Capital markets news | Mon 8 Apr 2024
Equity
- Main Market-bound Keyfield’s IPO oversubscribed 9.69 times Edge Star
- Alliance Islamic underwrites Farm Price ACE Market listing Edge NST
- TDM says no listing plan for its healthcare arm Edge NST
- KWAP becomes substantial shareholder of Farm Fresh with 5.07% stake Edge
- Investors in talks to help Elon Musk’s xAI raise USD3b Edge Mail
- HSBC’s top banker sees muted recovery for Hong Kong stock offerings Edge
- Thailand’s WYZauto gets USD2.25m funding from Vynn Capital and others Edge Star
Debt
- Sunway REIT’s MTNs assigned preliminary ratings of AA1(s) and AA2(s) RAM
- Kesturi’s senior sukuk AA- rating and junior bonds A- rating affirmed MARC
- Malaysia’s UOB Asset launches India bond fund before inclusion Edge
- KLCCP issues RM1.95b sukuk to fund purchase of 40% of Suria KLCC Edge NST
- Rush to cash will reverse a year after Fed rate cuts start Edge
- Thames Water’s parent company defaults on GBP400m debt Mail
- Italy expects debt to stay below 140% of GDP this year Star
- Riskiest junk bonds shunned in Europe on rising risk Star
- China central bank to set up USD70b tech re-lending programme Edge
Mergers and acquisitions
- Fast Energy pays RM14m for 28.15% stake in Vsolar via rights issue Edge
- Mah Sing buys Pulai land for RM103.7m in 2nd purchase in 4 months Edge NST Star
- Zaiyadal buys major stake in halal ecosystem solutions specialist Serunai NST
- J&J boosts heart device business with USD12.5b Shockwave Medical deal Edge
- Mitsui, Rohto to buy Eu Yan Sang International in SGD800m deal Edge NST
- US-based GE Vernova completes spin-off from GE Star
Projects and business
- Haily wins RM60m housing job in Johor Edge
- UEM Edgenta wins RM963m hospital support services contracts in Singapore Edge NST Star
- Samsung to hike Texas chip spending to USD44b Edge
Economy and market news
- BNM’s international reserves at USD113.8b at 29 Mar NST Star
- State allocates RM1.08b for water pipe upgrade Star
- India seeks USD100b a year in FDI as it woos China hedgers Edge
- Attention on monetary policy decisions in major economies Edge
- Company execs not ready for game changer AI Mail
- Copper hits 14-month high on fund buying and softer dollar NST Star
- Singapore retail sales increase 8.4% in Feb Star
Legal and policies
- Govt to announce 5G dual network policy in 2Q2024 NST
- China PBOC buys gold for 17th month as prices hit record Edge
- Dutch set to comply with US’ demands on China exports Edge
- New solar panel trade fight looms Edge
- India ed-tech startup Byju breached loan terms, small stake sale blocked Edge
- Yellen says China is too big to export its way to rapid growth Mail
- Mining magnate Andrew Forrest urges China to demand greener nickel Edge
