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.
Lynas last week rejected a $1.1 billion takeover offer from Australian conglomerate Wesfarmers Ltd.
The IPOs, which were postponed last year due to weak markets, could together raise as much as $900 million.
The government is seeking to tap new revenue sources to boost its fiscal position.
Malaysia’s Axiata Group, the largest shareholder in M1 Ltd, has accepted a bid from Singapore investors that valued M1 at $1.4 billion.
The fund will look to trim stakes in companies identified as non-strategic to 15-25% and reduce its physical presence in locations such as London, Mumbai and Silicon Valley.
The minister said an order to recognize digital currencies and digital tokens as securities will come into force on Jan. 15.
A particular focus is how billions of dollars went missing from state fund 1Malaysian Development Berhad (1MDB), founded by Najib in 2009.
Bankers see opportunities in transactions that could emerge from sovereign wealth fund Khazanah Nasional’s portfolio rebalancing, or at other government-linked investment companies.
Malayan Banking Bhd has promoted two insiders to top positions in its investment banking arm Maybank Kim Eng Group.
The unit, edotco, recently cancelled a $940-million deal to acquire 13,000 towers from a unit of Pakistan Mobile Communications as regulators failed to provide all approvals for the transaction to go through.