Search Results for:Liz Lee
Liz is the Malaysian correspondent for DEALSTREETASIA. She tracks the growing appetite for private equity and venture capital in Malaysia while also keeping tabs on corporate developments.
She hopped on board in October 2014, after three years in the business desk of the leading local English daily where she developed her financial reporting skills.
She remains fascinated with the movement of capital and the socioeconomic effects it leaves in its trail.
Liz graduated from Universiti Tunku Abdul Rahman, with a BA (Hons) in English Language. She lives about five heartbeats away from the heart of Kuala Lumpur.
Stake sale is part of ANZ’s strategy to divest minority stakes in Asia.
It raised 3.77b ringgit ($878m) in the IPO – the largest in Malaysia since 2012.
Firm had earlier slashed its IPO size due to lukewarm investor interest.
It reduced its public shares on offer by a fifth and lowered the IPO price range.
Offering was earlier expected to price in the 7.60-8 ringgit per share range
Firm plans to raise $1.4b via its IPO in July.
ANZ Banking Group owns a 24 per cent stake in Ambank
The listing could be one of the biggest IPOs in years in Malaysia
Barely a week after it dumped its original partners
A deal by a former unit of troubled state fund 1Malaysia Development Berhad (1MDB) to sell its stake in a property development project to a consortium including China’s state-owned China Railway Engineering Corporation (CREC) has lapsed. TRX City Sdn Berhad, a former 1MDB unit which was transferred to Malaysia’s finance… Read more »