Rest of Asia
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Indonesia
It now aims to sell shares at 875-880 rupiah apiece to raise up to $611m
Greater China
The top securities regulator will no longer decide on pricing or approve listings, with its role becoming more supervisory.
The firm had previously explored listing in the Chinese mainland.
Berkshire, which started selling BYD shares in late August, has reduced its holding by over a third.
Lufax’s net profit dropped 67% to $190m in Q3 2022 from the same period of 2021.
The size of the deal could increase to $8b if market conditions improve.
The reforms will benefit investment banks and PE funds.
India
“Once the market stabilises, we will review our capital market strategy,” said the billionaire.
The Pertamina unit plans to offload a 25% stake in an IPO slated for Feb 20-22.