GC
No cornerstone lock-ups for 7-Eleven IPO
7-Eleven Malaysia Holdings will be taking an unusual approach for Malaysian deals when it launches its MR720m ($220m) IPO in the second week of May. Cornerstone investors will not be subject to any lock-ups.
Unlike in Hong Kong, there are no rules restricting cornerstone investors in Malaysia, but they are nonetheless usually subject to a six month lock-up.
“The rationale for a lock-up is to create a sense that demand for shares is strong and cornerstones are happy to be there for ...Already a subscriber? Login
Further reading
-
Corp
Vedanta builds war chest for corporate revamp
-
FIG
CDB Leasing takes tight pricing approach, meets goals
-
Corp
Fantasia, Sunac find demand for new bonds
-
Regulation & Policy
China policy and markets round-up: Beijing hones in on green finance, southbound Bond Connect to launch before year-end, BOC, ICBC name new presidents
