Capital markets news | Wed 19 Jun 2024
Equity
- ACE Market-bound BWYS prices IPO at 22 sen, to raise RM78m Edge NST Star
- PublicInvest values Main Market-bound Johor Plantations at RM1 Edge NST
- Trading in LBS Bina suspended today, pending announcement Edge
- Foreign buying of Malaysian equity slowed to RM202.4m last week Edge Star
- Maybank Asset Management launches premium brands fund Star
- Hong Kong to allow trading during typhoons from Sep Edge
- France is now Europe’s least favoured stock market Edge
- Nato targets AI, robots and space tech in USD1.1b fund Edge
- New Zealand’s Infratil to raise NZD1.15b for data centre Star
Debt
- KIP REIT’s RM240m MTN assigned preliminary AAA rating RAM
- Exsim Capital’s IMTN Tranches 3, 4 and 5 AA3 ratings affirmed RAM
- Boustead Holdings creditors uneasy with Affin Bank stake sale delay Edge
- Malaysia’s commercial real estate loans at moderate risk levels NST
- No impact of diesel subsidy rationalisation on Malaysia’s credit rating NST
- MUI gets RM912m loan to refinance debt, renovate London hotel Edge
- China central bank leaves key policy rate unchanged as expected Mail
- MGM China to raise USD500m in rare China high-yield bond deal Edge
- BOJ chief Ueda signals chance of Jul rate hike Star
- US corporate bond spreads widening slightly Star
- UniCredit plans risk transfers tied to EUR8.5b of loans Edge
- EU says to delay core element of Basel bank capital rules NST
- Caribbean island nations to boost funding access Star
Mergers and acquisitions
- UEM Sunrise sells 40% of Johor unit to KLK for RM386.2m Edge NST
- BM Greentech buys solar firm for RM110m Edge NST
- Malaysian REITs expanding asset portfolio Star
- Shell to buy Singaporean LNG firm Pavilion Energy from Temasek Edge NST Star
- Vodafone to sell 9.94% of Indus Towers for USD1.1b Edge
- Blackstone in USD1.7b tender offer for Japanese manga firm Infocom Edge
- Canada’s Brookfield invests USD2b in Dubai’s GEMS Education Star
- Peru zinc miner Volcan eyes USD200m in further asset sales Star
Projects and business
- TM-Singtel JV to develop greenfield data centre in Johor Edge NST Star
- Sunview bags RM79.5m Bulgarian solar power plant project Edge Star
- Plytec bags RM26m job to supply engineering equipment Edge Star
- Nestcon bags 2 Klang Valley construction projects worth RM166m Edge Star
- Chery-Jaecoo’s Malaysian assembly plant creates 500 jobs NST
- AI legend Geoffrey Hinton to advise UK green materials startup Edge
Economy and market news
- Stronger foreign investor interest in May as jitters receded RAM
- Malaysia’s vehicle sales up 9% in May, steady in Jun Edge Star
- Malaysia ranks 3rd in Asia for outbound cross-border property investment Edge
- Malaysia, China to sign 5-year economic programme Mail NST Star
- Retail sales up 7.8% in 1Q, may slow in 2Q Edge Mail NST Star
- Malaysia ranks 34th in world competitiveness ranking NST Star
- Malaysia’s healthcare market one of the fastest growing in Asean NST Star
- Singapore’s non-oil exports dip 0.1% in May Star
- Applied Materials to double Singapore manufacturing and headcount Star
- China retail sales up, industrial production slows in May Mail
- China’s economy set for steady rebound in 2Q Star
- Japan’s core machinery orders down 2.9% in Apr Star
- US industrial output rises more than forecast in broad advance Edge
- US retail sales miss expectations in May Mail
- US mops up one-third of global capital since Covid Star
- UK inflation to hit 2% for 1st time in 3 years Star
- Potential for UK to beat oil output forecast by 30% Star
- German companies concerned by falling prices in China Mail
- Fitch raises 2024 global growth to 2.6%, sees slowdown in 2025 Edge
Legal and policies
- High Court appoints official receiver as interim liquidator for THHE Edge
- US pushing Netherlands, Japan to restrict chipmaking equipment to China Edge
- China opens tit-for-tat anti-dumping probe into European imports Mail
- TikTok’s bid to void ban tests secrecy of lawmakers’ briefings Edge
- EV startup Fisker files for bankruptcy, aims to sell assets Edge NST Star
- Bogus offer for Virgin Orbit triggers SEC suit Edge
- Adidas shares fall on investigation into China corruption allegation Mail
