Capital markets news | Fri 12 Apr 2024
Equity
- Solarvest plans RM56.7m private placement to fund solar projects Edge Star NST
- Elridge Energy files for ACE Market IPO to raise funds for new factory Edge
- OCBC-backed Mega Fortris files for Bursa Main Market IPO Edge Star NST
- Taking the big LEAP to the ACE Market Star
- New substantial shareholder emerges in PN17 Bertam Alliance Star
- GFM Services gets nod for Main Market listing transfer Star
- MyCIF unveils incentives for MSMEs Star
- Elon Musk’s xAI seeks up to USD4b to compete with OpenAI Edge
- NYSE is trying to get Japanese firms to list in US Edge
- Japan’s Seven & i mulls listing of superstore operations Edge
- Branson’s USD520m Virgin Money exit exposes his SPAC scars Edge
- JPMorgan suggests using ‘cheap options’ to bet on Chinese stocks Edge
- AustralianSuper to double private equity assets Star
- French IT company Atos seeks EUR1b in new funding Star
- Global IPOs raise USD23.7b via 287 deals in 1Q Star
Debt
- Guan Chong and JB Cocoa rating outlook revised to negative MARC Edge Star NST
- Hong Kong considering tax rule change to lure private credit business Edge
- Thames Water fallout starts to spread to peers in bond market Edge
- Macquarie one of the lenders to troubled Thames Water Edge
- China’s ICBC plans USD5.5b sale of loss-absorbing bonds Edge
- Buffett’s yen bonds fuel speculation of more Japan investments Edge
- Ares seeks to buy most of USD1.3b loan for Hong Kong tower Edge
- Fitch cuts China’s ratings outlook to negative on growth risks Mail NST
- Euro zone government bond yields struggle for direction ahead of US data Mail
- StanChart executive says time running out for adaptation finance Star
Mergers and acquisitions
- Berjaya Food rises on news of potential buyout by Vincent Tan Edge Star
- Winking Studios to buy of Malaysia’s Pixelline Production Edge
- Capital A, AirAsia X extend negotiation period to Apr 30 Mail NST
- Far East Shopping Centre’s SGD908m en bloc deal aborted Edge
- Australia unveils sweeping M&A law changes that may curb deals Edge
- US investor Baker, Beetz-led group to buy Germany’s Galeria Edge
- HSBC to book USD1b pre-tax loss on Argentine unit sale Edge Mail Star
- Blackstone nears buyout of skincare company L’Occitane Edge
- UBS weighs Credit Suisse China stake swap with Beijing govt Edge Mail
Projects and business
- BYD got USD3.7b Chinese aid to dominate EVs Edge
- Intel unveils new AI accelerator in bid to challenge Nvidia Edge
- Microsoft to invest USD2.9b to expand AI, cloud infra in Japan Edge Mail NST
- India’s Ola to stop ride-hailing operations in international markets Edge
Economy and market news
- Improved business sentiments in 1Q2024 RAM Edge Mail Star NST
- Global offshoring a catalyst for office space demand in Malaysia Edge
- Tokyo office vacancies hit 3-year low, bucking global slump Edge
- Temasek eyes rich family businesses in USD18b Europe push Edge Star
- Singapore set to keep monetary policy tight, may ease in Oct Edge
- ADB forecasts Developing Asia growth at 4.9% in 2024 Mail Star
- ECB to set up Jun rate cut after rapid inflation fall Mail
- US CPI up 3.5% in Mar, dampening rate cut hopes Mail
- South Korea to invest USD7b in AI by 2027 Mail
- Bank of Korea set to hold interest rates during transition post-election Star
- Chile aims to set up sustainable jet fuel factory Star
- Global coal power grows 2% last year, the most since 2016 Star
- Hot competition in South Korea for 4th internet bank Star
- Carbon credits to get big boost from relaxed rules Star
- German companies keen to expand into Asean Star
- Tough competition for IPOs as markets recover Star
- Australia PM unveils plan to overhaul economy, invest in green energy NST
- Aluminium hits 14-month peak on fund buying in buoyant market NST
- Thai central bank holds key rate at 2.50% NST
- Thailand to kick off USD13.8b handout scheme in 4Q NST
- Indonesia restricts electronic goods imports NST
- Electronics lead Vietnam’s 1Q exports 16.8% growth NST
Legal and policies
- Hong Leong sues Sarawak Cable for RM95.5m Edge
- SC revokes financial planner’s licence for false information Edge Star NST
- Ministries meeting on carbon legislation after Raya NST
- Vietnamese tycoon Lan sentenced to death over USD12b fraud Edge
- TikTok divestiture deadline could be extended to 1 year Edge NST
- West Virginia adds Citi, HSBC to restriction list over oil Edge
- EU to harmonise bankruptcy, corporate tax laws Edge
- Britain suspends import duties on over 100 items Mail
- KPMG to pay USD25m to US audit watchdog over exam cheating Mail
- UBS to face tougher rules in Swiss response to Credit Suisse rescue Mail Star
- Global accounting rule ends leeway over operating profit NST
