Capital markets news | Tue 20 Feb 2024

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Capital markets news | Tue 20 Feb 2024

Equity

  • M&A Securities underwrites Zantat’s ACE Market listing NST Star Edge

  • Rexit main shareholders’ takeover offer unfair and unreasonable NST Edge

  • Creador increases stake in CTOS Star

  • Foreign buying on Bursa continues Star Edge

  • GFM Services to raise RM14.8m via private placement Edge

  • LEAP-listed ICT Zone Asia to transfer to ACE Market by 1Q2025 Edge

  • Dataprep aborts RM40m private placement for Bandung project Edge

  • TM should return cash to shareholders Edge

  • Saudi PIF and Singapore’s PSA mull Global Ports IPO Edge

  • Shanghai car rental firm eHi eyes USD300m US IPO Edge

  • CVC-owned perfume retailer Douglas to kick off IPO soon Star

Debt

  • YTL Power International’s AA1 ratings affirmed RAM

  • YTL Corp’s AA1 ratings affirmed RAM

  • Malayan Cement outlook raised to positive RAM

  • Kedah Cement’s sukuk programme ratings withdrawn upon maturity RAM

  • Pelaburan Hartanah Berhad assigned AAA corporate credit rating RAM

  • Maybank to disburse RM18b to SMEs in 2024 NST Star

  • Saudi National Bank hires banks for sustainable sukuk Edge

  • Chinese state banks set aside USD8b for property projects Edge

Mergers and acquisitions

  • Public Bank buys RHB’s Vietnam securities broker business NST Mail Star Edge

  • Wave of deals puts US shale oil back in focus Mail

  • PA Resources buys factory land for RM21m Star Edge

  • Indonesia and Vale agree on price for divestment Star

  • JD.com joins Elliott in bid for UK’s Currys Edge

Projects and business

  • Sibu to become green methanol bunkering hub Star

  • No more time extensions for delayed LSS4 projects Edge

  • Chinese EV maker Xpeng to hire 4k and invest in AI Star Edge

  • Pfizer inflammatory bowel disease drug wins EU approval Edge

Economy and market news

  • France cuts 2024 growth forecast as outlook darkens Mail

  • Real estate consultant JLL optimistic on Malaysian market Star

Legal and regulatory

  • Bursa reprimands CN Asia and fines 7 directors RM225k Mail Star Edge

  • Landmarks given third extension to submit regularisation plan Edge

  • China exempts stamp tax on offshore trade Star

  • Toyota Industries faces crackdown for engine emissions cheating Edge

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