Analysis: U S IPO market a danger zone for Chinese firms after Beijing crackdown msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
2 Min Read
SINGAPORE/KUALA LUMPUR (Reuters) - Malaysian telecoms firm Axiata Group Bhd and Norway’s Telenor ASA are set to announce on Thursday a transaction that involves the Malaysian mobile operations of both firms, a source familiar with the matter said.
Trading in shares of DiGi.Com Bhd, which counts Telenor as its biggest shareholder, and Axiata, were suspended earlier in the day pending a material announcement, Axiata and DiGi.Com said.
The source declined to be identified as he was not authorised to speak to the media.
In response to a Reuters query, Telenor and DiGi.com declined to comment, while Axiata referred to a news conference to be held later on Thursday.
By Reuters Staff
1 Min Read
SINGAPORE, April 8 (Reuters) - Malaysian telecoms firm Axiata Group Bhd and Norway’s Telenor ASA are set to announce on Thursday a corporate transaction that involves the Malaysian mobile operations of both firms, a source familiar with the matter said.
Trading in shares of DiGi.com Bhd, which counts Telenor as its biggest shareholder, and Axiata, was suspended earlier in the day pending “a material announcement,” Axiata and DiGi.com said.
The source declined to be identified as he was not authorised to speak to the media.
Telenor, Axiata and DiGi.com didn’t immediately respond to a Reuters query for comment. (Reporting by Anshuman Daga; Additional reporting by Liz Lee; Editing by Sumeet Chatterjee & Shri Navaratnam)
4 Min Read
HONG KONG/SINGAPORE (Reuters) - Asian bourses from Tokyo to Singapore are considering rule changes to allow listing of SPACs, but some industry players say the region may not attract the kind of frenzy, or the massive billions of dollars, seen in the U.S. for such blank cheque firms.
FILE PHOTO: A panel displays a list of top active securities outside the Hong Kong Exchanges in Hong Kong, China February 28, 2018. REUTERS/Bobby Yip
The trend to list through Special Purpose Acquisition Companies (SPACs) has seen such floats raise $96 billion in the United States this year after a bumper 2020.
Asian SPAC listings face stern test as regulators consider rule changes wkzo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wkzo.com Daily Mail and Mail on Sunday newspapers.