Astro All Asia Networks Appoints CIMB Investment Bank as Lead Manager for Proposed IPO

14 Jun 2012

KUALA LUMPUR--Malaysian cable television operator Astro All Asia Networks PLC has appointed CIMB Investment Bank Bhd. as lead manager to its proposed initial public offering, a person familiar with the development said Thursday. Astro may later appoint other banks as managers to the deal and the company is aiming at selling the shares by 2012-end, depending on market conditions, the person said. Astro has a virtual monopoly on pay-to-watch TV services in Malaysia and operates eight terrestrial radio stations. The company was de-listed from the Malaysian stock exchange following a 2010 buyout by Ananda Krishnan and the investment holding arm of the Malaysian government, Khazanah Nasional Bhd. Astro officials weren't immediately available for comment. Astro All Asia Networks Aims for IPO by End-2012