Capital markets news | Wed 7 Feb 2024
Capital markets news | Wed 7 Feb 2024
Equity
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EcoWorld to reduce capital by RM500m to meet distribution target Star Edge
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Creador buys more shares in CTOS Star
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Property company Seal to enter RE via MSR Green Energy Edge
Debt
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WeWork explores bankruptcy loan options amid landlord dispute Mail Edge
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UBS to issue USD2b AT1 bonds in 2024 Edge
Mergers and acquisitions
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NPC Resources to sell oil palm land to Tamaco Plantation Star Edge
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Excel Force to acquire XR content publisher for RM18.15mil Star Edge
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Cloudpoint to become data centre solutions provider with new acquisitions Edge
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L’Occitane surges on report Blackstone considering buyout Star Edge
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Novartis to acquire cancer-focused MorphoSys for USD2.9b Mail
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Telkom Indonesia selecting adviser for data centre sale by 2H2024 Edge
Projects and business
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REDtone bags RM398.1m communications services contract from government Star Edge
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TSMC to build second Japan chip factory, raising investment to USD20b Star Mail Edge
Economy and market news
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Bank Negara highlights error in Google exchange rate data Star
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US may consider Malaysia as semiconductor industry partner Edge
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China’s top chipmaker SMIC reports a 55% fall in quarterly net profit Star
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State fund’s pledge to buy funds drive China stocks up Mail Edge
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Piedmont Lithium lays off 27% of workforce amid weak prices Edge
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Deutsche Bank no longer expects US recession in 2024 Edge
Legal and regulatory
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Iconic Worldwide receives resignation notice of auditor Star
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SC introduces focus scope assessment to cut time to market Star NST Edge
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YTL unit files a winding-up petition against Bina Puri NST Edge
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Bursa will suspend Reneuco if annual report not submitted by 8 Feb Edge
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Court rules Advance Information ex-ED breached fiduciary duties Edge
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Customs Department completes new office at ASB Labuan Edge
