Malaysia

The Taiwan Stock Exchange Corp (TWSE) and Bursa Malaysia have signed a memorandum of understanding to explore capital market opportunities and expand cross border co-operation.

Malaysia’s Eco World International, which is planning a $500m IPO, will stick to its timeline for opening books in the third quarter of this year despite the risk of contagion from Brexit.

A subsidiary of Malaysian telecommunications company Axiata Group has approached the loan market for funds worth $100m.

Malaysia’s RHB Group is consolidating its organisational structure, creating a new group wholesale banking (GWB) division that will bring its products under one umbrella.

Boustead Holdings completed its MR1.05bn ($256.55m) rights offering on Wednesday with a slight oversubscription.

Barclays names new HK chief — Lee leaves Goldman loans team — Chadha departs from Deutsche — DBS India finds new banking head — Huray for RHB IB

Robert Huray is set to replace Mike Chan as head of Malaysian group RHB’s investment bank, according to sources close to the matter.

Malaysia Building Society has fixed the pricing on its MR2bn ($496m) two-call rights issue at MR1 a share, the company said.

Maybank has rejigged its top ranks with fresh appointments in its global banking and Islamic banking units, as well as the chief financial officer position, the Malaysian bank said.

Malaysia’s Khazanah Nasional sold nearly 2% of its stake in IHH Healthcare this week, raising MR828.7m ($200.5m) from what is the sovereign wealth fund’s first block trade in the company’s shares since its listing in 2012.

Khazanah Nasional has raised MR828.7m ($200.5m) by selling nearly 2% of its stake in IHH Healthcare, in what was the Malaysian sovereign wealth fund's first block in the company since its listing in 2012.

Malaysia’s WCT Holdings is aiming to list its construction arm in a MR600m ($148.78m) IPO by the second quarter of next year.