Capital markets news | Tue 30 Apr 2024
Equity
- Kawan Renergy sets IPO price at 30 sen to raise RM33m Edge Star
- Mercury values ACE Market-bound Farm Price at 29 sen Edge
- TA Securities values ACE Market-bound Sin-Kung at 16.5 sen Star
- Foreign investors net buy RM292m, ending 8 weeks of net selling Edge Mail Star
- Singapore’s Hildrics increases stake in GIIB Star
- Chinese brokerage CICC cuts dealmakers’ base pay by 25% Edge
- Elliott builds large stake in Japan trading firm Sumitomo Star
- Japan’s oldest VC firm eyes 200% gain as unicorns proliferate Star
- Britain’s NatWest share sale to test UK equity market upswing Star
Debt
- Pelaburan Hartanah Berhad assigned Gold3 sustainability rating RAM
- Meta Bright gets RM28m financing from AmBank Star
- SC partners Islamic Development Bank on Islamic capital market Edge NST Star
- HHRG faces RM58m suit over loan default Edge
- Islamic Development Bank’s functions, roles need to be expanded Mail
- China firms go underground on Russia payments as banks pull back Edge Mail
- Boeing looks to sell USD8b bonds after reporting cash burn Edge
- BNM and MOF to host Global Forum of Islamic Economics and Finance Star
Mergers and acquisitions
- Gadang aborts Kwasa Damansara land buy after EPU rejection Edge
- Salcon buys 70% of SPH Dental for RM7m NST
- SES, Intelsat revive deal talks to form satellite giant Edge
- Deutsche Bank merger ends boutique freedom for Numis dealmakers Edge
- The trio of problems dogging Deutsche Bank’s Postbank arm Edge
- Billionaire Geiger said to near USD7b L’Occitane buyout Edge Star
- Blackstone strikes chord with USD1.6b bid for UK music firm Mail
- France moves to acquire key activities of tech giant Atos Mail
Projects and business
- QSR confirms KFC closure, says managing rising costs Edge NST Star
- Saudi ACWA Power keen on investing USD10b in Malaysia Edge Mail Star
- YTL REIT to develop Moxy hotel in Hokkaido for RM199m Edge Star
- Permodalan Kedah inks MOU with Korean firm for LRT in Langkawi Edge
- Tex Cycle JV to build RM100m Sabah waste management facility Edge Star
- Proton opens R&D facility in China’s Hangzhou Bay Edge Star
- Malakoff to expand operation and maintenance services to Bangladesh Edge
- TotalEnergies to boost investment in Malaysia’s upstream O&G Edge Star
- UOA to launch 2 projects worth RM2.7b by Jun Edge
- Oppstar partners Samsung to produce industrial integrated circuits Edge NST Star
- Censof’s digital insurance, takaful platform greenlit by BNM NST
