AirAsia to raise up to $600m for its Indonesia and Philippines IPOs next year

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Low-cost carrier AirAsia Bhd targets to raise up to $300 million each in the initial public offerings (IPO) of its Indonesia and Philippines units. The second-largest budget carrier in Asia by market value, is planning an IPO for its Indonesian business early next year that will raise about $300 million…. Read more »

Vietnam’s Sabeco prefers domestic investors for its share sale

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Vietnam’s largest beer maker, the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), has said it prefers domestic investors as strategic partners rather than foreign companies, in the upcoming state capital divestment. Meanwhile, a number of foreign brewers have been keen on acquiring a stake in the maker of 333 and Saigon Beer brand,… Read more »


Vietnam’s ceramic producer Viglacera to publicly list next quarter

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Vietnam’s state-owned building material firm Viglacera Corporation is planning to list during the third quarter of this year, later than expected by a couple of months. Viglacera chairman Luyen Cong Minh said the company will be listing on the Hanoi Stock Exchange, adding that the listing procedures are about to be completed. In… Read more »


Toyo-Thai’s subsidiary to raise $300m IPO on Singapore bourse

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Toyo-Thai Corporation, Thailand-based integrated engineering procurement and construction contractor, aims to raise about $300 million from listing its subsidiary Toyo Thai Power Holdings Pte Ltd (TTPHD) on Singapore’s stock exchange in the fourth quarter of 2016. Currently, Toyo-Thai holds around 58 per cent stake in TTPHD. This will decrease to… Read more »


Thailand’s Siamraj to launch IPO in second half of 2015

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Siamraj PLC, a Thailand-based NGV kits supplier and engineering turnkey processor , plans to sell 75 million shares, equivalent to 25 per cent of its capital, in its initial public offering (IPO) in the second half, in a bid to support its business expansion, the company said Tuesday. The company’s chief… Read more »


GCCP Resources aims to raise $20.8m from listing on SGX Catalist

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Malaysia-based rushed calcium carbonate producer GCCP Resources said it plans to raise around $20.8 million (S$28.1 million) by selling 122 million new shares at 23 cents apiece by way of a placement, from its initial public offering. This implies, it will garner a net of S$23.2 million for a Catalist listing… Read more »


Deltamas reviews IPO plans for $200m listing: Report

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Indonesian property developer Puradelta Lester (Deltamas) has initiated investor education ahead of an initial public offering (IPO) estimated to raise roughly $200 million, said a report in FinanceAsia, This capital would fund industrial parks infrastructure, with up to 10.8 billion primary shares — approximately 20 per cent of the total enlarged share capital… Read more »


Thailand’s GPSC to raise $312m from IPO in May

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Global Power Synergy PCL (GPSC), an electricity generator and a subsidiary of Thailand’s leading energy conglomerate PTT Group, expects to raise more than 10 billion baht ($312.5 million) by offering 374.57 million shares through its initial public offering (IPO) and get listed in the Stock Exchange of Thailand in the second quarter… Read more »


Fatfish’s iCandy valued at $31.3m, plans June listing

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Fatfish Internet Group Ltd announced today that its spin-off portfolio company iCandy Interactive Ltd will be valued at an enterprise value of A$40 million ($31.3 million) at the latter’s initial public offering (IPO) this June. The Internet venture group said in a statement that “after an internal restructuring and exit… Read more »


Malakoff’s IPO indicative at MYR1.80 max, to raise up to $756m

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Malakoff Corporation Bhd, the largest independent power producer (IPP) in Southeast Asia, will be offering up to 1.52 billion shares at the Malaysian stock market in less than a month, at a maximum indicative price of MYR1.80 per share. At that price, Malakoff will have a market capitalisation of MYR9 billion… Read more »