Capital markets news | Wed 29 May 2024
Equity
- Smart Asia Chemical ends ACE Market debut with 15% gain Edge Star
- Rakuten values Smart Asia Chemical at 49 sen Edge
- UUE Holdings launches RM38.97m ACE Market IPO Edge
- Metro Healthcare files for IPO to transfer listing to ACE Market Edge
- Aurelius to raise RM123m via private placement for factory Edge
- Kenanga, CGS underwrites Well Chip’s Main Market IPO Edge
- Malaysia’s IPO market primed for bigger listings in next 12-18 months Edge
- KWAP’s Dana Pemacu to invest RM3b in shariah-compliant private equity Edge Star
- Ekuinas’ RM100m fund to support more mid-market Bumiputera firms NST
- Europe’s biggest pension fund sells EUR10b in fossil fuels Edge
- China Evergrande’s liquidators seek investors for restructuring Edge
- EQT-backed Waystar seeks USD1.04b in IPO Edge
- Saudi Arabia’s Jada backs USD250m fund in healthcare push Edge
- India’s top EV ride-hailer seeks USD300m to expand car fleet Edge
- RF Acquisition II closes USD115m IPO on Nasdaq Star
Debt
- TNB Western Energy’s AAA rating affirmed MARC
- Ekuinas sets up RM800m private credit fund Edge
- MARC signs MOU with Saigon Ratings on collaboration Edge
- Govt commits RM100m to foster innovation in Islamic finance NST Star
- Govt to unveil sukuk wakala bil khadamat Star
- Halogen Capital launches actively managed crypto fund Edge
Mergers and acquisitions
- Surin Upatkoon makes offer to privatise MPHB Capital at RM1.70 Edge Star
- IHH still looking at possible M&As in Indonesia, Vietnam Edge
- YTL Power takes over Ranhill Utilities with 53.19%, MTO at 99.5 sen Edge Star
- AHB offered controlling stake in Pahang hydropower project NST
- Adam Neumann ends bid to buy WeWork Edge
- KKR-SingTel consortium frontrunner for 20% of STT GDC Edge NST
- French delicatessen Fauchon bought by Breton biscuit firm Mail
Projects and business
- Ageson wins RM54.33m construction subcontract in Sabah Edge Star
- Pestech files counterclaim against YTL over Gemas-JB double track Edge
- MAHB-WCT granted extension until 2069 for gateway@klia2 Edge NST
- FSBM signs agreement with Unitrade to market power backup solutions Edge
- Creador to invest RM170.3m in CCK’s Indonesian poultry firm Edge
- Maybank to publish white papers on net zero for oil palm, power Star
- BYD shows off new hybrid powertrain capable of 2,000km drive Edge
Economy and market news
- Short-term interbank rates end stable on BNM operations Mail
- Malaysian startups clinch top places at AIM Congress 2024 Mail
- Malaysia’s producer price index up 1.9% in Apr Mail Star
- Malaysia aims for RM500b investments in Phase 1 of NSS Star
- Li Ka-shing’s unfilled towers show deepening Hong Kong downturn Edge Star
- Fed’s Kashkari wants significant progress on inflation before rate cuts NST
- South Korea’s weak household income despite solid labour market Star
- Higher prices may weigh on India’s LNG imports Star
- Thai economic chiefs weigh steps to bolster growth Star
- Ghana cocoa regulator to borrow USD1.5b to buy cocoa Star
Legal and policies
- SC to publish framework for social exchange Edge NST Star
- BNM to embody Maqasid al-Shariah in economic reforms Mail NST Star
- A 2nd ex-Huarong executive sentenced to death over bribery Edge
- ECB to make bank health checks shorter, more intrusive Edge
- Russian firms turn to crypto for China commodities trade Edge
- Indonesia claims Sea unfairly favoured its own delivery service Edge
- US unveils policy to boost carbon offset market integrity Mail
- US allows Cuban entrepreneurs conditional access to banking system Mail
