Elffie Chew
Stories by Elffie Chew
Malaysia’s Affin Bank weighs $123m IPO of asset management unit
Affin Bank owns 63% of Affin Hwang Asset Management, according to its 2019 annual report.
ShawKwei & Partners looks to sell tech component maker Beyonics for up to $400m
Beyonics was acquired by ShawKwei in 2012 for about $95m.
SG’s Viz Branz owner Ben Chng nears sale of majority stake
Chng is planning to sell a 51 per cent stake to Bahrain-based PE firm Investcorp Holdings BSC.
Malaysia’s Tenaga weighs listing of power generation unit
Tenaga counts state-owned Khazanah and Employees Provident Fund among its largest owners.
Indonesia’s Telkomsel looks to invest in Gojek via $150m bond purchase
Deliberations, including on size and timing, are ongoing.
Malaysia’s Sime Darby weighs listing options for healthcare unit
Sime Darby owns the unit with Australia’s largest private hospital operator Ramsay Health Care.
CVC-backed Thai MFI player Ngern Tid Lor weighs $1b IPO
The IPO would potentially provide an exit opportunity for the investor consortium led by CVC Capital.
Malaysia’s Top Glove mulls raising $1b in Hong Kong listing
Top Glove is working with advisers on the potential share sale in Hong Kong.
James Perry, CFO of fashion marketplace Zilingo, resigns to return to Citigroup
The veteran dealmaker joined Zilingo about a year ago.
Founders of Singapore’s Oddle are looking to exit the food ordering app
Oddle has raised $3.7m in the past three years and expects gross profit of $5.8m for year ending March 2021.
