Page 49 - Malayan Banking News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(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 asked not to be identified as the information is private. The mandates follow KV Asia’s approach i...

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 in 2021 is projected to be at 5.4% of gross domestic product (GDP), despite a slight reduction from ...

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 with a few weeks to go before a deadline for submitting binding bids, the people said. At least one...

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

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