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    1299   HK0000069689


End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 11/29
83.9 HKD   -0.83%
11/24Hong Kong shares gain on Meituan, AIA boost
11/24China stocks slip as new energy, agriculture firms weigh
11/17Shanghai stocks edge higher as non-ferrous metals firms gain
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AIA : Malaysia's CTOS signs 20 cornerstone investors for $290 million IPO, including AIA -sources

06/17/2021 | 10:12am EST
FILE PHOTO: An investor monitors share market prices in Kuala Lumpur, Malaysia

KUALA LUMPUR (Reuters) - Malaysian credit reporting firm CTOS Digital Bhd has secured more than 20 cornerstone investors for its planned public market debut next month, including AIA Group Ltd and Aberdeen Standard Investments, two sources familiar with the deal said.

Other funds signed on for what is set to be Malaysia's biggest initial public offering so far this year are Fidelity International, Eastspring Investments and other local asset managers, including two of the largest government-linked funds.

Bloomberg reported earlier that the company was in talks to sign up these investors as cornerstone shareholders.

The credit information and analytics solutions provider could price its IPO at 1.10 ringgit per share, one of the sources said, helping it raise 1.2 billion ringgit ($290 million) and valuing the company at 2.4 billion ringgit.

The other source said the IPO had also attracted domestic and foreign institutional investors that are first-time cornerstone investors in a Malaysian IPO.

"Level of interest in this cornerstone round is astounding," the source said.

CTOS is expected to file its IPO prospectus by the end of this month, the sources added.

CTOS, AIA, Aberdeen Standard and Eastspring did not immediately respond to requests for comment after working hours. Fidelity declined to comment.

Reuters reported last month that the IPO had attracted commitments from foreign and local institutions early on in the process.

The sources had said some investors in the Mr DIY Group IPO were keen to join the CTOS offering. Both Mr DIY and CTOS come from private equity firm Creador's stable.

Creador, which owns 80% of CTOS, took Mr DIY public in a 1.5 billion ringgit IPO last year that has bolstered confidence in CTOS' offering.

Creador did not immediately respond to a request for comment.

($1 = 4.1380 ringgit)

(Reporting by Liz Lee; Editing by Mark Potter and David Evans)

By Liz Lee

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIA GROUP LIMITED -0.83% 83.9 End-of-day quote.-11.68%
MR D.I.Y. GROUP (M) BERHAD -0.57% 3.5 End-of-day quote.12.18%
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Analyst Recommendations on AIA GROUP LIMITED
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Financials (USD)
Sales 2021 35 656 M - -
Net income 2021 6 617 M - -
Net Debt 2021 - - -
P/E ratio 2021 19,4x
Yield 2021 1,79%
Capitalization 130 B 130 B -
Capi. / Sales 2021 3,64x
Capi. / Sales 2022 3,33x
Nbr of Employees 23 000
Free-Float 100,0%
Duration : Period :
AIA Group Limited Technical Analysis Chart | 1299 | HK0000069689 | MarketScreener
Technical analysis trends AIA GROUP LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 29
Last Close Price 10,76 $
Average target price 14,37 $
Spread / Average Target 33,6%
EPS Revisions
Managers and Directors
Yuan Xiang Li President, Group CEO & Executive Director
Garth Jones Group Chief Financial Officer
Sze-Wing Tse Independent Non-Executive Chairman
Biswa Misra Group Chief Technology & Operations Officer
Mark Konyn Group Chief Investment Officer