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SINGAPORE: PACC Offshore Services Holdings (POSH), part of the empire of Malaysia’s richest man Robert Kuok, has roped in Hwang Investment Management Bhd and Fortress Capital Asset Management as cornerstone investors for its Singapore listing.
KUALA LUMPUR: Malaysia's Icon Offshore Bhd, which offers support services to oil platforms, plans to add seven more vessels to its 32-strong fleet by the end of next year.
NEW YORK: JD.com, China's second-largest e-commerce company behind Alibaba Group Holding Ltd, said it expected to price its initial public offering of American depositary shares at US$16-$18 each, valuing the company at up to US$24.6 billion.
PETALING JAYA: Reach Energy Bhd, the fourth oil and gas special-purpose acquisition company (SPAC) to seek a Main Market listing on Bursa Malaysia, will be the largest initial public offering (IPO) for a SPAC by its fundraising size of RM750mil.
PETALING JAYA: Icon Offshore Bhd, whose listing exercise came under scrutiny, turned the tables on its sceptics by raising RM944.9mil to pave the way for its listing on the Main Market.
HONG KONG: Private equity firms TPG Capital and Carlyle Group are planning to raise about A$2.5 billion ($2.4 billion) in an initial public offering of shares in Healthscope Ltd, Australia's biggest private hospitals operator, a source with direct knowledge of the plan told Reuters.