The Malaysian government is about to receive one of its biggest tests of international investor confidence since the Asian crisis as Maxis and PLUS seek to concurrently raise up to $1.57 billion in new equity. For both companies the challenge is to re-launch the Malaysian equity market without having to make the kind of pricing sacrifices that have so far tempted international investors back to South East Asia.
In what all concerned are hoping will mark a true watershed, the two companies are seeking to move the market forwards both in terms of the amount of paper that can be absorbed and the valuations that can be achieved. Where the former is concerned, the...
