Capital markets news | Thu 30 May 2024
Equity
- Kawan Renergy gains 55% on ACE Market debut Edge NST Star
- Apex values UUE at 33 sen Edge
- Over 81% of PLCs on Bursa are shariah-compliant Mail NST Star
- Malaysian Waqf Foundation, Eq8 to launch waqf-featured ETF NST
- Social exchange launch by year-end, registration by 1Q2025 NST Star
- WCT considers listing gateway@KLIA2 Star
- Bank of Japan reaps record latent profits on ETF holdings Edge
- Cathie Wood’s USD60m venture fund buys stake in Elon Musk’s xAI Edge
- Chinese regulator quizzes Midea on Hong Kong listing NST
Debt
- SME Corp and RAM promote financing opportunities for MSMEs RAM
- ANIH’s rating outlook revised to stable MARC
- World Bank’s IFC loans Yondr USD150m for Malaysia data centre Edge NST
- BlackRock’s USD20b ETF is world’s largest Bitcoin fund Edge
- Lenovo to issue USD2b zero-coupon convertible bonds to Saudi Arabia Edge
- Altice International explores ways to cut debt Star
- Saudi Arabia’s USD5b 3-10 year sukuk priced at 60-85bps above UST Star
- Subway issues USD3.35b whole business securities for lower rates Star
Mergers and acquisitions
- Azmil Khalili Khalid to take over Anih after 6-year family feud Edge
- Merck to pay USD3b for eye treatment startup Edge
- Anglo rejects BHP’s last-ditch attempt to continue takeover talks Edge Mail Star
- Paytm denies report Adani interested in buying stake Edge
- Royal Mail owner agrees to GBP3.5b takeover by Daniel Kretinsky Edge Mail
- ConocoPhillips acquiring Marathon Oil for USD22.5b Edge Mail NST
- Hess shareholders vote in favour of Chevron takeover Star
Projects and business
- Vizione wins RM250m Semenyih apartments construction job Edge Star
- Fajarbaru bags RM15.7m additional contract for military facilities Edge
- LSH, Service Master JV win 20-year KL Tower concession Edge Star
- Mitrajaya unit bags RM86.63m data centre contract NST Star
- OCBC to invest HKD1.5b into tech and facilities in Greater China Edge
- Vietnamese EV maker VinFast considers delaying USD4b US plant Edge NST
- DBS expands HK private banking headcount by 25% Edge Star
- Deutsche Bank says blockchains can help weather margin pressure Edge Star
- Mapletree suffers revaluation losses due to higher capitalisation rates Star
Economy and market news
- Malaysia on track to achieve higher GDP growth in 2024 RAM
- Import foreign talent to address Malaysia’s E&E brain drain Edge
- Govt wants semiconductor sector to move up value chain Edge
- Malaysia, Singapore should set up fund for semiconductor hub Edge
- Malaysians lead world in mobile wallet usage NST
- The USD10k shipping container is again the talk of global trade Edge Star
- Chinese firms turn from panda to skunk as US tensions flare Edge
- South Korea, UAE agree to slash import duties, strengthen ties Edge
- Bond yields jump and stocks wilt as rate cut doubts resurface Edge
- Vietnam’s central bank to sell gold to domestic market Edge
- IMF upgrades China’s GDP growth forecasts after strong 1Q Mail Star
- Aluminium hits almost 2-year high as funds switch from copper NST
- Demand may push China’s LNG imports to record high Star
Legal and policies
- Epicon shareholder assisting MACC probe on Perak land subdivision Edge
- Lagenda is business as usual after senior personnel remanded Edge NST Star
- EU markets watchdog warns companies over pre-close calls Edge
- EU should delay implementing some bank rules if US drags feet Edge
- China gears up to make a deal with Europe as EV tariffs loom Mail
- EU creates AI Office to regulate tech under tough new law Mail
- Ex-FTX executive Salame sentenced to 90 months jail Mail
- US judge rejects Amazon bid to dismiss FTC lawsuit NST
