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PETRONAS: Banks set to bid for it's 2 IPO

Petronas: Banks set to bid for its IPOs A number of local investment banks are in the midst of preparing proposals to secure the mandate to handle the initial public offerings (IPO) of Malaysia Marine and Heavy  Engineering Sdn Bhd (MMHE) and Petroliam Nasional Bhd’s (Petronas) petrochemicals business, industry sources said. It is understood that among those Petronas issued a request for proposal (RFP) are the investment banking arms of CIMB  and the AmBank group   Sources added that the deadline for submitting the proposals is sometimes next week and that the banks would be assessed on their broad approach to the IPOs. (StarBiz)