Sunway Construction plans $200m May Float

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Sunway Bhd’s construction arm, en route to a targeted listing in May 2015, could be submitting its prospectus next week to the Securities Commission (SC). A source in know of the listing exercise said, the group could be ready to put in its prospectus submission next week, Upon receipt of the registrable… Read more »

JAS Fund hopes to list upto $1b IPO this year

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Thailand’s Jasmine International’s  (JAS) Broadband Internet Growth Infrastructure Fund plans to issue initial public offering (IPO) within this year.The fund by the Thai-based integrated telecommunication service provider will provide capital to expand the company’s optical fiber network. The fund is waiting for clearance from the Securities and Exchange Commission (SEC) for the… Read more »


Indonesia’s Lion Air plans 2016 listing

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Indonesian air carrier Lion Group is planning an initial public offering (IPO) in 2016 and will use the proceeds to build an airport hub, vital for its future, its chief executive said, according to a report. “We are already talking to the banks about an IPO and will use the… Read more »


PT Archi launches up to $379m Jakarta float

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Indonesia’s gold mining operator PT Archi began roadshows, this week, for its upcoming initial public offer (IPO) that aims to raise between Rp3.5 trillion to Rp 4.6 trillion ($295 million to $379) million. PT Archi is part of the Indonesian conglomerate Rajawali Corp, controlled by tycoon Peter Sondakh. In addition… Read more »


Singapore’s Trans-cab to raise $114m from IPO

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Singapore’s second largest taxi-operator Trans-cab will sell 168 million shares, equivalent to 25% of the group’s enlarged share capital, in its initial public offering, aiming to raise up to S$114.2 million ($91.3 million) in the process. It has priced its shares at 68 Singapore cents (per share), putting the company… Read more »


Thaifoods Group plans year-end IPO

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Livestock processor Thaifoods Group (TFG) is planning  to raise funds through an initial public offering (IPO), during the next few weeks. The food processing conglomerate hopes to be listed on the Stock Exchange of Thailand (SET), before the year end. The proceeds from the IPO will be used by the company to… Read more »


Thailand’s CBG to raise $215m from IPO

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Thai energy drink maker Carabao Group PCL (CBG) is expecting to raise seven billion baht ($215.38 million) after pricing its initial public offering (IPO) at 28 baht per share, today. CBG will be selling 250 million shares, that represent 25% of the company’s equity capital, this month. The funds raised from the IPO will be spent… Read more »


Vietnam state cos to raise $77.5m in Nov float

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Vietnam’s five state-owned enterprises are expected to raise  $77.5 million through initial public offerings (IPOs), on the Ho Chi Minh Stock Exchange (HSX) in November. More government enterprise IPO’s are expected next month. The sale of shares is part of  government’s accelerated privatisation drive that might see listing of more than 400… Read more »


AIRA to bring foreign firms into Thai stock market

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AIRA Capital PLC, a firm that invests in financial companies, plans to get two foreign companies listed in the Market for Alternative Investment (MAI) in Thailand next year, The company is planning to bring more international financial products to the Thai investors by collaborating with foreign partners. “We are the advisor… Read more »


VNDirect Securities announces $25.85m bonus & rights issue

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Vietnam-based securities firm VNDirect Securities has announced a stock bonus and rights issue for the existing shareholders. The company will be issuing 55 million shares, valued at VND 10,000  to raise money ( VND 550000 million or $25.85 million) for increasing the charter capital for company’s operations. This will include: advanced professional development… Read more »