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 Great Eastern Life Assurance Malaysia IPO, A potential RM 5 billion IPO

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TSnexona88
post Jul 21 2017, 03:36 PM, updated 7y ago

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Singapore’s Great Eastern Holdings Ltd is exploring cutting its local holding to 70 percent through a sale or IPO, the people said, asking not to be identified because the details are private.

A sale of a 30 percent stake in Great Eastern Life Assurance (Malaysia) Bhd. could raise about 5 billion ringgit ($1.2 billion).

Foreign insurers have until end of June 2018 to reduce their holdings in local firms to 70 percent at most, one person said.

The country’s central bank has been weighing tougher enforcement of a cap on foreign ownership as it seeks to boost local participation in the industry, people familiar with the matter said in April.

https://www.bloomberg.com/news/articles/201...-malaysia-deals
theevilman1909
post Jul 21 2017, 04:03 PM

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One of the biggest IPO for next year rclxms.gif


ILoveLalat.net
post Jul 21 2017, 05:55 PM

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QUOTE(nexona88 @ Jul 21 2017, 03:36 PM)
Great Eastern Life Assurance Malaysia IPO, A potential RM 5 billion IPO
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Mwahahaha, I see what you did there. tongue.gif

Just kidding, like how you park in Prudential, I also come park in Great Eastern. brows.gif

EDIT: I just remembered that Tokio Marine has the potential of raising RM1 billion. Quick, someone open the topic and follow the heading! brows.gif brows.gif

This post has been edited by ILoveLalat.net: Jul 21 2017, 05:59 PM
num123
post Jul 21 2017, 06:02 PM

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any indicative price we are looking at?
TSnexona88
post Jul 21 2017, 06:55 PM

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QUOTE(ILoveLalat.net @ Jul 21 2017, 05:55 PM)
Mwahahaha, I see what you did there.  tongue.gif

Just kidding, like how you park in Prudential, I also come park in Great Eastern.  brows.gif

EDIT: I just remembered that Tokio Marine has the potential of raising RM1 billion. Quick, someone open the topic and follow the heading!  brows.gif  brows.gif
*
Was thinking wat to write.. Confused a bit...
Upcoming or potential is the choice tongue.gif

Then just pick yours only.. Change the figure only...

As for Tokio Marine, give others chance tongue.gif
ILoveLalat.net
post Jul 21 2017, 07:00 PM

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QUOTE(num123 @ Jul 21 2017, 06:02 PM)
any indicative price we are looking at?
*
Once the mock prospectus is launched up to the Securities Commission for viewing, we can estimate the indicative price range from there. Until then, we can only keep guessing the prices. nod.gif

QUOTE(nexona88 @ Jul 21 2017, 06:55 PM)
Was thinking wat to write.. Confused a bit...
Upcoming or potential is the choice tongue.gif

Then just pick yours only.. Change the figure only...

As for Tokio Marine, give others chance tongue.gif
*
Haha, actually it's a smart move, I like it! thumbup.gif thumbup.gif

Yeah, I also give chance for someone to open Tokio Marine, do not want to spam the forum boards. sweat.gif
Cubalagi
post Jul 22 2017, 12:35 AM

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Nowadays I only try small cap IPOs..


num123
post Jul 22 2017, 01:25 AM

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QUOTE(Cubalagi @ Jul 22 2017, 12:35 AM)
Nowadays I only try small cap IPOs..
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might you explain why the preference?
TSnexona88
post Jul 22 2017, 08:25 AM

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QUOTE(Cubalagi @ Jul 22 2017, 12:35 AM)
Nowadays I only try small cap IPOs..
*
Because of Lotte IPO tongue.gif laugh.gif

Vs Advcon performance rclxm9.gif drool.gif

This post has been edited by nexona88: Jul 22 2017, 08:26 AM
enriquelee
post Aug 2 2017, 02:38 PM

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Great Eastern will have IPO in Malaysia too? Roughly when?
TSnexona88
post Aug 2 2017, 05:06 PM

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QUOTE(enriquelee @ Aug 2 2017, 02:38 PM)
Great Eastern will have IPO in Malaysia too? Roughly when?
*
Not sure the date..

But according to rule...

Foreign insurers needed to reduced their stake by June 2018..

So its before that. . most likely year end or early next year..
enriquelee
post Aug 3 2017, 03:15 PM

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QUOTE(nexona88 @ Aug 2 2017, 05:06 PM)
Not sure the date..

But according to rule...

Foreign insurers needed to reduced their stake by June 2018..

So its before that. . most likely year end or early next year..
*
I see.

But recently all big IPO did not give good result. scare scare!
TSnexona88
post Aug 3 2017, 08:27 PM

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QUOTE(enriquelee @ Aug 3 2017, 03:15 PM)
I see.

But recently all big IPO did not give good result. scare scare!
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Hahaha I know the feeling...

Penny stock the way to go laugh.gif
TSnexona88
post Aug 4 2017, 10:19 AM

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Saw on the newspaper..

Seems like KWAP is very keen on investing into these upcoming Foreign Insurer Malaysia listing...

So it's like becoming Cornerstone Investors.. One is already confirmed.. Next in the list??
enriquelee
post Aug 4 2017, 11:48 AM

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QUOTE(nexona88 @ Aug 4 2017, 10:19 AM)
Saw on the newspaper..

Seems like KWAP is very keen on investing into these upcoming Foreign Insurer Malaysia listing...

So it's like becoming Cornerstone Investors.. One is already confirmed.. Next in the list??
*
What is Cornerstone Investors? Mind to explain?
TSnexona88
post Aug 4 2017, 11:59 AM

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QUOTE(enriquelee @ Aug 4 2017, 11:48 AM)
What is Cornerstone Investors? Mind to explain?
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They get to buy the IPO shared offered earlier...don't needed to go for balloting or bookbuilding.. Confirm get.. But with 6 month lockup period.. Mean cannot sell after listing for 6 month..
enriquelee
post Aug 4 2017, 02:23 PM

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QUOTE(nexona88 @ Aug 4 2017, 11:59 AM)
They get to buy the IPO shared offered earlier...don't needed to go for balloting or bookbuilding.. Confirm get.. But with 6 month lockup period.. Mean cannot sell after listing for 6 month..
*
I see, means public will get to buy lesser. Right?
theevilman1909
post Aug 4 2017, 04:21 PM

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KWAP to consider investing in Malaysia's foreign-owned insurers

http://www.thestar.com.my/business/busines...owned-insurers/

This post has been edited by theevilman1909: Aug 4 2017, 04:22 PM
TSnexona88
post Aug 4 2017, 08:19 PM

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QUOTE(enriquelee @ Aug 4 2017, 02:23 PM)
I see, means public will get to buy lesser. Right?
*
Normally public retail get the lowest allocation in any IPO..
Average 5% or lower offered tongue.gif
enriquelee
post Aug 5 2017, 11:08 AM

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QUOTE(nexona88 @ Aug 4 2017, 08:19 PM)
Normally public retail get the lowest allocation in any IPO..
Average 5% or lower offered tongue.gif
*
I mean lesser compare to those without cornerstone investor

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