Capital markets news | Fri 31 May 2024
Equity
- Serba Dinamik to be delisted on 5 Jun with no extension Edge Mail Star
- Agricore starts taking orders for RM25.9m IPO Edge NST Star
- Mercury values KTI Landmark at 36 sen Edge
- MyCIF co-invests RM289m to spur growth of MSMEs NST
- Saudi Arabia to announce USD10b Aramco share sale Edge Mail Star
- Barclays sees signs IPO dry spell coming to an end Edge
- Mark Mobius turns bullish on Chinese stocks amid recent rally Edge
- Shareholders back Exxon bullying of green investors Mail
- Global fund launches climb in China as yuan slumps Star
Debt
- Boost Bank set for 6 Jun launch Edge
- MBSB aims to boost CASA level in 2024 Star
- China Vanke in advanced talks with banks for USD6.9b loan Edge
- Bookbuilding for Shangri-La’s 3-year CNY1b panda bond on 3-4 Jun Edge
- India central bank acts against Edelweiss for evergreening loans Edge
- Hedge funds return to convertible arbitrage Star
Mergers and acquisitions
- YTL Cement to sell 5% of Malayan Cement for RM325m Edge
- Cheah family’s private vehicle selling 3.52% of Sunway for RM704m Edge
- ANZ to sell remaining 5.17% of AMMB for RM701m Edge Star
- Axiata aims to complete Indonesian merger by year-end Edge Star
- US Steel, Nippon Steel receive all non-US approvals for merger Edge
- WeWork cleared to exit bankruptcy after Neumann ends buyout bid Edge
- Investors welcomed BHP aborting USD49b Anglo takeover Edge Mail
Projects and business
- Vizione bags RM750m apartment construction contract Edge
- Petronas, Sinopec to explore energy opportunities Edge Mail NST
- Google to invest USD2b in Malaysia data centre, cloud region Edge Mail NST Star
- Dutch Lady inaugurates RM540m Negri Sembilan factory Mail NST Star
- Kinergy bags RM29.5m job from Mah Sing NST
- IHH to meet rising demand with 4,000 new beds Star
- HSS Engineers bags RM15m highway contract in Cambodia Star
- Ramssol to distribute Ramco’s enterprise solutions Star
- British fintech Revolut views Asia Pacific as key for expansion Edge
- HSBC makes Mideast wealth push after hiring 100 bankers Edge
Economy and market news
- Islamic capital market expands to RM2.4t NST
- Businesses in Malaysia expect favourable environment in 2Q Edge Mail
- Malaysia-China total trade up 5.9% in Jan-Apr 2024 Mail
- Taiwan semiconductor players bullish about Malaysia Edge Mail
- Data centre debate rages on in Malaysia Star
- Southeast Asia’s USD220b gas expansion slows energy transition Edge Star
- Singapore to free up more power for data centre expansions Edge
- Stocks fall with bond yields after US economic data Edge NST
- New study warns US banks have a commercial property blind spot Edge
- US economic growth revised lower for 1Q, jobless claims up Mail
- US Fed is more pessimistic about US economy as uncertainty grows Mail
- US firms grow more pessimistic on economy Star
- Oil falls as US reports surprise fuel build Star
- Asia’s largest REIT wants Hong Kong to resume multi-entry visas Edge
Legal and policies
- CMM releases additional ESG disclosure guidance for SMEs in 5 sectors NST
- Singapore casinos at risk of environmental crime money laundering Edge
- China weighs record fine for PwC over Evergrande auditing work Edge
- China to curb export of aviation, space components from 1 Jul Mail NST
- EU watchdog says banks must take full responsibility when using AI Edge
- EU states agree prohibitive tariffs on Russia grain imports Mail
- EU cautiously seeks roadblocks for Chinese EVs Star
- Germany wants to abolish gas storage tariff for its neighbours Mail
- UBS fined by Swiss for failing to report Yemen-linked accounts Edge
