The lender is said to be weighing an exit from Malaysia’s Islamic banking market as fierce competition from local rivals has limited its growth prospects.
Wirecard shares plunged over 30% last week after the FT reported that a senior company executive in Singapore was suspected of using forged contracts for several suspicious transactions.
Axiata sees that there isn’t enough time left to pull together its own counteroffer.
The owners of AmGeneral Insurance have applied for Malaysian central bank approval to allow Allianz to conduct due diligence on the business.
Europe’s biggest cement maker is considering the divestment as part of a broader strategic review of its Southeast Asia operations following the sale of its Indonesia business.
Xinyi Energy is postponing the deal amid a broad equity selloff in Hong Kong, where the benchmark Hang Seng Index is down more than 20 percent since its January all-time high.
Vivendi’s broadcasting arm Canal+ is in early talks to acquire roughly half of PT MNC Vision Networks, which controls the group’s listed pay-TV arm and its high-speed internet unit.
SGX has appointed Mohamed Nasser Ismail as head of equity capital market. The move expands Nasser’s responsibilities to include main board initial public offerings.
Temasek is creating so-called “experimental pods” to focus on these two areas.
There are more than 250 companies in the IPO pipeline for next year, including many in the technology sector, according to Li.