Asean

The Thai government has hired three local and two international banks to work on the planned Bt100bn ($2.8bn) listing of the Thailand Future Fund (TFF), which sources said is slated to hit screens next year.

Just a few weeks apart, announcements were recently made by the Stock Exchange of Hong Kong (HKEX) and Singapore’s SGX respectively about changes to front line regulatory functions they perform. The approaches under these proposals couldn’t have been more different, writes Philippe Espinasse.

A subsidiary of Malaysian upstream oil and gas company UMW Oil & Gas Corp has approached the syndicated loan market for a $150m fundraising.

Commodities trader Trafigura is expected to launch its annual Asia-focused syndicated loan shortly, with the firm having sent invitations for roadshows in the region.

The Singapore Exchange (SGX) said following a post-mortem into its longest trading disruption last week that it is yet to find out why its backup system failed to kick in after a hardware malfunction.

BNP Paribas is losing a loan syndicate banker in Singapore, according to two sources.

China Jinjiang Environment Holding Co has told investors that its S$184.34m ($137m) Singapore IPO is comfortably covered, as the fixed price offering appears poised to sail through.

Oversea-Chinese Banking Corp has merged its two subsidiaries in the Mainland — OCBC Bank (China) and Wing Hang Bank (China) — in a bid to comply with the country’s single presence policy for foreign lenders.

Sona Petroleum has become the second special purpose acquisition company (Spac) in Malaysia to face liquidation after it failed to convince shareholders to approve a $25m buyout deal.

The Singapore Exchange (SGX) is planning to create a separate subsidiary that will assume all of its front-line regulatory functions, as the bourse looks to separate its commercial and regulatory roles.

Hospitality business Genting Hong Kong, which operates cruise liners, has signed a $500m borrowing to refinance debt taken for funding six vessels.

The Singapore Exchange (SGX) reopened for trading on Friday after a hardware glitch forced it to shut down for half of Thursday, in what was the longest trading disruption ever experienced by the bourse.