CIMB Holdings Placement
Khazanah aims to raise around US$119m via selling 1% of CIMB Group. This is not the first selldown by Khaznah and most of the past deals have managed to hold above deal price.We covered one of the past selldown by MUFJ in our earlier note CIMB Group Placement - End of Strategic Ties with MUFG?.
In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
CIMB Group is an investment holding company. Through its subsidiaries, Co. is engaged in commercial banking, investment banking, Islamic banking, offshore banking, debt factoring, trustee and nominee services, property ownership and management, management of unit trust funds and fund management business, stock and share broking and the provision of other related financial services. As of Dec 31 2011, Co.'s operating divisions include: Consumer Banking, which includes retail banking, direct banking and cards and CIMB express; Corporate and Investment Banking; Treasury and Investment; Asset Management and Insurance; Foreign Banking Operations; and Support and others.
Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m.
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.
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