Capital markets news | Wed 3 Apr 2024
Equity
- Johor Plantations gets SC’s approval for Main Market listing Edge Star NST
- Sersol to raise RM8.5m via private placement for working capital Edge
- Dolphin International aborts planned rights issue Edge Star
- EPF releases revised list of unit trust funds for 2024/2025 Edge Star NST
- Redx to quit London Stock Exchange’s AIM due to low liquidity Edge
- Investors are unwinding the ‘buy India, sell China’ stocks trade Edge
- US stocks tumble in ‘overbought’ market Mail
Debt
- Government is top bond issuer in 1Q Star
- IILM reissues USD740m short-term sukuk Star
- World Bank to issue USD1b hybrid notes Edge
- Florida high-speed rail senior muni debt rated investment grade Edge
- SoftBank-backed window maker to file for bankruptcy to cut debt Edge
- China’s largest bank to provide USD41b tourism financing Edge
- Hong Kong mall operator Lifestyle seeks up to USD1b loan Edge
- Rakuten offers USD1.25b junk bond in return to US market Edge
- Ares sells USD113m Denver office mortgage for ‘land value’ Edge
- Argentina defeats hedge fund suits over warrants Star
Mergers and acquisitions
- Zen Tech buys 70% of Alpha Fintech for RM10m Star NST
- Pakistan seeks bids to sell majority stake in national carrier Edge
Projects and business
- TAS Offshore secures shipbuilding contracts worth RM15.3m Edge Star
- GFM gets contracts to maintain facilities at Pengerang complex Edge Star
- AIMS to start building Cyberjaya Block 3, completion by 2Q2025 Edge
- DNeX’s Ping secures 3 more North Sea oilfield licences Edge Star NST
- Petronas explores carbon capture and storage with Japan’s Jera Edge Star
- Tabung Haji to focus on domestic investments Star
- Globaltec’s unit extends talks with PT Laras for methane supply Edge NST
- Mamee to invest RM150m in latest production technology Star
- Dassault’s ExecuJet moves to new Subang Airport MRO facility NST
- Parkson’s HK-listed unit inks 15-year commercial space lease in China Edge
- Intel discloses USD7b operating loss for chip-making unit Edge
- K-pop fans force Hyundai Motor to end Indonesia aluminium deal Edge Mail
- Japan approves USD3.9b in aid to chip venture Rapidus Edge Star
- McKinsey offers 9 months’ pay for staff to leave Star
Economy and market news
- Floods the main environmental risk in Malaysia Edge
- China dislodges US as SE Asia’s favoured partner Edge
- Goldman sees Indian banks’ profitability coming under pressure Edge
- US office vacancies near 20% in fresh high Edge
- Mexico halts crude oil exports to some markets Star
- Odds on Jun Fed rate cut dip below 50% Star
- Russia’s economy picks up early this year on multiple factors Star
- South Korea’s inflation at 3.1% for 2nd month in Mar Star
- US Fed official predicts higher long-term interest rates Mail
- Sterling ticks up as UK manufacturing recovers Mail
Legal and policies
- Citigroup urges dismissal of New York lawsuit over fraud scams Mail
- US asks South Korea to toughen up export controls on China chips Edge
- US regulators probing role of asset managers in banks Edge
- Singapore’s MAS expands regulated payment services scope to cover tokens Edge
- Australia to switch to new system for monetary policy implementation Edge
- Country Garden shares suspended in Hong Kong Mail
- Shell back in court in landmark Dutch climate case Mail
