Malaysian firms turn to private placements to raise funding

Fund search: Dialog Group Bhd, an oilfield services firm, mobilised RM161.48mil in June, the biggest local private placement so far in 2020.

KUALA LUMPUR: Malaysia’s corporates are turning to private share placements to raise funds as demand for public listings of bonds and stocks wanes and banks cut back on their lending.

The South-East Asian nation’s stock exchange saw 151 deals in the first nine months of the year, compared with 76 in the same period of 2019, according to data compiled by Bloomberg.