Capital markets news | Thu 14 Mar 2024
Equity
- KWAP emerges as CTOS Digital’s substantial shareholder NST Edge
- JAG proposes bonus issue and free warrants Edge
- Lee Swee Kiat announces one-for-two bonus issue Edge
- Prolintas IPO price fixed at 95 sen Edge
- HLIB values Zantat at 36 sen Edge
- Three Mideast wealth funds close in on the USD1t mark Edge
- Geely’s phonemaker unit taps banks for HK IPO at USD2b value Edge Star
- VC firm Social Capital fires two partners, hires law firm Edge
- CarbonCapture raises USD80m from Saudi Aramco and others Star
Debt
- Hong Leong Islamic Bank launches halal business financing Star
- CGS Malaysia issues RM400m commercial papers Edge
- Country Garden misses yuan bond payment for first time Edge
- BlueBay’s biggest macro bet is shorting Japan government bonds Edge
- Barclays focuses on debt capital markets to improve ROE Star
Mergers and acquisitions
- SingTel to sell Optus stake to Brookfield Mail Edge
- EQT to buy Mountain Valley Pipeline owner for USD5.5b Star
- Direct Line rejects improved GBP3.2b bid from Ageas Edge
Projects and business
- Gas Malaysia JV commissions operation of CHP plant Star
- Eversendai bags RM5.4b new projects Star NST Edge
- SCIB mutually terminates RM97.7m hostel contract NST
- Tropicana aborts Langkawi development agreement with Pantai Kok Resort Edge
- UBS cuts jobs at Asia private banking after profit slump Edge
- China to appoint Zhang Jinliang chairman of China Construction Bank Edge
- US developer Greystar targets France and Germany after price falls Edge
- Battery manufacturers unveil winter-proof cells Star
- Intel survives bid to halt millions in chip sales to China’s Huawei Star
- IMF launches leadership search with Georgieva tipped for second term Mail
Economy and market news
- Malaysia’s wholesale and retail trade sales up 5.4% in Jan Star Mail Edge
- UK economy grows by 0.2% in Jan Star Mail
- Thailand to benefit from semiconductor production rejig Mail
- Thai industrial sentiment falls slightly Star
- Rising mortgage defaults in China bring more pain to owners Star
- Iron ore set for USD100 test after slump on China demand fears Star
- BOJ to debate ending negative rates in March if wage survey strong Mail
- US aims to ensure domestic EV maker success as China boosts exports Mail
- US office market is world’s most oversupplied Edge
Legal and policies
- Jetson unit receives arbitration notice for 2018 RM88m contract Edge
- SC raids premises of listed firms Star
- Challenging but possible to finalise Rubber Price Mechanism this year Edge
- US House passes bill to force ByteDance to divest TikTok or face ban Edge
- Biden eyes Chinese shipbuilding subsidies as tensions simmer Edge
