Malaysia

The leads on Serba Dinamik Holdings are guiding investors towards the top of the marketing range on its MR584.1m ($130.5m) Malaysian IPO.

Goldman Sachs’ ECM team in Hong Kong has shrunk, with the departure of the co-head of ECM syndicate for Asia Pacific ex-Japan.

Raja Teh Maimunah Raja Abdul Aziz is set to join Malaysia’s AmBank Group as CEO of its investment bank, according to sources close to the matter.

ANZ and CIMB have both revealed plans to sell their respective stakes in Shanghai Rural Commercial Bank (SRCB) and Bank of Yingkou, as part of strategies to focus on their core businesses.

ECM activity in Asia has slowed to a trickle in the week before Christmas, but investors still have something to chew on courtesy of two real estate investment trusts in southeast Asia.

Khazanah Nasional pared some of its stake in Telekom Malaysia via an overnight placement last week, the country’s largest telecommunication deal in four years.

Indonesia’s move to pre-fund its 2017 financing requirements with a bond last week surprised the market. Views are mixed on whether it made the right decision but DCM bankers in the region hope other sovereigns will also look to make an early start on funding plans.

Malaysia’s MRCB-Quill Reit has raised MR487.9m ($110.1m) from a follow-on placement, executed during lunchtime on Thursday.

Malaysia's MRCB-Quill Reit is out with a placement of up to MR487.9m ($110.1m), which will close and price on Thursday afternoon local time.

The Monetary Authority of Singapore (MAS) has fined two more banks and sanctioned a former Goldman Sachs executive for breaches related to the disgraced Malaysian sovereign wealth fund 1MDB.

AirAsia is planning two IPOs, one of which will package stakes in all its southeast Asian low cost carriers into a Hong Kong listing, the airline’s group CEO said.

Malaysia’s Public Bank is returning to the loan market for a $500m five year deal via sole mandated lead arranger and bookrunner Standard Chartered.