Kuala Lumpur – According to a news report by Malaysia’s The Star, Astro Malaysia Holdings Bhd. shares dropped to its lowest closing point yesterday since it was re-listed three weeks ago on October 19. The company closed at RM2.65 and is now down 11.7% from its initial public offering (IPO) price of RM3. At present, it is unclear which parties have been selling down shares of Astro. So far, there has been no news of major shareholders selling off their stakes and no filings have been … [Read more...] about Astro shares continue downward trend
initial public offering
Malaysia’s Astro to raise RM5.5B in IPO
Malaysia – Pay-TV operator Astro Malaysia Holdings Bhd is offering up to 1.52 billion shares—which could be worth about US$1.75 billion (RM5.5 billion)—in its initial public offering (IPO) this year. This is Malaysia’s third largest listing this year, after Felda Global Ventures Holdings Bhd (RM9.93 billion raised in June) and IHH Healthcare Bhd (RM6.3 billion raised in July), according to The Star Online. In an updated prospectus exposure released last … [Read more...] about Malaysia’s Astro to raise RM5.5B in IPO
