Capital markets news | Thu 2 May 2024
Equity
- MKH Oil Palm dips below IPO price at close of maiden trading day Edge NST Star
- Bursa approves animation company Kucingko’s ACE Market IPO Edge NST Star
- Malacca Securities values Farm Price at 85% premium Star
- Green Packet’s 30% private placement to raise RM19.15m Edge
- Chin Hin’s Chiau family buys 18.31% of Ge-Shen for RM30.36m Edge
- Asia’s 1st spot bitcoin and ether ETFs gain in Hong Kong debut Edge Mail
- China Vanke’s 1st commercial REIT falls in early trade on debut Edge
Debt
- Sasaran Etika’s AA1 issue rating affirmed RAM
- UEM Edgenta’s ICP rating withdrawn on expiry MARC
- Apex Equity’s auditor unconvinced group can recover RM24m loan Edge
- Global forum to help Malaysia become top Islamic finance innovator Edge Star
- SME Bank gave RM47b to-date to MSMEs NST
- IsDB, LSE and ICMA launch sustainable sukuk guide Mail
- Boeing taps debt market to raise USD10b Edge NST Star
- Euro zone government bonds steady ahead of inflation data Mail
- Rate-hike risk creeps up on emerging markets Star
- Crypto washout sends bitcoin below USD58k into bear market Star
Mergers and acquisitions
- Deleum plans tech and regional M&A for future growth Edge
- Sale of Asia Metropolitan University for RM15m falls through Edge
- KSL buying Pulai land from Tropicana for RM211m Edge Mail Star
- Clement Hii buys out Navis’ 21% of SEGi for RM113m, triggers MGO Edge
- Ekuinas buys 80% of pharma ingredients maker Symbiotica Edge NST Star
- Bursa-listed China Ouhua uncertain on land transfer completion Star
- PTT Synergy buys land for RM36m for warehouse Star
- SES agrees to buy Intelsat in USD3.1b deal Edge
- L’Occitane chairman launches buyout at EUR6b valuation Edge Star
- Global upstream deals worth USD150b to fuel 2024 M&A activity Edge
- RedBird to sell Telegraph Mail
Projects and business
- Mirzan Mahathir to invest USD100m in South Sudan cement factory Edge
- Duopharma gets RM578m supply contracts from Pharmaniaga Edge Star
- Rimbunan Sawit FFB production to grow 40% Edge
- GUH secures RM69.49m subcontract job from Gamuda Edge Star
- Straits Energy delivers ISCC EU-certified marine biofuel Edge Mail NST Star
- ENGIE, UAC ink 20-year power purchase deal NST
- Shell exits China power market businesses Edge
- Microsoft to open 1st regional data centre in Thailand Edge Star
- Mauritius Telecom in talks for subsea cable to link Africa, Asia Edge
- Microsoft to invest USD1.7b in cloud, AI in Indonesia Edge Mail Star
- Barclays is winning Asia banking business Star
- AIA Singapore has a new wealth team and centre Star
- Top Glencore shareholders favour keeping coal Star
- Bangkok airports set for USD4.8b expansion Star
Economy and market news
- Malaysia’s official reserves at USD113.76b at end-Mar Mail NST
- Semiconductor plan timely for Malaysia in global supply chain Star
- US Federal Reserve keeps rates unchanged at 5.25%-5.50% Mail
- US consumer confidence at lowest level since 2022 Mail
- US lifts borrowing above forecasts to USD243b Star
- China’s factory activity grows for 2nd straight month Mail
- China overtakes Japan in Apr as Australia’s top coal market Star
- China’s economic outlook is far from gloomy Star
- Economists see the need for more stimulus in China’s economy Star
- Singapore manufacturing, services firms upbeat about next 2 quarters Star
- Singapore retrenchments fall for 2nd straight quarter Star
- South Korea exports rise for 7th month on growing chip demand Star
- South Korea’s industrial output falls by most in 4 years in Mar Star
- Progress in Indonesia’s plan to export solar power to Singapore Star
- Southeast Asia remains off-track in net zero ambitions Edge
- Interest in sustainability on the rise NST
- India’s mines and generators easily meet record power demand Star
- Japan’s factory activity shrinks at a slower pace Star
- New Zealand business confidence drops to 7-month low Star
Legal and policies
- Water supply company CEO, business owner remanded over graft Edge
- Lebtech’s auditor flags going concern due to concentration risk Edge
- Auditor raises Mentiga’s going concern as liabilities exceed assets Edge
- Auditor flags going concern for Magna Prima Star
- SocGen traders in Asia exit after options bets go undetected Edge
- MAS ends DBS’ 6-month digital banking penalty Edge Star
- EU, watchdogs start action against 20 airlines over greenwashing Mail
- Western insurers say Russian oil price cap doesn’t work Mail
