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’Maxis enjoys its maxi IPO while Hopu pulls out of Minsheng
While the hype about Asian IPOs is largely focused on China and the seemingly endless stream of offerings on the Shanghai and Hong Kong exchanges, Malaysia on Thursday quietly and smoothly staged the region’s largest IPO of the year.
Asia’s markets are still dancing for IPOs
SocGen’s uber-bear Albert Edwards has been at it again, predicting on Monday that markets worldwide will hit a fresh low in 2010 and suggesting that a new global recession is on the way. Oh, and faith in growth stories is a “sick joke”,
Malaysia’s Maxis to float shares
Malaysia’s leading mobile phone operator was on Monday expected to price the IPO of 30% of its shares in the upper half of its target range of M$4.80 to M$5.50 ($1.42-$1.62), amid strong demand from both institutions and retail investors.
Saudi Telecom in $3bn deal for quarter of Malaysia’s Maxis
Saudi Telecom is to buy 25 per cent of Maxis, Malaysia’s biggest mobile operator, in a $3bn deal that represents one of the biggest foreign investments in Malaysia, reports the FT.
The investment will help finance efforts by Ananda Krishnan,
In Asia, ABN’s ‘tunnel vision’ pays off
Takeover, what takeover? While the many banking executives and lawyers involved in the battle for ABN Amro slug it out in Europe and the US, the bank’s Asian arm is motoring along just fine, notes the FT’s Sunny Tucker.
Malaysia’s Krishnan bids $5bn for Maxis
Ananda Krishnan, one of Malaysia’s richest men, has surprised the market by proposing to buy full control of Maxis Communications, the nation’s largest mobile operator, which he founded. The buy-out offer,