Malaysia

Malaysian tycoon Vincent Tan mulls over Cardiff City FC IPO, hires CIMB Group Holdings

Vincent Tan, owner of Malaysia's Berjaya Group, is looking to list Cardiff City Football Club on Singapore's Catalist. Tan controls a 51% stake in Cardiff City, which has been recently promoted to the English Premier League.

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Toshiba partners with real estate company to sell solar power to German households

Japan's Toshiba Corp. and German real estate major Gagfah SAS entered a joint venture to sell energy directly to residents in Germany. The deal could bring in a revenue of USD184 million to USD233 million to the Japanese conglomerate.

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Sime Darby purchases 70% stake in Australian car dealer

Malaysian conglomerate Sime Darby Bhd announced that it has agreed to purchase a 70% stake in Australian car dealer Brisbane BMW Unit Trust and LMM Holdings Pty Ltd for AUD22.7 million (USD20.75 million).

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Malaysia's Mahathir Mohamad resigns as adviser to state-run Petronas

Former Malaysian Prime Minister Mahathir Mohamad told reporters that he had stepped down from his post as an adviser to Petronas, the state-run oil firm.

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Indonesian government finally approves Axis takeover

Indonesia's Information and Communication Technology Ministry has finally approved the acquisition of PT Axis Telekom Indonesia (Axis) by PT XL Axiata (EXCL) on November 28.

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Beleaguered OGX seeks USD150 million in fresh capital from bondholders

Brazilian oil company OGX is reportedly in talks with bondholders about a USD150 million capital infusion in the struggling firm. OGX previously reported a loss of BRL2.1 billion and filed for bankruptcy with USD4 billion in debt.

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Malaysia's Kian Joo receives MYR1.46 billion takeover bid from Aspire Insight

Malaysian packaging solutions firm Kian Joo Can Factory Bhd got a MYR1.46 billion cash takeover bid from privately owned company Aspire Insight Sdn Bhd at MYR3.30 per share.

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Malaysian consortium secures GBP790 million syndicated financing for Battersea acquisition and development

The Malaysian consortium made up of Sime Darby Property, SP Setia Bhd and the Employees Provident Fund, have secured GBP790 million in syndicated funding to acquire the Battersea Power Station in the United Kingdom.

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Malaysian 7-Eleven convenience stores operator defers IPO

Malaysia's Seven Convenience Bhd. has postponed its planned initial public offering until March next year. The 7-Eleven convenience store chain, which filed for an IPO in September, is expected to sell 530.3 million shares in Bursa Malaysia.

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Report says property prices in Singapore led to Malaysia property bubble

The skyrocketing prices of properties in Singapore led to a corresponding property boom in Malaysia where overseas buyers are targeting to buy homes, according to a Bloomberg report.

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Carlyle eyes bolt-on acquisitions in Malaysia

Washington-based private equity firm Carlyle Group LP expressed its interest on bolt-on acquisitions in Malaysia, citing its very good experience with the acquisition of Davex Holdings Bhd last year.

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Generali buys minority stake in Generali Asia for EUR40 million

Italian life and non-life insurance company Generali bought a 40% stake in Generali Asia for EUR40 million. Generali Asia is a joint venture of Generali and Banca della Svizzera Italiana in Switzerland.

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Carousell lands USD800,000 in funding for Southeast Asia expansion

Singapore-based consumer-to-consumer marketplace mobile startup Carousell snagged USD800,000 in seed funding to be used for the development of its app and expansion efforts in Southeast Asia.

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Ledzworld rounds up USD5 million in funding for sales growth

Netherlands-based LED lighting solutions developer Ledzworld recently received USD5 million in funding to be used for the acceleration of its sales, manufacturing, and global expansion.

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Islamic pension funds can provide more capital to industries and markets

The experience of some Muslim dominated countries as to tapping Islamic pension funds for capitalization had reaped benefits.

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