Page 25 - Malayan Banking News Today

(Feb 2): DXN Holdings Bhd, a Malaysian health supplement producer, has picked banks for an initial public offering in Kuala Lumpur that could raise about US$400 million, people with knowledge of the matter said. The company, backed by Southeast Asian private equity firm KV Asia Capital, has chosen CIMB Group Holdings Bhd, Credit Suisse Group AG and Malayan Banking Bhd. to help with the share sale, the people said. An offering could take place as soon as the fourth quarter, said the people, who ...

Continued foreign inflow into country bodes well for sector PETALING JAYA: The Malaysian bond market is set to remain robust amid lingering risks after witnessing eight consecutive months of net foreign inflows into the market. With the economic recovery underpinned by the financing of infrastructure projects, the government’s deficit financing due to stimulus measures and yield hunting activities by foreign investors, it spells good news for domestic bonds. The government’s fiscal deficit ...

AXA in Talks to Sell Singapore Unit Which Could Raise $700 Million By Chanyaporn Chanjaroen and Manuel Baigorri | January 20, 2021 HSBC Holdings Plc and Malayan Banking Bhd.’s insurance venture are among shortlisted bidders for AXA SA’s business in Singapore, which could raise about $700 million in a sale, according to people familiar with the matter. The British bank and Etiqa, majority owned by a Maybank joint venture, have proceeded into the next round...

Insurer was in talks with a financial adviser about potential sale last summer

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HSBC Holdings and Malayan Banking's (Maybank) insurance venture are among shortlisted bidders for AXA's business in Singapore, which could raise about US$700 million (S$928 million) in a sale, according to people familiar with the matter.. Read more at straitstimes.com.

Ramsay Sime was set up in 2013 to hold Sime Darby and Ramsay Health’s combined portfolio of hospitals in South-East Asia. KUALA LUMPUR: Ramsay Sime Darby Health Care Sdn Bhd has picked arrangers for an initial public offering in Malaysia that could raise about US$300mil, according to people with knowledge of the matter. (Maybank) and Morgan Stanley have been chosen to work on the planned listing of the health care firm, said the people, who asked not to be identified as the information is pr...

Strong liquidity and capital buffers set to avert downgrade by international rating agencies PETALING JAYA: Despite the Covid-19 pandemic showing no signs of abating, the Malaysian banking sector as a bellwether of the economy is expected to hold up from being downgraded by international rating agencies. Analysts and economists attributed this resiliency to the sector’s strong liquidity and capital buffers underpinned by the country’s strong fundamentals. Commenting on the recent Fitch Rati...

Ramsay Sime Darby Picks Banks for $300 Milllion IPO Bloomberg 1/11/2021 Elffie Chew and Yantoultra Ngui © Bloomberg A person looks at stock prices displayed in the trading gallery of the RHB Investment Bank Bhd. headquarters in Kuala Lumpur, Malaysia, on Tuesday, Feb. 17, 2020. Malaysia is restricting peoples movement nationwide to limit the spread of the coronavirus. The country is banning all visitors, and residents are barred from traveling overseas while places of worsh...

[KUALA LUMPUR] Ramsay Sime Darby Health Care has picked arrangers for an initial public offering in Malaysia that could raise about US$300 million, according to people with knowledge of the matter. Read more at The Business Times.