CIMB Group

An unnamed investor bagged MR489.3m ($116.1m) from the accelerated sale of shares in Malaysia’s Tenaga Nasional on Wednesday evening, after the deal priced at the tight end of the marketing range.

The largest Indonesian IPO in years was dealt a blow when Garuda Maintenance Facility AeroAsia (GMF) was forced to take a knife to its Rph3.2tr ($245.5m) trade. The pipeline for new listings in the country is now in a state of flux, despite looking much brighter only a few months ago. John Loh reports.

Bank of Tokyo-Mitsubishi UFJ cleaned up its position in CIMB Group this week, offloading more than 400m shares in an accelerated bookbuild to raise MR2.55bn ($607m).

Indonesian palm oil company Tunas Baru Lampung (TBLA) is looking for a Singapore dollar deal, marking its first bond in the currency as well as its maiden offshore deal.

Malaysian sovereign wealth fund Khazanah Nasional has pocketed MR571.2m ($133.3m) after selling a small piece of CIMB Group. A competitive bidding process for the mandate meant wall-crossing investors beforehand was impossible, leading to a slow but steady bookbuild.

B. Grimm Power raised Bt10.4bn ($305.9m) last Friday after pricing its Thailand IPO near the top of expectations, amid a recovery for stocks in the utility sector.

Lotte Chemical Titan sealed the largest Malaysian IPO in nearly five years this week, raising MR3.8bn ($884.0m). But the deal was anything but pretty. After a bungled first attempt at building a book, the issuer was forced to return with a smaller offering and lower price range. Jonathan Breen and John Loh report.

Malaysia-based Lotte Chemical Titan Holding has sealed its MR3.8bn ($884.0m) IPO at the bottom of guidance after reopening the deal on Monday at a lower price range and smaller size.

Malaysian petrochemical firm Lotte Chemical Titan Holding has relaunched its up to MR5.9bn ($1.4bn) IPO and is taking orders for a day, slashing the price range and offering size to secure additional long-only investors.

Lotte Chemical Titan Holding, the Malaysian arm of South Korean conglomerate Lotte Group, has finished bookbuilding for the largest Malaysian IPO since Astro Malaysia Holdings' listing in October 2012.

B.Grimm Power Public has begun the roadshow for its up to Bt11.8bn ($350m) IPO on the Stock Exchange of Thailand (SET).

The IPO of Lotte Chemical Titan Holding, the Malaysian arm of South Korean conglomerate Lotte Group, is due to price towards the bottom of its initial range, according to a banker on the deal.