Capital markets news | Wed 17 Apr 2024


Equity

  • M&A Securities underwrites KTI Landmark’s ACE Market IPO Edge NST Star
  • Carlo Rino files draft prospectus for listing transfer to ACE Market Edge
  • Bursa works with UK’s Mobilist to address UN SDGs funding gap Edge Star
  • Bain proposes Japan’s Kioxia IPO to clear USD5.8b loan refinance Edge
  • Microsoft-backed Rubrik targets USD5.4b valuation in US IPO Edge
  • Superdry to quit LSE in restructuring to turn it around Edge
  • Microsoft invests USD1.5b in UAE’s G42, will get board seat Edge
  • VN-Index plunges, loses USD10b in market cap Star

Debt

  • More positive rating actions in RAM’s portfolio in 2023 RAM Star
  • Short-term interbank rates close steady on BNM operations Mail
  • Paramount’s high-grade bondholders confront junk-status scenarios Edge
  • Bank Indonesia steps in to support weaker rupiah Star
  • Asian bonds see first monthly outflow in 5 on easing US rate-cut hopes Star

Mergers and acquisitions

  • MMC Port can sell stake to foreign firms but government must be notified Edge NST Star
  • Amundi to get 26% of Victory in exchange for US business Star

Projects and business

  • Multi-tiered automated rapid transit system planned for Johor Bahru Edge
  • Jentayu aims to sign PPA by mid-year Star
  • Intel to launch two AI chips for China with reduced capabilities Edge
  • GuocoLand awarded SGD779.5m tender for Upper Thomson land parcel Edge
  • HSBC slashes a dozen investment bankers in Asia on deals slump Edge
  • Chile’s Codelco explores new partnerships Star

Economy and market news

  • CPO price to taper off once seasonal production recovers NST Mail Star
  • AI boom needs nuclear, Constellation Energy CEO says Edge
  • El-Erian says world ‘frozen’ by strong dollar, high US rates Edge
  • Singapore SMEs remain contractionary for 5th consecutive quarter Edge
  • US Fed should not act urgently to cut rates unless required Edge
  • ECB is not dependent on US Fed on rate cuts Mail
  • IMF warns financial risks linger amid soft landing Mail
  • China urges FIs to boost credit for advanced manufacturing Mail
  • UK unemployment rises as wage growth eases Mail
  • China posts forecast-beating 5.3% growth in 1Q Mail
  • Thai government agencies to study legalisation of casinos Star

Legal and policies

  • Comfort Gloves goes to court over RM99m additional tax Edge
  • Serba Dinamik gets 2nd extension until 15 May for regularisation plan Edge
  • Canada hikes capital gains tax to raise CAD6.9b for housing Edge
  • HK’s Hang Seng Bank serves winding-up petition on Times China Edge

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