Capital markets news | Tue 9 Apr 2024
Equity
- SBH Marine surges 16% in ACE Market trading debut Edge NST Star
- Topmix ACE Market IPO oversubscribed 59 times Edge Star
- Sabah-based KTI Landmark gets Bursa approval for ACE Market IPO Edge NST Star
- ACE Market-listed NationGate seeks transfer to Main Market Edge Star
- Datin Leong Kim Fong is substantial shareholder of Eden a month after TWL Edge
- EG Industries CEO emerges as substantial shareholder in Eduspec Edge
- Foreign selling of Malaysian equities hit RM1.2b year-to-date Edge NST Star
- Activist Oasis reveals 3% in Japan’s Kao to press for change Edge
- Philippines-owned Hotel101 to list in US via SPAC Edge
- Samsung Electronics shares offered in USD330m block sale Edge
- Lukewarm SE Asia IPO activity with 38 deals raising USD1b in 1Q2024 Edge
- Wall Street searches for AI winners across emerging markets Edge
- Spanish cosmetics group Puig to raise USD2.7b in local IPO Star
- HK leader considers more steps to boost stock market Edge Star
Debt
- Negative outlook on YNH’s BBB- rating extended MARC Edge NST
- Grab’s GXBank taps into MSMEs Edge
- HSBC helps funds navigate India’s bond market as inclusion nears Edge
- London’s bond market whisperer raises USD3.8t for country Star
- Bond market risks dislocation as needs surge Star
- Bank valuations at stake as EU splits with Wall Street over ESG Star
Mergers and acquisitions
- Pan Malaysia shareholders advised to reject takeover offer Edge NST
- Blackstone bet spurs biggest apartment rally since Dec Edge
- Pegatron in talks with Tata to sell its only India iPhone plant Edge
- UBS SuMi to acquire Credit Suisse’s wealth business in Japan Edge Star
- Australia’s APM Human Services gets AUD1.28b buyout offer from US firm Star
Projects and business
- Graphjet to set up facility in Nevada Edge Star
- Sarawak Consolidated bags RM162m PR1MA housing contract Edge NST Star
- Inta Bina wins RM348.92m Shah Alam contract Edge
- Nextgreen partners IOI Corp for RM600m paper pulp project Edge NST
- EVD gets RM59.64m smart building contract Star
- Genting pledges USD1b taxes to win NY City casino licence Edge Star
- TSMC wins USD6.6b subsidy for Arizona plant plus USD5b soft loan Edge
- US to award Samsung up to USD6.6b subsidy for Texas expansion Mail
- HSBC targets lifting wealth business in China, India Edge
Economy and market news
- CPO futures end lower, tracking soybean oil market Edge
- Malaysia’s fiscal deficit to narrow to 4.3% in 2024 Mail NST Star
- Malaysia’s manufacturing sales value up 0.7% to RM146.2b in Feb Mail Star
- Malaysia’s industrial production index up 3.1% in Feb Mail Star
- Malaysia needs robust carbon capture framework to become regional hub NST Star
- Central bank demand propels safe-haven gold to record peak Edge Star
- Philippine central bank keeps interest rates steady at 6.50% Star
- ECB tipped to pause one last time before Jun rate cut Star
- Singapore, Hong Kong woo family offices with different game plans Star
- Japan household spending down 0.5% in Feb Star
Legal and policies
- Meridian turns PN17 as auditor refrains from expressing opinion Edge
- Awantec appeals RM232m award for RM3.5b SKIN termination Edge NST
- Govt introduces tiered pricing for green electricity with lower tariffs Edge
- SSM issues consultative document on proposed Trust Companies Bill Edge NST
- Awantec applies to uplift affected listed issuer classification NST
- US initiates anti-dumping investigations on Malaysian producers Star
- US will not accept Chinese imports decimating new industries Edge Mail
- Thai PM says central bank should cut rates to help economic revival Edge
- Yellen threatens sanctions for Chinese banks that aid Russia Edge
- Chinese state bank asks court to liquidate developer Shimao Edge Star
- Credit Suisse appeals USD743m award at Singapore’s top court Edge
