Capital markets news | Wed 15 May 2024
Equity
- Swift Energy files for ACE Market IPO to raise funds for expansion Edge
- Farm Price ends 1st day of listing with 71% gain on ACE Market Edge Star
- Fibromat seeks transfer from LEAP to ACE for larger fundraising Edge
- SL Innovation seeks new adviser, sponsor for ACE Market listing transfer Edge
- Arabesque empowering fund management with AI Edge
- Funds calling themselves ESG face new restrictions in Europe Edge
- Goldman says expiring Korean notes may boost Hong Kong stocks Edge
- Macron opposes putative TotalEnergies New York listing Mail
- Fraud concerns raise red flags for Mumbai’s booming IPOs Star
Debt
- RCE-originated Al Dzahab sukuk and Zamarad sukuk ratings affirmed RAM
- Konsortium KAJV’s AA- rating affirmed MARC
- PLSUKE’s A+(s) and AAA(bg) ratings affirmed MARC Edge
- Big-name funds pile into real estate debt as banks retreat Edge
- China megabanks kick off USD8.3b loss-absorbing bond sales Edge
- Chinese builder Agile defaults for 1st time on USD bonds Edge
- Indian bonds among least vulnerable in Asia to Treasury swings Edge Star
- Blackstone, Goldman undercut rivals in USD900m private loan Edge
- India’s RE outfit SAEL plans maiden USD500m bond sale Star
- Argentina probes banks on bonds and put options Star
- Franchise Group looks for ways to trim debt Star
- Hong Kong banks face credit risks from property downturn Star
Mergers and acquisitions
- Ancom Nylex to decarbonise via RTO of Ancom Logistics Edge
- More appetite for REIT acquisition, but decent-yielding assets scarce Edge
- BCB buys 286-acre land in Batu Pahat for RM83.71m Edge Star
- Uber to buy Delivery Hero’s Taiwan business for USD950m Edge NST Star
- Anglo American eyes break-up as it fends off BHP offer Edge
- Temasek hunts for domestic bets, hedge against geopolitics Edge
- Saudi Arabia to merge Qiddiya development with entertainment firm SEVEN NST
- EQT offers to buy wind developer OX2 in USD1.5b deal Star
- Hess investors should ‘abstain’ from Chevron vote Star
Economy and market news
- Short-term interbank rates end stable on BNM operations Mail
- Malaysia inflows bring LME aluminium stocks to highest since 2021 Star
- Malaysia’s property market on road to recovery Star
- South Korean import prices up for 4th month Star
- US producer prices increase more than expected in Apr Star
- China central bank seen keeping lending rate on hold Star
Legal and policies
- Govt mulling Real Property Development Act for Peninsular Malaysia Edge
- Ageson says no material adverse findings from independent assessment Edge
- Court rules Jetson shareholders’ requisition to remove directors invalid Edge
- Rumble sues Google over digital advertising practices Edge NST
- US cites threat of Chinese EVs made in Mexico as trade concern Edge
- Alphabet’s Waymo probed by US after 22 autonomous car incidents Edge
- Biden sharply hikes US tariffs on Chinese imports including chips, cars Mail Star
- Trump says US China tariffs needed on other vehicles, products Mail
- G7 to discuss global trade risks after US tariffs on China Mail
- China says it will take measures after US tariff hike Mail Star
- Prosecutors call for ex-Nuveen trader to be put behind bars Star
