Capital markets news | Thu 20 Jun 2024
Equity
- KTI closes 5% below IPO price on ACE Market debut Edge NST Star
- TA Securities values Go Hub Capital at 55 sen Edge NST Star
- ACE Market-bound Ocean Fresh valued at 35-54 sen Edge
- China approves autonomous driving start-up Momenta’s US IPO Edge
- China securities reforms to improve listed company quality Mail
- China regulator vows support for PE, VC, overseas listings NST
Debt
- Public Bank’s, Public Islamic’s AAA ratings affirmed RAM
- Agroto’s sukuk AA1(bg) ratings affirmed RAM
- City Coin’s RM20m investment notes assigned R4 rating RAM
- OSK’s capital financing set for solid growth Star
- China central bank may start secondary bond market trading Edge
- Timely for China central bank to use quantitative easing Star
- India set for USD2b bond inflows over JPMorgan index inclusion Edge
- Japan’s Norinchukin Bank to sell USD63b government bonds Edge
- Asia’s family offices have a climate opportunity Edge
- UBS seeks delay of Basel trading rules Edge
Mergers and acquisitions
- LBS Bina exits Zhuhai motor racing circuit for RM125m Edge NST
- L&P eyes acquisitions for earnings, revenue growth Edge
- Eni taps advisers to sell EUR1b Ivory Coast stake Edge
- Hewlett Packard’s USD14b Juniper deal attracts UK antitrust scrutiny Edge
- Vodafone’s Indus Towers sale doubles to 18% for USD1.8b Edge
- Regulatory concerns stop Julius Baer, EFG takeover talks Star
Projects and business
- ECRL reaches 67% completion Edge
- China plans to connect Southeast Asian rail links, including ECRL Edge
- Binastra wins RM314m construction job in Kota Kinabalu Edge NST Star
- IIB, TM-Nxera to develop RM9b digital infrastructure Edge Star
- Malaysian Re, Pacific Life Re extend collaboration on retakaful Edge
- Ferrari’s 1st electric car to cost over EUR500k Edge
- JPMorgan, Goldman scrap UK banker bonus cap Edge
- Amazon invests USD11b to expand Germany cloud, logistics Edge
- Detroit Three automakers advised to exit China Star
Economy and market news
- Malaysia will see full recovery in Chinese tourist arrivals Edge
- Visa study says 2/3 of Malaysian consumers tried cashless NST
- Higher East Asian, China FDI expected into Malaysia Star
- Malaysia-China working towards single window trade initiative Star
- China central bank dismisses major economic stimulus Mail
- US Fed officials call for patience on rate cuts Star
- EU subsidy probe cools China EV sector’s will to invest in Europe Edge
- EU quota for sustainable jet fuel cannot be met Mail
- Germany’s working-age population to decline 2% in 2045 Mail
Legal and policies
- Chinese automakers seek retaliatory tariffs on EU cars Edge Mail NST
- China protests US push for allies to tighten chips export policy Mail
- Kaisa chairman meets Shenzhen regulators for debt restructuring Edge
- UK delays review of politically exposed bank clients until after election Mail
- EU regulators call for changes to ESG rulebook Star
- HSBC’s Swiss private bank violated money laundering rules Edge
