hong leong

The retail mall trust kicks off the roadshow today for an IPO of about $250 million and an indicated yield of up to 5.8% for 2013.

The trust, which focuses on retail malls in Malaysia, becomes the latest Reit to seek a listing in Southeast Asia as investors clamour for yield.

Woori Bank is lining up a subordinated-debt issue, while Industrial Bank of Korea, GS Engineering & Construction, Lotte Shopping, KDB and Hong Leong Bank are waiting in the wings.

Malaysia's Hong Leong Financial Group and Japan's Mitsui Sumitomo Insurance join forces in a strategic partnership to strengthen their life and general insurance operations.

MalaysiaÆs Hong Leong Bank will launch the first full service Islamic finance banking window in Hong Kong.

The Malaysian bank's Islamic insurance arm joins forces with Citi to offer a Sharia-compliant investment product.