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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 private. The share sale in Kuala Lumpur could take place as soon as the second half of this year, the ...
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 Ratings move to place the Malaysian banking sector on a negative rating outlook, AmBank Research banking...
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 people's 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 worship, schools and business premises will be shut except for markets that supply daily needs, Prime Mi...
[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.