Capital markets news | Mon 18 Mar 2024
Equity
- IT firm Vetece eyes ACE Market listing Edge
- RHB Bank subscribes additional 3.4 million shares in Boost Bank Star Mail Edge
- Local investors look to Frontken for exposure to AI boom NST
- Microlink plans RM89m rights issue to pay debt and for working capital Edge
- Reddit’s IPO 5 times oversubscribed Edge
- China tightens scrutiny over IPOs, listed firms to revive stock market Edge
- Abu Dhabi-backed firm in talks to invest in OpenAI chip venture Edge
Debt
- Parkson Retail Group Ltd enters into RM1.6b loan agreement Star Mail
- Reliance affiliate is top buyer of Indian electoral bonds Mail
- Asean Capital Markets Forum celebrates 20th anniversary this year Mail
- Singapore Airlines prices USD500m 10-year bonds Edge
Mergers and acquisitions
- NPC Resources sells RM165.11m palm oil land Mail
- China’s JD.com walks away from offer for Britain’s Currys Mail Edge
- France’s CMA CGM buys BFM-owner Altice Media for EUR1.55b Mail
- Vodafone sells Italian unit to Swisscom for EUR8b Mail Edge
- UBS targets US deals Edge
- Advent nearing deal to buy Canadian payments processor Nuvei Edge
- FLCT acquires German properties from Frasers Property at SGD188.9m Edge
Projects and business
- Binastra wins RM370m construction contract Star NST Mail Edge
- Fajarbaru wins Australian Defence contract Star Edge
- Kwasa Land partners Impiana for RM1.5b residential project NST Edge
- Petronas Gas to build RM650m compressor station in Selangor NST Edge
- Nissan considering partnership with Honda on EVs NST Mail
- South Korean banks give USD7.5b more for Polish arms deals Mail
- Adani’s next big test is USD2b airport for crowded Mumbai Edge
Economy and market news
- CPO futures to trade at current levels with upside bias next week Star
- Production of crude oil and condensate up 0.9% in 4Q2023 Star Mail
- China’s PBOC has no intention to actively drain cash Star Mail
- China keeps one-year medium-term lending facility rate at 2.5% Star Mail
- ECB’s Makhlouf backs June interest rate cut Mail
- Japan on cusp of ending its negative interest rates experiment Mail
- Copper surges to 11-month high of USD9k Edge
- Indian bankers get higher pay rise than Singapore and Hong Kong Edge
Legal and policies
- Malaysia keeps Apr crude palm oil export duty at 8% Star
- Apple settles USD490m over Tim Cook’s China sales comments Mail
- EU states back watered-down law on supply chain standards Mail
- Illinois jury orders Reckitt unit to pay USD60m in baby formula case Mail
- China’s police take coercive measures against Zhongzhi staff Edge
- Judge orders Byju’s to freeze USD533m Edge
- Uber to pay US$178 million to settle lawsuit with Australia taxi drivers Mail
