Malaysia firms turn to private placements to shore up funding

The Business Times | Oct 9, 2020 at 2:00 AM
  • Malaysia’s corporates are turning to private share placements to raise funds as demand for public listings of bonds and stocks wanes and banks cut back on their lending.
  • The South-east Asian nation’s stock exchange saw 151 deals in the first nine months of the year, compared with 76 in the same period of 2019.
  • Malaysian corporates were only able to raise RM4.15 billion on the local stock exchange through primary and secondary offerings as at Sept 30, a 43 per cent drop from the comparable period in 2019.