Malaysia IPO Dealbook: Spring Energy to IPO, Aemulus assigns underwriter, Frontken drops Taiwan IPO

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The Malaysian stock market, despite being hit by weak economic sentiment, is holding up on the IPO front, as some companies prepare to go public on the local stock exchange. However, Frontken, which was looking to debut its 60-per cent subsidiary in Taiwan has retracted its plans. Spring Energy to raise… Read more »

Hong Leong partners Intellect Design Arena to digitise wholesale banking

Hong Leong Bank Bhd has appointed banking and insurance digital technologies specialist Intellect Design Arena Limited as its partner to transform and digitise the bank’s wholesale banking offerings. The bank said in a statement that its adoption of Intellect’s multi-award winning Intellect Global Transaction Banking (iGTB) suite was in line… Read more »


Canada Pension fund to invest C$170m for 49% stake in JV with Malaysia’s Pavilion Group

The Canada Pension Plan Investment Board (CPPIB) and Malaysia’s Pavilion Group have entered a joint venture to invest in Pavilion Damansara Heights, a mixed-use development project in Kuala Lumpur, Malaysia. This marks CPPIB’s first direct investment in the Malaysian real estate market. As part of the joint venture, CPPIB will… Read more »


Environmental concerns force Norway’s pension fund to shun Malaysian, Korean cos

Norway’s Government Pension Fund Global (GPFG) has decided to exclude Malaysian companies IJM Corp Bhd and Genting Bhd, as well as South Korean companies POSCO and Daewoo International Corp from its investment universe. The companies are excluded based on an assessment of the risk of severe environmental damage, the Norwegian sovereign… Read more »


Exclusive: Fatfish’s iCandy slated for Sept IPO, to raise $3.68m

Southeast Asian and Australian based Internet ventures investment and development firm Fatfish Internet Group is en route to making its first exit through an initial public offering (IPO), as its portfolio company iCandy Interactive Ltd has got approval from the Australian Securities & Investments Commission (ASIC) for a listing. iCandy, slated… Read more »


FGVH aims to seal deal for Eagle High stake by end-October

Felda Global Ventures Holdings Bhd (FGV) aims to enter into a definitive agreement for its proposed acquisition of a 37 per cent stake in Indonesian palm oil company PT Eagle High Plantations Tbk by October 31 this year. In a filing with Bursa Malaysia, FGV said it has “substantially” completed… Read more »


Malaysia Dealbook: BHS to diversify, SKB acquires land, Mah Sing drops land purchase

The wrap-up of last week saw some noteworthy dealmaking in Malaysia, with BHS Industries Bhd, having received shareholders’ approval to raise MYR44.8 million ($11.2 million) through rights issue, even as the property market saw SKB buying land and Mah Sing cancelling an acquisition. BHS to raise $11.2m for paper pulp… Read more »


Lull in first quarter regional M&As, but deal space still healthy: Deloitte

While Southeast Asia saw a slowdown in mergers and acquisitions (M&As) in the first half of 2015, M&A remains a healthy trend for businesses in the region, Deloitte Malaysia say. Executive director of corporate finance advisory and M&A, Nizar Najib said at the M&A Clients and Market seminar yesterday, that… Read more »


Malaysia Dealbook: EPF substantial shareholder in in Titijaya; Ewein’s JV; Hong Leong Bank plans rights issue; TMS CEO disposes 7.6% stake

Among the key trades and deals in the past week are in property developers Titijaya Land and Ewein, while Hong Leong Bank looks to rights issues for fundraising and The Media Shoppe CEO ceases to be a substantial shareholder. EPF now substantial shareholder in Titijaya The Employees Provident Fund (EPF)… Read more »


Zeti: I will see through my term as Bank Negara head

The Malaysia central bank governor Zeti Akhtar Aziz has denied rumors that she was resigning from her position, noting that she will complete her five-year term, which ends in April next year. If the Bank Negara Malaysia chief steps down at the end of her term come April, she would have… Read more »