Malaysian companies plan Hong Kong IPOs

Reuters 13 June 2013
Malaysian energy and water company Ranhill Energy and Resources Bhd is expected to launch its initial public offering (IPO) on June 28 that will target raising 1.0 billion ringgit ($319.23 million), two sources said.
Ranhill Energy joins a queue of IPO aspirants who are taking advantage of ebbing political risk in the Southeast Asian country after May general elections concluded with a win for the long-ruling National Front.
Long-haul carrier AirAsia X Bhd is looking to raise $370 million in a listing, with pricing to take place on June 24. Malaysia’s state investor Khazanah Nasional Bhd plans to list its theme park business next year in an IPO that could raise up to $150 million.
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