Capital markets news | Tue 4 Jun 2024
Equity
- Tex Cycle plans RM32m private placement for Sabah project Edge
- Serba Dinamik to appeal delisting decision Edge NST
- The attraction of private markets in Malaysia Star
- Telcos ready to ink share subscription agreement with DNB Edge NST
- South Korea’s FSS warns of outflows from local stocks on new tax Edge
- Tesla shareholder sues Musk for USD7.5b insider trading Edge NST
- Billionaire investor Ackman is planning IPO of Pershing Square Edge
- Hertz is exploring options for raising financing Edge
- Saudi Aramco’s USD12b stock offer sells out in hours Edge Mail
- Further limits on China securities refinancing urged Star
- GameStop soars with Roaring Kitty’s USD116m Reddit post Edge Star
- India’s bankers brace for IPO surge as elections end Star
Debt
- Genting Malaysia issued RM1.3b medium-term notes Edge Star
- Bina Puri’s creditor scheme helped in posting RM13.8 net profit Edge Star
- Malaysia’s Islamic finance ecosystem set to attract more investments Star
- Record convertible bond boom sweeps Asia as hedge funds pile in Edge
- Higher for longer rates mean no escape from the debt squeeze Edge
- Evergrande’s Hengda fined USD577m for fraudulent bond issuance Edge Mail
- Japan crypto exchange lost USD300m bitcoin in leak Mail
- S&P downgrades France’s credit rating from AA to AA- Mail
- China offers cheap credit to shore up property sector Star
- Lippo faces investor test with bond buyback Star
- KKR weighs entering Japan private credit market Star
- Rise in credit card and other unsecured debt in Singapore Star
Mergers and acquisitions
- Feytech buys RM20m industrial land from Proton City Edge Star
- Independent adviser tells SEG shareholders to reject takeover offer Edge
- AME Elite buys Kulai land for RM106.17m Edge NST Star
- Hektar REIT to complete KYSM acquisition by Jun NST
- Getty takeover was pump-and-dump scheme Edge
- UBS completes takeover, Credit Suisse ceases to exist Edge Mail
- Singapore designates 9 critical entities for takeover oversight Edge
- Country Garden seeking exit from Chinese chipmaker CXMT Edge
Projects and business
- Jakel invests in RM1.2b data centre project Edge NST Star
- SD Guthrie expects 8%-13% return from RE project Edge Mail NST
- UEM Sunrise, Logos sign MOU for Johor data centre campus Edge Star
- Russian grocery retailer Svetofor gears up for Malaysian debut Edge
- DNeX and Theta Edge in 2-horse race for NIISe project Edge
- Renault, Geely create joint venture for hybrid, combustion engines Edge
- EU approves EUR5b Italian aid for STMicro EV chip plant Mail
- Foxconn eyes 40% global AI server market share Mail
- Microsoft makes USD3.2b AI bet on Swedish data centres Edge Mail Star
Economy and market news
- CPO to average above RM4k in 2024 with lower Indonesian output Edge Mail
- Formal sector median monthly wages up 4.9% to RM2.9k in Dec Edge
- Malaysia is key player in carbon capture and storage sector Edge
- El Nino affecting durian yields in Malaysia, higher prices expected Mail
- Malaysia’s official reserve assets at USD112.79b at end-Apr Mail Star
- Data centres — too much of a good thing for Malaysia? Star
- Malaysia’s tax reforms stimulate start-ups, green tech, services Edge Mail NST Star
- 3rd party access a win for Malaysian energy sector Star
- Gradual uptick in Malaysian CPI likely in second half Star
- Indonesia’s inflation rate cools in May, comes in below forecast Star
- China factory activity officially contracts for 1st time in 3 months Mail NST Star
- But Caixin shows China manufacturing activity expanding fastest in 2 years Star
- No doubt that Russia-China gas pipeline deal will be clinched Mail
- Beijing unwilling to boost demand Star
- South Korea’s chip exports push trade surplus to USD4.96b Edge
- South Korea to explore oil, gas prospects off east coast Mail Star
- Super-ageing South Korea economy will grow below 2% in 2030s Edge
- Japan’s firms trim spending, reflecting headwinds to growth Edge
- Asian factory activity expands in May on robust global demand Star
- India’s fast economic growth lays firm ground for next government Mail
- US Fed’s favoured inflation measure was unchanged in Apr Mail
- US manufacturing slump stretches into May Mail
- Euro zone inflation rises just as ECB prepares to cut rates Mail
- Bursts of free power in Europe raise red flags for green tech investors Edge
- Norway outage pushes European gas prices to highest this year Mail
- Global airline industry’s net profit set to grow 11% in 2024 Edge Mail NST Star
- Boeing’s ills can harm entire aviation industry Mail
- Oil prices slip despite Opec+ production cut extension Star
- Sustainable aviation fuel production on track to triple in 2024 Edge
- Copper rebounds after US inflation data pushes dollar down Edge
Legal and policies
- MMAG’s MJets ex-directors charged with misappropriating property Edge NST
- INCEIF, Ficus launch ESG-i framework to empower MSMEs Edge
- Microsoft to pay off cloud industry group to end EU antitrust complaint Edge NST
- Singapore wealth flows face renewed scrutiny in superhacker case Edge
- US court approves WeWork bankruptcy exit Mail
- China suspends tariff concessions on 134 items under Taiwan trade deal Mail NST
- Proposed ban on Russian LNG transhipments no issues for Asia Star
