Capital markets news | Fri 16 Feb 2024

Capital markets news | Fri 16 Feb 2024

Equity

• AmInvestment Bank underwrites Alpha IVF ACE Market listing NST Star Edge

• Norges Bank reduces CMS stake Star

• APB Resources is second largest Globetronics shareholder Edge

• Priceworth proposes one-for-two bonus issue of warrants Edge

• BlackRock’s ESG fund business soaring Star

• FWD weighs options after IPO delay Edge 

Debt

• Hektar REIT makes first issuance from RM500m MTN programme Edge

• WeWork seeks fresh cash with bankruptcy at critical juncture Edge 

Mergers and acquisitions

• GFM buy highway rest and service area rights holder for RM23m NST Star Edge

• Hume Cement sells Penang land to Skygate Mail Star Edge

• YNH’s RM170m land sale to Sunway extended fourth time Edge

• European Commission approves Korean Air-Asiana Airlines merger NST

• Chipmaker Renesas to buy software company Altium Star Edge

• SEC clears Trump’s social media deal worth USD10b Edge 

Projects and business

• HDB Singapore awards 2ha land to Sunway for housing development NST Mail Star

• PDC opens tender for Batu Kawan Industrial Park 2 Edge

• BHP says value of assets smashed by nickel price collapse Mail Star

• Microsoft bets on Germany in EUR3.2b AI push Edge

Economy and market news

• Ringgit rebounds ahead of 4Q GDP announcement Star

• Medical device sector to contribute RM20b to economy this year Mail

• Short-term interbank rates close steady on BNM operations Mail

• Analyst predicts Fed keeping interest rates unchanged in Mar NST

• Japan’s economy in recession Mail Star

• US retail sales fall sharply in Jan Mail

• Indonesia’s Prabowo faces policy scrutiny after free-market comments Mail

• UK economy falls into recession Mail Star

• Cisco announces laying off thousands of workers Mail

• Germany overtakes Japan as third biggest economy Mail Star

• German auto supplier Continental says to cut 7,150 jobs Mail

• Senior US Fed official backs careful approach to rate cuts Mail

• Singapore startups hope for Budget 2024 support Star

• Persistent US services sector inflation threatens soft landing Star

• Singapore’s Q4 economy grows slower than first estimates Star

Legal and regulatory

• SC seeks feedback on sustainability disclosure standards Edge