Malaysia

Malaysia's Serba Dinamik Group is planning to raise as much as MR600m ($150.3m) in an IPO that could hit the market by the end of 2016, according to a source familiar with the matter.

Mizuho Securities Co and Maybank Kim Eng have formed a partnership to boost their equity brokerage businesses by offering research and trading execution services between Japan and Malaysia.

Tulip Maple Berhad, a wholly-owned subsidiary of Telekom Malaysia, has printed its first sukuk to be sold outside of Malaysia.

MMC Corp, owned by Malaysian tycoon Syed Mokhtar Al-Bukhary, is considering spinning off its port assets in an IPO that could raise $750m-$1bn, according to sources close to the matter.

The Employees Provident Fund (EPF) of Malaysia is making a rapid return to the loan market, mandating two lenders for a £240m ($317m) new money trade.

Singapore’s Noble Group has sown up its S$719m ($522m) rights offering with a 173.7% oversubscription, according to a stock exchange filing on Monday.

There was a common thread in two new proposals by Malaysian and Indian regulators to reform their respective real estate investment trust regimes. Both countries are looking to increase Reit exposure to under construction or greenfield properties — moves that could give a much-needed boost to the asset class. John Loh reports.

Singapore’s authorities are set to take action against multiple banks where they have discovered failings in anti-money laundering controls relating to Malaysia’s scandal-hit investment fund 1MDB.

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

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 Securities Commission Malaysia (SC) has released a consultation paper seeking public feedback to improve its guidelines on real estate investment trusts (Reits), it said on Thursday.

Malaysia’s MRCB-Quill Real Estate Investment Trust is looking to raise MR427m ($106m) through an equity placement in the fourth quarter of this year to part-fund the acquisition of an office tower in the capital.