Malaysia’s Dolphin International to launch IPO on June 9, raise $8.7m

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Palm oil machinery manufacturer Dolphin International Bhd is heading for its listing on the Main Market of Bursa Malaysia next month in an initial public offering (IPO) that will see it raise MYR31.38 million ($8.68 million). At its prospectus launch yesterday, the company said half of its IPO proceeds will… Read more »

Crystal Trust to be delisted from Singapore Exchange Friday

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Crystal Trust that was earlier called Keppel Infrastructure Trust (KIT), will be delisted from the Singapore Exchange (SGX) from Friday, May 22, 2015, the company announced. This follows the announcement earlier this week that CitySpring Infrastructure Trust (CIT) had completed the acquisition of all the assets and liabilities of Keppel… Read more »


Thailand-based Bangkok Sheet Metal to launch IPO this year

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Thailand based Bangkok Sheet Metal PLC (BM) is preparing to raise funds through an initial public offering (IPO) by selling 200 million ordinary shares with at par value of 0.25 baht apiece. The company is to submit the first filing, to list on the Market for Alternative Investments (MAI), during… Read more »


PH’s iRipple to raise $448.4m in SRO, to change name & become holding co

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iRipple Inc, a listed tech firm in the Philippines, is planning a series of company changes – the corporate name, sole business- while seeking an increase of up to $448.4 million (P2 billion in the capital stock via stocks rights offer (SRO). The company informed the stock exchange on Wednesday… Read more »


Vietnam’s Masan Resources to list on the stock exchange

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Vietnam’s leading consumer goods-focused firm Masan Group, has said that its subsidiary, Masan Resources, will list shares within this year. The listing is aimed to “provide greater strategic flexibility and the right shareholder base for long-term growth”, Masan Group said in a statement. Masan Resources owns the Nui Phao mine,… Read more »


Thailand’s industrial estate developer AMATA to launch REIT this year

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Amata Corporation (AMATA) plans to raise funds through the initial public offering (IPO) for its first Amata Summit Growth Real Estate Investment Trust (REIT). The IPO that is expected to be worth up to 4.75 billion baht ($144 million), will be formally announced next week, according to the company’s source. The REIT will turn 88 (rental) factories,… Read more »


Malakoff opens steady, signals healthy liquidity & appetite for IPOs

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The largest Malaysian initial public offering (IPO) in three years, Malakoff Corporation Bhd’s debut on Bursa Malaysia shows that there is a healthy amount of liquidity in the market and an appetite for IPOs. The energy counter debuted on the market at MYR1.81, only a hairline higher than its MYR1.80… Read more »


Thailand’s frozen food wholesaler P-Mart plans $151m IPO in 2017

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Thailand’s leading frozen food wholesaler P-Mart Superstore Company expects to raise 5 billion baht ($151.51 million) through an initial public offering (IPO) by 2017. The funds from the IPO will be used  to expand its business in both the domestic, as well as international markets. The company has already appointed Asia Plus Group Holdings… Read more »


Thailand’s Superboard approves BAM listing this year

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Thailand’s State Enterprises Policy Commission or the Superboard has passed a resolution to propose to the Cabinet, to list Bangkok Commercial Asset Management (BAM) on Thai bourse, this year. The move will make BAM one of the the first state agencies to trades its shares in the stock market since the (military)… Read more »


Thailand-based WICE Logistics plans to raise up to $9m from Q3 float

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International logistics service provider WICE Logistics PCL plans to raise 200-300 million baht ($6 million-9 million) from selling 150 million shares, equivalent to 25 per cent of the total registered capital, through its initial public offering (IPO) by the third quarter of this year. It will offer 142.5 million shares… Read more »