Baker McKenzie Advises Joint Global Coordinators and Bookrunners on MTT Shipping and Logistics’s MYR 652 Million IPO

Baker McKenzie acted as legal advisors to the Joint Global Coordinators and Joint Bookrunners, as to US federal securities laws and English law, in connection with the MYR 652 million initial public offering ("IPO") and listing of MTT Shipping and Logistics Berhad ("MTTSL") on the Main Market of Bursa Securities Berhad. The company's shares commenced trading today.

The listing of MTTSL represents the largest IPO for Bursa Securities Berhad's transportation & logistics sector since 2013.

CIMB Investment Bank Berhad is the principal adviser and, together with CLSA Limited and CLSA Securities Malaysia Sdn, the Joint Global Coordinators and Joint Bookrunners. Affin Hwang Investment Bank Berhad also acts as a Joint Bookrunner in this international IPO, which included an offering to retail investors in Malaysia and institutional investors internationally in reliance on Regulation S under the U.S. Securities Act of 1933.

The Baker McKenzie deal team was led by US-qualified Capital Markets Principal Alexander Stathopoulos in Singapore*, supported by associates Andre Sng and Natania Ng. London-based Corporate Partner George Marshall, supported by associates Avni Devgan and Akshay Prasad, advised on English law aspects of the IPO.

The Baker McKenzie team is among the leading international advisors on Malaysian IPOs, having recently advised on the listings of Sunway Healthcare, Eco-shop and Cuckoo International, among many others.

With one of the world's largest capital markets practices, Baker McKenzie advises issuers, investment banks, financial sponsors, selling shareholders other market participants across the full spectrum of equity, debt and public and private market solutions, including IPOs, rights issues and other follow-on offerings, debt issuances and complex, multi-jurisdictional acquisitions and divestitures.

Over the past three years, the Firm has advised on capital-raising matters across more than 40 stock exchanges worldwide and has been ranked for capital markets in more jurisdictions than any other by Chambers.

*Baker McKenzie Wong & Leow is the Singapore member firm of Baker McKenzie