Capital markets news | Wed 27 Mar 2024
Equity
- Keyfield takes orders for IPO to raise RM188m Edge NST Star
- Yinson’s Lim buys 50.2% of Icon Offshore and triggers MGO at 63.5 sen Edge NST Star
- Omesti disposes 3.47% of Microlink for RM18.55m Edge
- Trump’s media company valued at USD9.25b on Nasdaq debut Edge Mail
- Alibaba buys Cainiao for USD3.75b as it drops IPO plan Edge
- Carlyle weighs USD1b IPO for India IT firm Hexaware Edge
- Fisker talks with big automaker collapse, NYSE to delist stock Edge
- Bankrupt FTX sells stake in hot AI startup Anthropic Mail
Debt
- Legal dispute between reNIKOLA and EPCC contractors RAM
- 80% of sustainability-linked bonds not aligned with global climate goals Edge
- Swift plans new central bank digital currency platform in 1-2 years Edge NST
- Banks shying away from fossil fuels bolster private credits Star
- Vietnam central bank working on regulations for bad debt Star
Mergers and acquisitions
- Ewein buys Butterworth land for RM25.84m to build workers’ dormitory Edge
- Marine & General sold tanker for RM26m, to buy new chemical tankers Edge Star
- Britain’s Co-op Bank plans 400 layoffs as merger talks continue Edge
- Adam Neumann and partners offer USD500 mil for WeWork Edge Mail
Projects and business
- MCE gets contracts to supply Proton parts Edge NST Star
- Malakoff eyes new gas, solar plants in Tanjung Bin for energy exports Edge
- Kelington starts production of liquid carbon dioxide in Kerteh NST Star
- Picorp unit bags material contract from Saudi’s Kidana Development Corp NST
- Flood mitigation projects in the pipeline Star
- Rise of data centres a boon for Critical Holdings Star
- Scanwolf unit seals deal with TNB, Armani for solar PV system Star
- Sinopec and Total to build sustainable aviation fuel plant in China Edge
- UBS to boost Asia wealth and asset management Edge
- Ericsson lays off 1,200 staff in Sweden as 5G spending slows Edge
- StanChart CEO meets China FX regulator and launches investment bank NST
- Behind the plot to break Nvidia’s grip on AI by targeting software Mail Star
Economy and market news
- Malaysia among top countries in microchip exports NST
- Semiconductor players set to see rebound this year Star
- Old-hand China investors bet country can thrive despite US curbs Edge
- Thailand can lift tourism revenue by legalising casinos Edge
- US durable goods orders rebound, business spending outlook improves Mail
- Market liberalisation in China a big pull for foreign investors Star
- Vietnam raises coal imports to assure investors of no power cuts Star
Legal and policies
- Takaful industry says no directive from BNM to repatriate overseas income Edge
- Dewan Rakyat passes income tax and Labuan business activity tax bills Edge
- Federal Court decides on shareholders’ pre-emptive rights Edge
- Malaysia, South Korea restart free trade agreement talks Edge Mail
- FGV commits to lift WRO with remedial measures Star
- Canadian farmers not satisfied with EU trade deal Mail
- China files WTO complaint over US new energy vehicle subsidies Mail
- French budget deficit widens but govt vows no tax hike Mail
