Capital markets news | Fri 21 Jun 2024
Equity
- Malacca Securities underwrites EPB’s ACE Market IPO Star
- Kinergy plans RM66m private placement for RE, repay loans Edge
- Mercury Securities values Go Hub at 62 sen Edge
- China’s Dida to raise USD35m in Hong Kong IPO Star
- What an innovative Japanese AI unicorn can teach Silicon Valley Star
- Arbitrageurs buy Taipei-listed TSMC shares and short ADRs Edge
- GYG IPO may be a turning point for Aussie market Star
- Bitcoin ETF lists on main Australian stock market for 1st time Edge
- Nasdaq boosts scrutiny of investors in IPOs from China, HK Edge
- EU funds face pressure to dump US stocks over ESG Star
Debt
- Eco World Capital’s AA-(cg) rating on upsized RM3b programme affirmed MARC
- OMS gets RM1.35b loans to expand fleet, build-up expertise NST
- Carro taps into HSBC Asean growth fund Star
- China’s Wuxi plans CNY1b 50-year bonds issuance Edge
- Mortgage rates in the US fall to 2-month low of 6.87% Edge Star
- Telegraph says Barclay family may not pay back huge debt Star
- As UK election looms, Bank of England set to sit tight on rate Mail Star
- Norway keeps interest rate on hold, sees no cut before 2025 Mail
- Swiss central bank cuts rate for 2nd straight time Mail
Mergers and acquisitions
- Press Metal swaps PT Bintan Alumina for 26% of Nanshan Aluminium Edge Star
- Maxis, CelcomDigi fulfilled conditions for subscription of DNB shares Edge Mail Star
- TAS Offshore buys Sarawak land to expand shipyard operations Edge
- IHH, Sunway among bidders for Island Hospital Edge Star
- Dataprep aborts plan to buy 70% of DACS Network Edge
- Vii Nutrition acquires DNA Hub NST
- Genting buys 49% of 1,490MW gas-fired power plant in China Edge Mail NST Star
- SK Innovation shares soar most since 2021 on merger speculation Edge
- Cross-border mergers tough for eurozone banks Star
Projects and business
- Hengyuan shuts cracking, manufacturing units after leakage Edge NST Star
- Genting awards USD1b EPCC for Indonesia FLNG Edge NST Star
- Nestcon bags RM21m EPCC job for Sungai Selangor solar plant Edge Star
- WCT gets RM250m PLUS lane expansion contract Edge NST Star
- Exim Bank, ICBC Malaysia ink MOU to promote use of Chinese yuan Edge Star
- Taiwan’s Elite Material invests RM900m in Penang factory Edge Mail Star
- U Mobile ready to build second 5G network Mail
- Tex Cycle’s 3.5MW biogas power plant in Johor commenced operations Star
- China orders small banks to curtail wealth management business Edge
- SoftBank’s Masayoshi Son ready for next big bet after hiatus Edge
- Anthropic launches newest AI model, 3 months after its last Edge
Economy and market news
- Malaysia’s trade in May grew 10.3% to 20-month high RM246.31b Mail Star
- Malaysia, China economic collaboration to bolster supply chains Mail Star
- 19% of gig workers plan to make it a long-term career NST
- Automation, AI will replace millions of jobs NST
- Malaysian capital market must be ready to support green goals Star
- Singapore’s growth challenged by weak global outlook Star
- New Zealand limps out of recession with 0.2% growth in 1Q Mail
- Electric car sales fall in Europe while hybrids rise Mail
- Germany not doing fair share endangers EU climate goal Star
- Fossil fuel use, emissions at record high in 2023 Star
Legal and policies
- FSBM Holdings’ PN17 status to be uplifted today Edge Star
- Singapore banks pose highest money laundering risk Edge
- India’s FIU fines crypto exchange Binance USD2.25m over AML Edge
- Russia, China find payments workaround as US sanctions net widens Mail
- Biden to ban US sales of Kaspersky software over ties to Russia Edge
- EU mandated China’s EV firms surrender data Edge
- Italy fines local auto firm EUR6m over Chinese cars badged as Italian Edge
