atans1

Another M’sian mega-IPO

In Malaysia on 31/07/2012 at 5:30 am

 (Or “No FTs, but still the mega IPOs come)

Astro All Asia Networks has applied for approval to go public. The IPO will be worth M$4.7bn (US$1.5bn or S$1.9bn) a deal that would add to Malaysia’s dominant position in IPOs this year globally. Part of Ananda Krishnan’s empire, it was once a listco before he took it private a few yrs ago,

And its bourse’s CEO is local, not an FT nor is his number 2, unlike on SGX.

Related rant

http://atans1.wordpress.com/2012/07/23/another-co-decides-not-to-list-on-sgx/

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