Maybank Investment targets possible IPO this year

Maybank Investment is talking negotiating with several companies to float their shares on the local bourse.

According to its CEO, Tengku Zafrul Tengku Aziz, He said the investment bank was involved in the upcoming initial public offering exercise for Felda Global Ventures Holdings, Gas Malaysia and Integrated Healthcare Holdings.

"Another three to five companies are in the pipeline. These are big companies," he said.

Last year, Maybank Investment Bank arranged for four big IPOs involving MSM Malaysia Holdings, Eversendai Corp, Bumi Armada and Pavilion REIT.

"We are quite bullish about the market's outlook even though the past few months have been quite challenging. We expect the market to gain its momentum in the next three to six months," Tengku Zafrul said.

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