NST Online Business Times : latest
NST Online Business Times : latest |
| AirAsia X eyes up to US$300m IPO Posted: 12 May 2013 07:17 PM PDT HONG KONG: Long-haul carrier AirAsia X, founded by entrepreneur Tony Fernandes, began meeting investors on Monday to gauge interest for an initial public offering (IPO) in Malaysia worth up to US$300 million, according to a term sheet of the deal seen by Reuters. The company and its shareholders are offering 790.1 million shares, with 75 per cent of the offering coming from new shares, according to the terms. The deal is slated to be priced on June 24, with its debut set for July 10. AirAsia X plans to use 44 per cent of the proceeds to repay bank loans, with another 22 per cent set for capital expenditures, the terms said. CIMB, Credit Suisse, Maybank and Morgan Stanley were hired as joint global coordinators on the IPO.-- Reuters |
| KL shares open higher boosted by gains Posted: 12 May 2013 07:03 PM PDT Share prices on Bursa Malaysia opened higher today, bolstered by gains in banking and telco counters, dealers said. At 9.01am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 10.52 points better at 1,782.90, after opening 10.51 points higher at 1,782.89. Market breadth was positive, with 243 gainers and 18 losers, with 133 counters unchanged, 1,196 untraded and 22 others suspended. Turnover stood at 51.107 million shares worth RM31.22 million.
It said the benchmark index could oscillate with a slight positive bias today, possibly rising towards the immediate resistance barrier of 1,785. This comes as Wall Street made further gains last Friday, boosted by better corporate earnings, as major US bellwethers rose between 0.2 per cent and 0.8 per cent at the closing bell, it said. On the scoreboard, the Finance Index surged 175.76 points to 16,882.14 and the Industrial Index gained 4.68 points to 2,959.78. The Plantation Index, however, slid 4.0 points to 8,321.50. The FBM Emas Index advanced 69.271 points to 12,281.98 and the FBMT100 rose 68.61 points to 12,088.87. The FBM Mid 70 Index perked 67.84 points to 13,893.80 and the FBM Ace Index garnered 26.60 points to 4,381.87. Among actives, Frontken earned a sen to 8.5 sen, MAS-OR was unchanged at 6.5 sen and Cliq-Energy-Wa 13/16 added two sen to 36 sen. Heavyweights, Maybank jumped 20 sen to RM10.28, CIMB added 12 sen to RM8.41, Axiata gained 10 sen to RM7.03 but Sime Darby lost a sen to RM9.49.-- Bernama |
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