| In the largest move since it invested $800m in an initial public offering (IPO) by the Agricultural Bank of China in 2010, the Kuwait Investment Authority (KIA) announced in June it would be investing $150m into a Malaysian IPO.
This move is expected to take advantage of growth in south-east Asia. The IPO by IHH Healthcare, a Malaysian health care firm, is set to launch in July. Predicted to raise around $2bn, it will be the country’s second-biggest IPO for 2012. Reuters reported that the KIA “has been lately keeping its powder dry amid volatile markets”, noting that this investment shows a new tone for the authority. KIA will be IHH Healthcare’s largest foreign investor and the second-largest overall, after EPF, a Malaysian pension fund...............................................Full Article: Source
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