Malaysia

Sapura Energy is looking to raise MR4bn ($976m) for a recapitalisation exercise from a combination of a rights and warrants issue and a sale of preference shares.

An overnight sell-down in Malaysia’s RHB Bank raised MR609.9m ($148.9m) for its Middle Eastern shareholder on Tuesday. The deal finally went ahead after a period of election-related uncertainty.

Mitsubishi UFJ Financial Group has named Goh Kiat Seng as co-head of global corporate banking for its Malaysian subsidiary, effective July 12.

Malaysia’s Sapura Energy plans to spin off its exploration and production arm through an IPO, having picked two banks to lead the transaction.

Maybank is on the lookout for a new investment banking CEO after John Chong Eng Chuan was picked to run its retail banking arm.

Malaysia’s edotco, a unit of telecommunications firm Axiata Group, is close to selecting banks for a possible $1bn IPO.

Malaysian state-owned oil and gas company Petronas’s chemicals unit has signed a bridge loan for $1bn as part of the conditions of its divestment agreement with Saudi Aramco.

Malaysian rubber gloves manufacturer Top Glove Corp has sealed a $310m loan, with robust support from banks making the deal 2.5 times covered.

Malaysian conglomerate UMW Holdings is planning a MR1.1bn ($282m) rights issue, as it raises funds for the acquisition of automotive company MBM Resources.

Dublin, Ireland-based Fly Leasing plans to raise a $1.3bn loan to acquire aircraft assets from budget carrier AirAsia.

Malaysia’s RHB Bank is deepening its presence in Vietnam with the full acquisition of Vietnam Securities Corp (VSEC), a stock brokerage and corporate finance outfit.

A $310m two-part borrowing to support Malaysian surgical glove maker Top Glove Corp’s acquisition of Aspion is oversubscribed, with a handful of banks committing to the deal.