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Cemex Holdings leads IPO list in the Philippines
CREATING a record in recent years, Cemex Holdings Philippines Inc became the largest initial public offering (IPO) to list on the Philippines Stock Exchange in 2016.
Lower debt, new share issuances on soft market
DEALS in the issuance of debt and new shares dipped in Malaysia this year from 2015 due to a softer market. Debt capital market issuances amounted to US$10.12bil from US$12.5bil last year and equity capital market deals fell to US$2.23bil from US$3.83bil in 2015.
Timely listing for Matang
Market is conducive with CPO trading above RM3,000, low inventory, weak ringgit against US dollar and biodiesel mandate
Singapore’s growth to remain modest in 2017
SINGAPORE’S economy has been hit hard by external headwinds in recent years.
A thrilling year for Indonesia
INDONESIA is set to wrap up the year as one of the top performing capital markets in Asia – this is spite of lingering fears of terrorism as well as an undercurrent of domestic political instability for the most part of the year.
Berli Jucker, Siam Cement hog limelight in Thailand
THAILAND saw one of the largest corporate bond issuances in the third quarter this year when Berli Jucker pcl, a company involved in consumer staples, packaging and healthcare products, completed the first issuance involving several tranches on Aug 31, raising US$1.62bil. This was followed by a further US$785.25mil in bonds completed at the beginning of this month.
Felda unit to buy PT Eagle High stake for US$505.4mil
KUALA LUMPUR: Federal Land Development Authority’s (Felda) subsidiary FIC Properties Sdn Bhd is acquiring the 37% stake in PT Eagle High Plantations Tbk that was previously eyed by sister company Felda Global Ventures Holdings Bhd (FGV) but at a 26% discount to the original price tag.