Capital markets news | Wed 20 Mar 2024
Equity
- LEAP-listed Steel Hawk files draft prospectus for transfer to ACE Market Edge
- Robo-advisory firm Airo launches shariah-compliant portfolios Edge
- Soonicorn Collective fosters Malaysia’s start-up ecosystem Edge
- IPO-bound Reddit discloses patent infringement complaint from Nokia Edge
- Online brokers in Singapore woo investors with lower fees Star
- Commodities startup Abaxx raises cash Star
Debt
- Sinar Kamiri’s sukuk AA- rating affirmed MARC
- Encorp Systembilt’s AA1 sukuk rating affirmed RAM
- Wilmar gets 2nd USD100m sustainability-linked loan from Bank of East Asia Edge
- Real estate pain is showing up in an obscure investment product Edge
- South Korea provides USD315b policy loans for carbon emission cut Star
- Barings lawsuit over talent raid ups the ante in private credit tussle Star
Mergers and acquisitions
- Bonia to acquire 30% stake in ITSH for RM7.5m Star
- Is M&A less likely at AMMB after ANZ’s move? Edge
- Asdion to buy 51% stake in Indoexpress Star
- Venture Global purchases LNG shipping fleet Star
- AstraZeneca buys US biopharma firm Fusion for USD2.4b Mail Edge
- Unilever to spin off ice cream unit, cut 7,500 jobs Star Mail Edge
Projects and business
- KJTS wins RM6.6m contract from Takaful Malaysia Star
- EITA Resources gets RM48m substation job from TNB Star NST Edge
- YTL Power creates advanced supercomputer Star NST Edge
- Dutch firm to build world’s first black pellet plant in Pahang NST Star Edge
- MinRes to develop Goldfields lithium processing hub Star
- Qantas under pressure from big business to find more clean fuel Edge
- Singtel announces new business with Nvidia GPUs Edge
Economy and market news
- CPO to pull back to RM3,800-RM4,000 in Apr Star NST Mail
- Bank of Japan makes first rate hike in 17 years Star Mail
- Australia’s central bank holds rates as expected Star Mail
- Nascent growth appears for active Singapore ETFs Star
- Philippines expects USD6b casino investments in next 5 years Edge
Legal and policies
- KPMG highlights E.A. Technique’s going concern NST
- FGV gets sixth extension on public shareholding spread Edge
- SC kicks off SCxSC 2024 series of events Edge
- Sarawak Cable seeks more time over PN17 regularisation plan Edge
- Arbitration outcome of Felda-Rajawali dispute to be out soon Edge
- China unveils new steps to attract foreign investment NST
- EU to impose tariffs on Russian grain imports Mail
- Prosecutors seek death penalty for Vietnam financial scam mastermind Mail Edge
- Mainlanders surge into HK property after stamp duties scrapped Mail
- Vietnam luxury property boss on trial in USD355m bond scam Mail
- Saudi Aramco CEO calls energy transition strategy a failure Mail
- India’s Adani Green Energy aware of US probe into 3rd party Edge
- US DOJ to target pre-IPO artificial intelligence frauds Edge
- South Korea to cut corporate and dividend income tax Edge
- Mexico to take over Vulcan Property Star
