Capital markets news | Fri 24 May 2024
Equity
- Nationgate to transfer to Main Market on 24 May Star
- SC considers other parties as advisers for LEAP listings Edge NST
- SC to help SMEs raise RM40b from capital markets by 2028 Edge Mail NST Star
- MOF wants new LEAP market measures to be ready by early 2025 Mail NST Star
- Samenta wants govt to set up RM1b fund to invest in SMEs NST
- SME Corp targets 6 MSMEs to be listed on Bursa by 2026 NST Star
- South Korea to keep short-sale ban until system developed Edge
- German AI translation start-up DeepL valued at USD2b Mail
Debt
- Sunway REIT’s MTN programme assigned final ratings RAM
- Cagamas MBS’s AAA issue ratings affirmed RAM
- Malaysia’s 1st Islamic digital bank now open for registration Mail
- Affin Bank to focus on higher yielding loans in 2Q Star
- Capital markets key to boosting SME financing, promoting innovation Star
- Investors lose money on bonds backed by commercial real estate debt Edge
- Alibaba considering USD5b convertible bond sale Edge
- Oaktree seizes Inter Milan after China’s Suning defaults on debt Edge
- Hong Kong regulator directs Worldcoin to cease operations Edge
- Bad bond bets forces Norinchukin to change strategy Star
Mergers and acquisitions
- Malakoff buys stake in 2 RE companies for RM27m Edge Star
- Carimin buys RM23.4m crew boat for marine support services Edge NST Star
- Axis REIT to acquire 2 auto service centres for RM125m Edge NST Star
- RHB is not considering M&A Edge
- SC to introduce trade sale board for private market investments Edge NST
- DuPont to split into 3 companies, replaces CEO Ed Breen Edge
- Mubadala to sell USD950m of GlobalFoundries shares Edge
- Great Eastern hires EY for OCBC’s SGD1.4b offer Edge
- BHP firm on structure, value of USD49b Anglo American offer Edge Mail
- US Justice Dept wants to break up Live Nation-Ticketmaster Edge
- Disney to sell stake in India’s Tata Play Mail
Economy and market news
- Penang sets up chip design academy Edge
- Malaysia’s international reserves up 0.4% to USD113.3b Edge NST Star
- Short-term interbank rates end stable on BNM operations Mail
- AmBank sees inflation unlikely to spike with subsidy rationalisation Mail Star
- Malaysia a magnet for data centres NST
- Singapore 1Q GDP up 2.7% on weak manufacturing Star
- Singapore Apr core inflation 3.1% Star
- Singapore policy settings remain appropriate NST
- Higher taxes is top risk for US, Southeast Asia billionaires Edge
- US Fed’s rate meeting minutes show growing inflation concerns Mail
- Chinese banks throw support behind Vanke Edge
- South Korea president announces USD19b for chip industry Mail NST
- Bank of Korea holds policy steady as growth accelerates Star
Legal and policies
- CMM to issue ESG disclosure guidance for SMEs in 5 sectors Edge
- Federal Court rules in its favour of TSR in dispute with YTL Edge
- Russia outlines response to US seizure of frozen assets Edge
- Microsoft’s UAE deal could transfer US chips, AI tech Edge Mail NST
- Germany backs ending EU tax break on imported low value goods Mail
