<div class=newsTextDataWrapInner><p>TOKYO (Nov 22): Bain Capital-backed Kioxia's market value is seen around ¥750 billion (US$4.85 billion or RM21.7 billion) in its initial public offering, a regulatory filing showed on Friday.</p></div>

<div class=newsTextDataWrapInner><p>The IPO will have a deal value of about ¥100 billion excluding overallotment.</p></div>

<div class=newsTextDataWrapInner><p>Bain and Toshiba will sell shares in the IPO. Separately, Kioxia will issue new shares, raising ¥27.7 billion.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Kioxia set an indicative price of ¥1,390 for both the secondary offering and new shares, the filing showed.</p></div>

<div class=newsTextDataWrapInner><p>A Bain-led consortium acquired the chipmaker from scandal-hit conglomerate Toshiba for ¥2 trillion in 2018.</p></div>

<div class=newsTextDataWrapInner><p>Bain scrapped plans for an IPO of Kioxia in October after investors pushed the buyout firm to almost halve the ¥1.5 trillion valuation it was seeking, <i>Reuters</i> has reported.</p></div>

<div class=newsTextDataWrapInner><p>The buyout firm also postponed a plan for a Kioxia IPO four years ago.</p></div>

<div class=newsTextDataWrapInner><p>Kioxia is due to list on the Tokyo Stock Exchange on Dec 18.</p></div>

<div class=newsTextDataWrapInner><p><i>Uploaded by Magessan Varatharaja</i></p></div>


Bain Capital-backed Kioxia's market value is seen around ¥750 billion (US$4.85 billion or RM21.7 billion) in its initial public offering, a regulatory filing showed on Friday.

Kioxia's market value set at US$4.9b in IPO

All parties to Israel-Hamas war have agreed that the Gaza ceasefire will take effect at 8.30am local time on Sunday, a few hours earlier than had been anticipated, Qatar announced.

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South Korea’s impeached President Yoon Suk Yeol appeared in court on Saturday to argue against a request for his detention to be extended after his arrest earlier this week.

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The Ministry of Transport (MOT) will hold talks with the Road Transport Department (JPJ) to enable the mobile application for the selling and buying of used motorcycles to be integrated with the mySIKAP system for simpler, faster and safer transactions.

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The Malaysian Anti-Corruption Commission (MACC) has detained four more individuals suspected of accepting bribes in return for assisting in processing and approving personal loan applications submitted by a financial consultancy firm.

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Phase 3 of the e-invoicing initiative has received over 4,900 early voluntary participants, according to the Inland Revenue Board (IRB).

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JF Technology Bhd (KL:JFTECH) co-founder and managing director Datuk Foong Wei Kuong, who became the second-largest shareholder of Cosmos Technology International Bhd (KL:COSMOS) on Wednesday, said he intends to tap into the growing opportunities within Malaysia's water infrastructure sector.

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Deutsche Lufthansa AG completed the acquisition of a minority stake in Italian carrier ITA Airways late on Friday after first making an offer for its competitor in January 2023.

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A four-day road ban on goods vehicles will be enforced in conjunction with the Chinese New Year celebration to alleviate traffic congestion and minimise the risk of accidents.

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Discussions are underway between the Malaysian Communications and Multimedia Commission (MCMC) and Microsoft, the owner of LinkedIn, regarding the licensing of the social media platform, said Communications Minister Fahmi Fadzil.

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<p>JF Technology Bhd (KL:JFTECH) co-founder and managing director Datuk Foong Wei Kuong, who became the second-largest shareholder of Cosmos Technology International Bhd (KL:COSMOS) on Wednesday, said he intends to tap into the growing opportunities within Malaysia's water infrastructure sector.</p>


<p>Malaysia's economy is projected to grow at a moderate pace of 4.5% to 5.0% in 2025, benefiting from strong economic fundamentals and an uptick in foreign investments, Hong Leong Bank Bhd or HLB (KL:HLBANK) said.</p>


<p>The Malaysian Anti-Corruption Commission (MACC) has detained four more individuals suspected of accepting bribes in return for assisting in processing and approving personal loan applications submitted by a financial consultancy firm.</p>


<p>The Ministry of Transport (MOT) will hold talks with the Road Transport Department (JPJ) to enable the mobile application for the selling and buying of used motorcycles to be integrated with the mySIKAP system for simpler, faster and safer transactions.</p>


<p>A four-day&nbsp;road ban on goods vehicles will be enforced in conjunction with&nbsp;the Chinese New Year celebration to alleviate traffic congestion and minimise&nbsp;the risk of accidents.</p>


<p>Discussions are underway between the Malaysian Communications and Multimedia Commission (MCMC) and Microsoft, the owner of LinkedIn, regarding the licensing of the social media platform, said Communications Minister Fahmi Fadzil.</p>


<p>Phase 3 of the e-invoicing initiative has received over 4,900 early voluntary participants, according to the Inland Revenue Board (IRB).</p>

<p>In a statement on Saturday, the IRB&nbsp;noted that the e-invoicing implementation had now entered the second phase and shown a promising increase in participation.</p>


<p>South Korea’s impeached President Yoon Suk Yeol appeared in court on Saturday to argue against a request for his detention to be extended after his arrest earlier this week.&nbsp;</p>


<p>Deutsche Lufthansa AG completed the acquisition of a minority stake in Italian carrier ITA Airways late on Friday after first making an offer for its competitor in January 2023.&nbsp;</p>


<p>Social enterprises have a vital role to play in addressing societal challenges and giving back to the community. Focusing on sustainable solutions and ensuring social welfare, these organisations’ earnest efforts greatly benefit communities and the environment. <em>City &amp; Country</em> speaks ...