho Global Health and PT Bank DKI in seeking a listing in Jakarta this year
The yacht was seized in Indonesian waters in 2018 as part of Malaysia’s effort to recoup about $4.5 billion allegedly embezzled from 1MDB.
Global funds pulled $2.9 billion from local equities in 2018, and have remained net sellers this year.
It is seeking to cut operating costs as uncertainty over the U.K.’s exit from the European Union looms.
The development is owned by M+S Pte, a joint venture between Malaysian sovereign fund Khazanah and Singapore's Temasek.
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