International buyers hungry for south-east Asian blocks
International investors are becoming increasingly hungry for exposure to south-east Asian equities. Their appetite is creating a boon for ECM bankers in the region, who can point to the illiquidity of secondary markets as a reason to turn to primary execution, writes Louisa Burwood-Taylor.
Indonesian technology company Elang Mahkota Teknologi raised Rp1.69tr ($179.1m) from sales in two local media companies last week, getting strong demand from investors in the UK and the US.
Bankers argue that international investors are turning back to Asian primary equity deals after slowing the pace of investment in
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