Elffie Chew
Stories by Elffie Chew
Malaysia’s Maxis Communications set to lose $7b in Aircel bankruptcy
The loss from a failed 12-year foray in the Indian wireless market marks Malaysian tycoon T. Ananda Krishnan’s biggest-ever hit on a soured investme
Malaysian wealth fund Khazanah unit said to be in talks to sell Turkish insurer
The wealth fund expects as much as $300 million from the sale and will invite potential investors later this month.
HNA’s former Singapore partner AEP Investment said to revive IPO plan
AEP Investment Management plans to seek a market value of as much as $459 million and aims to list around the second quarter.
Malaysia’s Sime Darby mulling sale of stake in $1.7b Papua New Guinea arm
The Malaysian palm oil producer is considering selling 25% to 49% of the business.
China’s pharma tycoon said to mull $500m Singapore IPO of clinic arm
A $500 million offering would be the largest IPO in the city-state from a healthcare company in more than five years.
Mubadala explores sale options for its $920m stake in Malaysian lender RHB Bank
Mubadala’s stake is worth about $920 million based on Thursday’s closing price.
Malaysia: Axiata shares climb as carrier said to consider $500m tower IPO
The KL-based company may invite banks to formally pitch for a role on the deal this quarter.
Malaysia’s Samling said to prepare $250m IPO for auto biz
Samling is working with advisers to explore a possible dual listing of the business in Kuala Lumpur and Singapore later this year.
Indonesian Pizza Hut operator Sriboga Raturaya mulls $150m IPO
It will join Hermina Hospital Group and snack maker GarudaFood Group in seeking to sell stock.
Temasek preparing for $1b stake sale of Zuellig Pharma
The stake could draw interest from strategic buyers including Mitsui.
