Malaysia: ANZ Bank nears deal to sell AmBank stake to pension fund


Stake sale is part of ANZ’s strategy to divest minority stakes in Asia.

Tencent’s WeChat Pay seeks licence for local payment services in Malaysia

Tencent Holdings Ltd has applied for a license in Malaysia to offer local payment services via its WeChat Pay, in what would be a first for the platform beyond mainland China and Hong Kong, the director of WeChat Pay’s global operation told Reuters. If approved, users in Malaysia will be… Read more »

Lotte Chemical slips on debut in Malaysia’s biggest IPO in 5 years

It raised 3.77b ringgit ($878m) in the IPO – the largest in Malaysia since 2012.

Malaysia: Lotte Chemical Titan raises $878m in country’s biggest IPO since 2012

Firm had earlier slashed its IPO size due to lukewarm investor interest.

Lotte Chemical Titan slashes Malaysian IPO size due to tepid investor response

It reduced its public shares on offer by a fifth and lowered the IPO price range.

Malaysia’s Lotte Chemical Titan to relaunch IPO at slashed price

Offering was earlier expected to price in the 7.60-8 ringgit per share range

Mavcap-Gobi’s $200m tech fund gets Bosch, Cisco, Unilever as anchor investors

Fund will focus on late-stage funding of tech firms in Malaysia and rest of SEA.

Malaysia: Geely finalises acquisition of stakes in Proton & Lotus

The acquisition is expected to be completed in three months.

Malaysia: VR firm Havson Group secures seed funding from 500 Startups

Malaysian VR Studio Havson Group has secured a round of funding from 500 Startups.

Shariah-compliant robo advisor Algebra to pilot in Asia before going global

Farrington’s Algebra also proves a Non-Shariah option.