FinanceAsia recently caught up with Udhay Furtado and Kenneth Chow, co-heads of Asia equity capital markets, Citi, on the health of the region's IPO market.
Marriott International Signs Agreement with Pt Pakuwon Jati Tbk to Build Three Properties in Indonesia s New Capital City webwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webwire.com Daily Mail and Mail on Sunday newspapers.
Indonesia s response to terrorist threats has grown much stronger since Bali bombings aspistrategist.org.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aspistrategist.org.au Daily Mail and Mail on Sunday newspapers.
Local interest in foreign warrants seems to be waning, as the predicament of the first call warrant issued on a Jakarta-listed company here indicates. OSK Investment Bank last week delisted the call warrant it had issued on PT Bumi Resources BK, called Bumires-C1, less than four months after listing it on Bursa Malaysia on Feb 3, 2010. However, this does not come as a surprise because Bumires-C1 was suspended just two weeks after its listing. The exercise to remove the instrument was on the grounds that response to the instrument was poor. “There was little interest in Bumires-C1. Hence, we decided to delist it,” says OSK head of derivatives and structured products Foo Keah Keat. A Bursa official says there were no takers for Bumires-C1 from the time it was listed until its suspension on March 1, 2010. Since the call warrant was offered by way of market making, there was no requirement for a minimum number of holders at the point of listing. “This was the first request for the de