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Finance Asia recently named Morgan Stanley the Best Investment Bank of 2004 in its Finance Asia Achievement Awards. The Firm usurped Goldman Sachs, which had won the top prize for the past three years, based on the overall strength and balance of its business in the Asia Pacific region. Morgan Stanley was also named Best Mergers and Acquisitions House, Best Financial Institutions Group House, Best Technology House and Best General Industries House.
Across geographies, industries and product lines, Morgan Stanley eclipsed competitors in the range of transactions that it completed and was well positioned in the regional league tables in terms of deal volume. It ranked first in M&A business and second in equity capital markets.
Among its many milestones in 2004, Morgan Stanley could boast:
- advising Anheuser-Busch's acquisition of Harbin Brewery, China's first-ever hostile M&A deal
- revolutionizing equity raising in Korea with the Shinhan Financial block
- running the first-ever dual listing out of South Korea for LG Philips LCD
- completing more China equity deals than any other investment bank
- helping to re-open China's high-yield bond market for the first time since the 1990s with the Sino Forest offering.
Finance Asia also noted that Morgan Stanley had ended the year strongly with a number of $1 billion+ M&A deals. The Firm advised Indonesia's Excelcomindo on selling a controlling stake to Telekom Malaysia and is working with Korea's Doosan Heavy as the preferred bidder for Daewoo Heavy Industries.
View the full list of Asia Pacific awards won by the Firm in 2004.
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