IPOs Start to Flow in Southeast Asia
Companies in industries from real estate, cement to power generation are looking to raise nearly $1.5 billion in Singapore, Philippines and Indonesia. Previously, many companies delayed or scrapped their fund raising plans. Malaysia’s Sime Darby Bhd, the world’s largest listed palm oil producer by market value last year dropped plans for an IPO of its automotive business.
“Companies in industries from real estate, cement to power generation are looking to raise nearly $1.5 billion in Singapore, Philippines and Indonesia. “
~ Wall Street Journal
Deals now in South East Asia include Singapore IPO of Frasers Logistics & Industrial Trust, IPO of Cemex Holdings Philippines Inc. (Mexican cement and construction materials Cemex) and Indonesia power company PT Cikarang Listrindo Tbk.
About Sime Darby
Sime Darby is a Malaysia-based diversified multinational with operations in 26 countries & 4 territories and a total workforce of more than 130,000 employees. The group is involved in 5 core sectors, namely Plantation, Industrial Equipment, Motors, Property and Energy & Utilities.
Visit: Sime Darby
About Cemex Holdings
We are one of the leading cement producers in the Philippines, based on installed annual capacity as of December 31, 2015, according to the Cement Manufacturers Association of the Philippines. We produce and market cement and cement products, such as ready-mix concrete and clinker, in the Philippines through direct sales using our extensive marine and land distribution network. Our cement manufacturing subsidiaries have been operating in the Philippines for over 17 years, and have well established brands, such as APO, Island and Rizal, each of which has a multi-decade history in the Philippines. Our brand recognition and customer-centric direct sales approach have helped us develop a long-term customer base.
Visit: Cemex Holdings
About PT Cikarang Listrindo Tbk
PT Cikarang Listrindo Tbk is a power company that provides energy to industrial and residential customers in Indonesia. The Company’s plants use gas turbines that run on gas or liquid fuel. Cikarang Listrindo is based in Jakarta, Indonesia.
Visit: PT Cikarang Listrindo Tbk
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