Cases & Deals

Tan Ming-li and Cindy Cheang advised Swift Haulage Berhad on its IPO on Bursa Malaysia. Backed by cornerstone investors such as AIA Bhd, AmFunds Management Bhd, AmIslamic Funds Management Sdn Bhd, Areca Capital Sdn Bhd as fund manager of Areca Dynamic Growth Fund 10, Kenanga Investors Bhd, HSBC Global Asset Management (Hong Kong) Ltd, Nikko Asset Management Asia Ltd, UOB Asset Management (Malaysia) Bhd and Zurich Life Insurance Malaysia Bhd, Swift Haulage Berhad’s listing represented one of the largest IPOs in 2021. Swift Haulage Berhad listed with a market capitalisation of RM916.50 million.

Swift Haulage provides integrated logistics services comprising haulage, land transportation, warehousing and freight forwarding agency services. Headquartered in Malaysia, the integrated logistic operator has also expanded its presence in Thailand to offer cross-border transportation and freight forwarding.