Capital markets news | Thu 25 Apr 2024
Equity
- Farm Price takes orders for ACE Market IPO to raise RM24.48m Edge NST Star
- I-Bhd to raise RM100m from preference share issue Edge NST Star
- GFM Services to transfer to Main Market on 26 Apr Star
- Google-backed AI firm Mobvoi is HK’s 3rd stock debut flop this week Edge
- Global funds sell Indonesian stocks in longest streak in a year Edge
- Hong Kong’s crypto ETF launches in test to be digital-asset hub Edge
- MyEG inks partnership to launch Hong Kong virtual assets Edge NST
- Funds raised by Singapore’s tech startups up 59% in 2023 Star
Debt
- Avaland assigned 1st-time ratings of AA3 and P1 RAM
- Eden’s major shareholder offers land in exchange for RM45.65m debt Edge
- GXBank to establish regional centre of excellence in Malaysia Edge Mail
- Country Garden extends bonds to avoid 1st local default Edge Star
- PBOC warns of rally in long-end government bonds Edge
Projects and business
- Sabah Ports ropes in DP World to manage Sapangar Bay container port Edge Mail
- Fajarbaru Builder bags RM252m Johor Bahru construction from WCT Edge Star
- Hibiscus completes Bunga Aster-1 well drilling, 1st oil in May Edge
- Suria KLCC shrugs off new malls, occupancy rate 98% at end-2023 Edge
- KLCCP Stapled Group on active lookout to expand portfolio Edge Star
- Malaysian automakers face rise of Chinese OEMs Edge
- Sapura Industrial inks MOU with Mili Tech for EV feasibility studies Edge
- OYO to launch 100 self-operated hotels in Malaysia for 2024 Edge
- France-based eolane launches RM45m facility in Kulim Hi-Tech Park Edge
- IWK is top 4 in sustainable development goal 6 pledge Mail
- Chin Hin to develop 2 lands with combined GDV of RM1.08b Edge Mail NST Star
- Geely’s Zeekr says expansion to Malaysia under consideration Mail
- Dutch dairy firm FrieslandCampina sets up technology centre in PJ Star
- SK Hynix plans USD15b chip expansion to meet AI demand Edge
- Investors revolt as Woodside expands in oil and gas Star
Economy and market news
- Data centres form bulk of Malaysia’s RM144.7b approved digital investments Mail Star
- World’s biggest energy traders are returning to metals Edge
- Japan’s yen hits 155 per dollar, weakest since 1990 Mail
- Indonesia hikes 7-day reverse repurchase rate to record high 6.25% Mail Star
- Vietnam’s economy to grow by 5.5% in 2024 Mail
- Singapore Mar inflation cools to 2½-year low 2.7% Star
Legal and policies
- Malaysia’s finance industry should mitigate fraud risks with right solutions Mail
- Govt to establish facilitation platform to oversee approved investments Star
- US regulator seeks USD5.3b fine for Terraform Labs, Kwon Edge
- LME takes aim at traders’ Russian metal games with new rules Star
- Overcapacity an excuse by US to target China products Star
