Capital markets news | Mon 10 Jun 2024
Equity
- DS Sigma seeks listing transfer to Main Market Edge NST Star
- UOB Kay Hian underwrites Go Hub’s ACE Market IPO Edge NST Star
- KTI Landmark’s IPO oversubscribed 8.14 times Edge Star
- Mercury Securities values UUE at 46 sen Edge
- PublicInvest values Agricore at 28% premium ahead of ACE Market listing NST
- Engtex proposes 3-for-4 bonus issue Star
- How emotions influence investments Star
- GameStop tanks 40% as Roaring Kitty fails to spark enthusiasm Edge
- Wealthy families fuel USD20b private equity buyout wave Edge
- Fund beating 99% of peers bets on troubled businesses, AI flops Edge
- China conducts large-scale audit reviews on biggest mutual funds Edge
- Aramco sale set to raise USD11.2b for Saudi Arabia Edge Mail NST Star
- SoftBank-backed travel app planning USD400m IPO in Jul Edge
- Sunwoda EV battery explores switching IPO to Hong Kong Edge
- Shein’s pre-IPO charm offensive hits roadblocks in Europe Mail
- Fund managers set to go on purge sparked by EU ESG rule Star
Debt
- KLCC REIT funding conduit Midciti sukuk AAA rating affirmed RAM
- UOB Malaysia signs pact to finance green transition in Sarawak Edge Star
- Brighter loan growth prospect for Malaysian banks Star
- Banks turn to ABS for Basel III compliance Edge
- Bondholders sue Switzerland in US over Credit Suisse AT1s Edge
- US Bitcoin ETFs post longest run of inflows as token nears record Edge
- Moody’s reviewing 6 US regional banks for downgrade over CRE Star
- India’s reserves at record high as JPMorgan index date nears Edge NST
- India assessing need for more measures to slow unsecured lending Edge
Mergers and acquisitions
- Euro Holdings sells Rawang warehouse land for RM17.3m cash Edge Star
- Mohan Swami, partner close Turiya MGO with 59.46% stake Edge
- Paragon Globe buys RM13.5m land in Plentong for detached factory Edge
- Maxis is ready for share subscription agreement with DNB Edge Mail NST Star
- Knusford to see net gain of RM11.66m from Shah Alam land sale Edge
- Public Bank’s purchase of RHB’s Vietnam stockbroking business greenlit Edge NST
- Alibaba trims SingPost stake via married deal at 46 cents Edge
- China’s CNGR buys more Argentina lithium projects Edge
- Mitsubishi, Sumitomo Mitsui banks to sell USD8.5b of Toyota Edge
- Hungary, Vinci buy Budapest Airport in USD4.7b deal Edge
Projects and business
- ByteDance to invest RM10b to make Malaysia regional AI hub Edge Star
- Binastra secures RM315m contract to build apartments Edge NST Star
- Petronas signs deal to certify CO2 storage sites for local CCS projects Edge
- MGRC partners South Korean firm on genome screening Edge NST Star
- Harbour-Link allocates RM100m for capex Star
- Sunview bags RM51.9m LSSPV construction contract Star
- Chinese solar firms suspend production in Southeast Asia Edge
- Volvo is shifting EV production to Belgium from China Edge
- BYD says to build second EU factory despite EV slowdown Mail
Economy and market news
- Malaysian ports to benefit from recent surge in global container rates Star
- Power and water factors in Malaysia’s data centre industry Star
- Long-range EVs now cost less than the average new car in the US Edge
- Trump’s USD4.6t tax cut renewal wins Wall Street Edge
- BofA’s Hartnett says US Fed cut signals trouble for economy Edge
- China’s PBOC stops buying gold in May after price hits record Edge
- China’s exports rise 7.6% for 2nd straight month Star
- Reducing consumption of fossil fuels worsens energy poverty Mail
Legal and policies
- SC says Malaysia needs RM1.3t green financing until 2050 Edge Star
- Bursa reprimands Top Builders, fines 8 directors RM405,750 Mail NST Star
- Banks holding most funds in Singapore’s money laundering scandal Edge
- China probes top exec at state investment firm for corruption Mail
- US raises truck, SUV fuel economy rules Mail
- Judge rules Google will not face jury trial in US digital ads case Mail
- G7 plans to warn small Chinese banks over Russia ties Mail
- Turkey imposes 40% tariff on vehicle imports from China NST
- New Zealand to end ban on oil and gas exploration NST
