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We were the Transaction Manager, Joint Principal Adviser, Joint Global Coordinator, Joint Bookrunner, Joint Managing Underwriter and Joint Underwriter for Malakoff's MYR2,739.1 million IPO
What We Do

We are a dedicated team supporting all equity and equity-linked transactions with a focus on origination, syndication, marketing and distribution. Helping companies execute primary market transactions such as Initial Public Offerings (IPOs), Rights Offerings, Placements and Offerings of Convertible Securities are some of the services we offer. In addition, we work with major shareholders to monetise part or all of their holdings via Block Trades or Placements.

Our core strengths include:

  • Market Leadership: a proven track record with a consistent top-tier ranking in the Malaysia Equity and Rights Offering League Table and ASEAN Equity Offering League Table. Over the years, we have been a part of key landmark equity transactions spanning the region, and involving a broad range of industries and countries.

  • Regional Network: local knowledge and expertise across the ASEAN region, with a global distribution network that provides a platform for effective marketing and distribution of our equity capital market products. 

  • Diverse Product Suite: a full spectrum of equity products including IPOs, Rights Offerings, Placements and Convertible Securities. Our products encompass a wide array of industries with coverage of over 15 sectors regionally, and we have a wealth of experience that we draw upon to execute successful equity transactions.

  • Financial Strength: the financial strength of Maybank Group, the largest financial services group in Malaysia, a top 20 Strongest Bank in the World by Bloomberg Markets and 4th in ASEAN in terms of total assets, is something we leverage to support our clients’ equity funding initiatives.

  • Award-winning Franchise: successfully completed numerous award-winning IPOs and placements of size, despite challenging market conditions. Awarded the Best Equity House (Malaysia) in 2013 & 2011 by IFR Asia and Best Equity House (Malaysia) in 2012 by Alpha Southeast Asia, acknowledging our significant achievements, capabilities and track record throughout the years. Further validated by repeat business from our clients.
What We Can Do For You

We provide advice and assistance to public and private corporations, individuals and financial sponsors in equity fund raising activities. Fulfilling our client's funding requirements and ensuring that the best outcomes are achieved are part and parcel of what we do. This includes specific advice and recommendations with respect to equity market conditions, offer structures and timing, distribution and price discovery mechanisms, investment case/thesis, investor profiling and selection, as well as aftermarket support/strategies. We raise equity capital via:

IPO

  • Also known as “going public”, an IPO is the first sale of shares by a company, inviting investors to subscribe to its shares.
  • There are two methods of offering, Public Issue (offering of new shares) and Offer for Sale (offering of existing shares).

Rights Offering

  •  The issuance of rights to a company's existing shareholders to buy a proportional number of additional shares at a given price (usually at a discount) within a fixed period.

Placements

  • The sale of shares of an already listed company to pre-identified investors as a way of raising capital/funds.
  • Two types of placements:
    • Primary – Sale of new shares by the company
    • Secondary – Sale of existing shares by a shareholder or the company (treasury shares).

Convertible Securities

  • The issuance of convertible securities such as convertible bonds, exchangeable bonds and warrants to raise money.
  • Companies that may be unable to tap the conventional sources of funding sometimes offer convertible securities as a way to raise money more quickly.
Our Notable Deals

IPOs

IMPACT REIT’s THB19,814.5 million IPO (2014)
First Ever REIT Listing in Thailand
Our Role: Sole Financial Adviser, Joint Bookrunner, Joint Lead Underwriter
 
Boustead Plantations Berhad’s MYR1,152.0 million IPO (2014)
Largest Initial Public Offering for 2014 in Malaysia
Our Role: Joint Global Coordinator, Joint Bookrunner, Joint Underwriter
 
7-Eleven Malaysia Berhad’s MYR834.0 million IPO (2014)
Largest Retail Initial Public Offering in Malaysian Corporate History
Our Role: Principal Adviser, Joint Global Coordinator, Joint Bookrunner, Joint Underwriter
Awards won: Best Deal (Malaysia) – Triple A
 
UMW Oil and Gas Berhad’s MYR2,715.0 million IPO (2013)
Largest Initial Public Offering for 2013 in Malaysia
Our Role: Transaction Manager, Joint Principal Adviser, Joint Global Coordinator, Joint Bookrunner, Joint Managing Underwriter
Awards won:
Best IPO Deal (Malaysia) – Alpha SEA
Best IPO Deal (Malaysia) – The Edge
 
Westports Holdings Berhad’s MYR2,236.3 million IPO (2013)
Second Largest Initial Public Offering for 2013 in Malaysia
Our Role: Transaction Manager, Joint Global Coordinator, Joint Bookrunner, Joint Managing Underwriter, Joint Underwriter
 
Travellers International Hotel Group’s THB17,745.9 million IPO (2013)
Second Largest Initial Public Offering for 2013 in Philippines
Our Role: Joint International Lead Manager, Joint Global Coordinator, Joint International Bookrunner, Joint Domestic Lead Underwriter
 
Astro Malaysia Holdings Berhad’s MYR4,554.9 million IPO (2012)
Third Largest Initial Public Offering for 2012 in Malaysia
Our Role: Joint Principal Adviser, Joint Global Coordinator, Joint Bookrunner, Joint Managing Underwriter
 
Felda Global Venture Berhad’s MYR10,430.1 million IPO (2012)
Largest Initial Public Offering for 2012 in Malaysia
Our Role: Joint Principal Adviser, Joint Global Coordinator, Joint Bookrunnner, Joint Managing Underwriter
Awards won:
Best IPO Deal (SEA) – Alpha SEA
Best Deal (SEA) for Minority Shareholders – Alpha SEA


Placements

Westports Holdings Berhad’s MYR468.4 million Secondary Placement (2014)
Fifth Largest Secondary Placement in 2014
Our Role: Sole Placement Agent
 
SapuraKencana Petroleum Berhad’s MYR989.0 million Secondary Placement (2014)
Largest Secondary Placement since 2013
Our Role: Sole Placement Agent
 
SapuraKencana Petroleum Berhad’s MYR1,643.6 million Primary Placement (2013)
Third Largest Primary Placement in Malaysian Corporate History
Our Role: Joint Adviser, Joint Placement Agent
 
Malayan Banking Berhad’s MYR3,658.6 million Primary Placement (2012)
Largest Primary Placement in Malaysian Corporate History
Our Role: Principal Adviser, Joint Placement Agent
 

Rights

Bumi Armada Berhad’s MYR1,979.0 million Rights Issue (2014)
Second Largest Rights Issue for 2014 and Seventh Largest in Malaysian Corporate History
Our Role: Joint Principal Adviser, Joint Global Coordinator, Joint Underwriter
 
True Corp’s THB65,000 million Rights Issue (2014)
Largest Rights Issue for 2014 in Thailand
Our Role: Joint Financial Adviser
Best Domestic Equity House in Malaysia by Asiamoney Best Bank Awards 2015