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.
Edra was formerly owned by state fund 1MDB and was seeking a $1-3 billion IPO.
Petronas said the sale would allow it to cut its capital spending budget.
Under the reorganisation, the investment holding function and the Malaysian airline business will be separated.
The businesses will be listed after a restructuring that would create three standalone units.
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.