Capital markets news | Fri 22 Mar 2024
Equity
- T7 Global plans RM42m via private placement for working capital Edge
- No further funding required from shareholders for MAG Star
- Shopping mall owner Siam Piwat mulling biggest Thai IPO since 2022 Edge
- Short sellers target US commercial real estate again Edge Star
- ESG passive funds financing oil and gas expansion Star
Debt
- Foreign investor interest in MGS and GII stayed muted in Feb RAM
- Truist insurance begins USD2.75b junk bond sale for LBO Edge
- Once-hot Chilean telco WOM now a bondholder’s headache Star
- Funds sell Indonesian bonds on fiscal fears Star
- A USD3.2t refinancing wall looms Star
- China looking to pare down its United States debt holdings Star
Mergers and acquisitions
- Sime Darby completes UWW Holdings acquisition NST Star
- Mah Sing says conditions fulfilled for RM392m Hulu Langat land acquisition Edge Star
- National World eyes Telegraph after UAE-backed deal hits wall Edge
- Heritage Provider Network revives plans for potential USD7b sale Star
Projects and business
- SunCon wins RM748m Selangor data centre contract Edge NST Star
- PTT Synergy bags RM299m Kelantan roads and bridge contract Edge NST Star
- MGB gets RM207.03m property development project in Sepang Edge
- Binasat unit clinches RM58.26m cable systems contract from TNB Edge Star
- MHS Aviation signs 7-year lease with Westair Helicopters Edge NST Star
- Yinson’s FPSO Atlanta sets sail to Brazil Edge Star
- UBS to close thousands of smaller Credit Suisse accounts in Asia Edge
- Alibaba’s ex-CEO joins low-profile China fund months after exit Edge
- Equinor spends USD6b a year to keep Norway oil and gas steady Star
Economy and market news
- Bursa Derivatives notches record level open interest Edge NST Star
- Short-term interbank rates close steady on BNM operations Mail
- US business activity stable in March, inflation picks up Edge
- Powell says balance sheet drawdown taper coming soon Star
- Taiwan central bank raises benchmark rate in surprise move Star
- Hong Kong central bank keeps key rate unchanged Star
- The Netherlands to assist Vietnam in sand mining Star
- Currie says oil will break above consensus view Star
- Lower LNG prices trigger surge in Asian spot market purchases Star
Legal and policies
- Capital gains tax exemption on unit trusts to boost capital market Edge
- MoF to study CGT exemption for companies not listed on Bursa Star
- US lawmakers want increased tariffs on Chinese-made drones Edge
- Two US senators planning bill against tax-free corporate mergers Mail
- Australia unveils minimum 15% tax rate for multinationals Mail
- Meta Platforms must face advertisers’ class action Edge
- 16 US states sue federal government over LNG permit ban Edge
