Reuters
2 minute read
KUALA LUMPUR, July 15 (Reuters) - An equity deal for a planned mega project near Malaysia s capital involving the government, developer Iskandar Waterfront Holdings (IWH) and its Chinese partner will not proceed by mutual agreement, the parties said in a joint statement.
The agreement on a 7.41 billion ringgit ($1.77 billion)acquisition for 60% equity in the Bandar Malaysia mixed commercial project by IWH and its partner China Railway Engineering Corp (CREC) lapsed on May 6 after a failure to meet conditions, the statement issued on Wednesday said.
Bandar Malaysia was due to house the terminal for the now-scrapped high-speed rail link between Kuala Lumpur and Singapore. The project, owned by TRX City, a subsidiary of the Ministry of Finance, was initially announced in 2011, cancelled in 2017 and reinstated in April, 2019.
Malaysia Aviation Group opens tender to sell six Airbus A380-800 planes
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Malaysia s CTOS IPO oversubscribed by retailers by 27 6x
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By Reuters Staff
1 Min Read
KUALA LUMPUR, July 8 (Reuters) - Malaysia’s CTOS Digital Bhd, which is planning a 1.2 billion ringgit ($287.08 million) listing later this month, saw the retail portion of its initial public offering oversubscribed by 27.6 times, it said in a statement on Thursday.
The credit reporting firm received 51,494 applications for 1.26 billion shares, out of 44 million shares made available to the Malaysian public in the market’s biggest listing so far this year.
The institutional offering was fully subscribed by 23 cornerstone investors including AIA Group Ltd, Aberdeen Standard Investments and two of Malaysia’s largest government-linked funds, the Employees Provident Fund and Permodalan Nasional Bhd.