One of Abu Dhabi’s sovereign wealth funds raised M$610 million $149 million after the market close on Tuesday by selling sale of a small stake in RHB Bank in what is only the second international follow-on offering out of Malaysia so far this year.
With only $732 million-worth of follow-on deals completed year-to-date, Malaysia looks set to record the lowest volume in secondary share sales since 2006, according to Dealogic. That is in sharp contrast to the robust activity of the last few years when at least $3 billion-worth of shares changed hands this way each year.
The shrinkage in secondary Malaysian...
¬ Haymarket Media Limited. All rights reserved.
