Eight cornerstone investors snap up Swift’s IPO


Logistics player Swift Haulage is backed by the Retirement Fund Inc (KWAP). It has a 13.61% stake in the group.

PETALING JAYA: AIA Bhd, HSBC Global Asset Management and Zurich Life Insurance Malaysia are among the eight cornerstone investors for Swift Haulage Bhd’s upcoming initial public offering (IPO) on the Main Market of Bursa Malaysia.

The other cornerstone investors are AmFunds Management Bhd, Nikko Asset Management Asia Ltd, Areca Capital Sdn Bhd, Kenanga Investors Bhd and UOB Asset Management.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Swift Haulage , IPO , Bursa Malaysia , AIA , HSBC ,

   

Next In Business News

Martijn Rene van Keulen to helm Heineken Malaysia from July 1
OCK proposed RM500mil ICP programme
Profit-taking in the market, KLCI down 0.14%
EPF balancing between retirement mandate and supporting members' economic survival
Asian stocks hit by US tech slide, FX subdued
CelcomDigi emphasises its significant role in protecting customers from AI-related risks
China's largest auto show showcases all-electric future, local brands dominate
Unilever beats first quarter sales forecasts, sticks to 2024 outlook
Oil steady as market weighs US demand concerns, Middle East conflict risks
HeiTech Padu targets stronger earnings growth after returning to black in 2023

Others Also Read