Capital markets news | Wed 8 May 2024
Equity
- Main Market-bound Feytech valued at 95 sen to RM1.13 Edge
- M&A, Newparadigm underwrite Siab’s rights issue with warrants Edge NST Star
- Bursa launches platform for remisiers to showcase portfolio Edge
- Urusharta Jamaah is Prolintas Infra’s 3rd largest shareholder Edge
- Home furniture maker Mobilia plans 1-for-4 free warrants Edge
- PHB to independently manage AHB funds, targets RM20b AUM Edge Star
- Thai beverage-maker General Beverage plans Singapore IPO for If Edge
- Dubai’s financial centre expects busiest year as firms rush in Edge
- China tightens rules on hedge funds with higher threshold, curbs Edge
- Black Swan fund manager expects worst stock market crash since 1929 Edge
- ESG forcing TotalEnergies to consider listing outside Paris Edge
- British self-driving AI car firm Wayve wins record USD1.05b funding Mail
Debt
- Hong Leong IB’s Tranche 3 subdebt assigned AA1 rating RAM
- AmBank, CGC allocate additional RM400m for SMEs Edge Star
- Singapore-based Princeton gets green loan for USD1.5b Johor AI hub Edge NST Star
- US election risks are starting to show up in forex markets Edge
- Fitch downgrades New York Community Bancorp to BB Edge
Mergers and acquisitions
- Pekat signs MOU to acquire stake in local switchgears supplier Edge Star
- Yinson’s major shareholder raises Icon stake to 56.67% as MGO closes Edge
- Philippines’ PLDT selling 49% of data centre business to Japan’s NTT Edge
- Keppel to raise USD370m to buy Australia’s bus company Ventura Edge
- Richard Li’s PCCW to sell 40% of fibre unit to China Merchants Edge
- Lufthansa offers EU more concessions for stake in Italy’s Ita Airways Mail
Projects and business
- Sapura Energy JVs win USD1.8b contracts in Brazil Edge Mail Star
- OCK enters Laos with 15-year tower leasing with Best Telecom Edge Star
- Turkiye’s Aselsan sees Malaysia as strategic hub for Asia Pacific expansion NST
- Amazon commits USD9b to double Singapore cloud investment Edge Star
- Indonesia’s oldest shoemaker Bata closes its only factory Star
- India’s Reliance renews bid for US license to import Venezuelan oil Mail
- Sri Lanka approves power deal with India’s Adani Group Mail
- Nomura targets 20% revenue growth from global markets business Star
- Microsoft creates top secret generative AI service for US spies Edge
- Microsoft readies new AI model to compete with Google, OpenAI Star
Economy and market news
- Malaysia expects deeper collaboration with China in 5 key sectors Edge
- Malaysia can grow exponentially with semiconductor industry Edge Mail Star
- US blames Malaysian providers for moving Iran’s oil Edge
- Turkish Aerospace suggests Malaysia enter aerospace manufacturing Mail
- Announcement on Google’s investments in Malaysia soon Edge Mail
- Global semiconductor sales for 1Q jumped 15.2% to USD137.7b Edge
- China’s solar panel giants say prices are near the bottom Edge
- Vestas CEO says USD217b wind industry yet to reach maturity Edge
- Australia’s central bank holds interest rates Mail
Legal and policies
- Giant Batu Caves is appealing tenancy dispute with landlord Edge
- Power Root reclaims Ah Huat brand in Indonesia Edge
- Federal Court dismisses Ricky Wong’s bid for remote court attendance Edge Star
- TikTok lawsuit sets stage for prolonged legal fight over US ban Edge Mail
- Singapore fines Swiss-Asia SGD2.5m over AML, CFT breaches Edge
- Russian naphtha stranded at sea as South Korea launches crackdown Edge
- FATF visited Turkiye ahead of AML, CFT grey list decision Mail
- Archegos boss Bill Hwang’s trial to test unusual manipulation theory Mail
