Elffie Chew
Stories by Elffie Chew
Indonesia: CVC-backed sporting goods retailer MAP Active mulls $300m IPO
The company joins snack producer GarudaFood and toilet brand Toto's local distributor in planning to raise funds in the equity market.
Malaysia: CIMB’s Nazir said to plan $1b Southeast Asia PE fund
The fund plans to target investments in consumer, tech, logistics and financial services industries.
Malaysian pension giants pursue talks to buy stakes in foreign-owned insurers
Employees Provident Fund and KWAP have requested central bank approval to start deal negotiations with potential targets.
Malaysia: Axiata unit close to acquiring Veon Towers in $1b deal
The acquisition will make Edotco the biggest independent telecoms tower operator in the South Asian nation.
Malaysia’s AmBank, RHB Bank plan to scrap proposed merger
A merger would have offered ANZ an opportunity to sell its 24% stake in AMMB.
Malaysia’s $62b state fund PNB wants to hold less cash
The fund could reduce holdings in cash and money markets by at least 5 percentage points.
HNA said to schedule long-awaited vote on $1b CWT deal
In a sign that the beleaguered Chinese conglomerate is moving ahead with the deal.
Singapore’s Equis Energy said to seek binding bids for $4b power assets
I Squared Capital-led consortium is among those bidding for the Asia Pacific asset portfolio.
Prudential, Great Eastern, other insurers plan $2b stake sale in Malaysian units
The stake sales will help them comply with foreign ownership limits.
CIMB makes seven hires at Singapore bank in Asia top 20 push
5 of the hires have already started and the remaining 2 will join by September.
