Southeast Asian block trades raise $917 million

The controlling shareholder of Malaysian mobile operator Maxis sells $740 million of stock, while Indonesia's Emtek trims its stake in two free-to-air TV channels to help boost their free-floats.

Southeast Asian block trades raise $917 million
Kuala Lumpur: at the centre of Southeast Asia's resilient capital markets

It has been a busy few weeks in the equity capital markets as issuers and existing shareholders take advantage of the latest market window to sell stock before companies move into a blackout period before their six-month earnings. Last night saw another three blocks hit the market, raising a combined $917 million.

The largest of them, by far, was a sell-down in Malaysian mobile operator Maxis by its controlling shareholder, which at the final price...

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