Capital markets news | Mon 24 Jun 2024
Equity
- ICT Zone shareholders approve transfer to ACE Market Edge Star
- Engineering firm UUE’s ACE Market IPO oversubscribed 104 times Edge Star
- Agricore ends ACE Market debut with 75% gain Edge NST Star
- Asian hedge funds outpace global peers on China bets Edge
- Vanke could raise CNY1b with long-term rental REIT Edge
Debt
- Jimah Energy Ventures’ AA3 sukuk rating affirmed RAM
- Alliance Bank allocates RM1b in SME green financing for Bursa’s CSI Edge
- Special funding rates for companies with improved ESG disclosures Edge
- Aeon Credit issued RM300m 3-month and 6-month sukuk wakalah Edge
- AKPK helped clear RM6.8m outstanding debts for Perlis MSMEs Mail
- US credit’s strong run so far stumbles for 1st time this year Star
Mergers and acquisitions
- LTAT ceases to be OCK’s substantial shareholder after selling 8.94% Edge
- Semiconductor company Unisem buys RM30m Perak land Edge Star
- MAHB to benefit from GIP’s track record in running airports Mail NST Star
- Blackrock is not involved in privatisation of MAHB NST Star
- U Mobile ready to take stake in DNB NST
- Tiny Singapore sees sudden frenzy in deals from around the world Edge
- SIAS asks OCBC to clarify Great Eastern offer Edge
- OpenAI buys enterprise start-up to help customers sift through data Edge
- UK soft-drink maker Britvic rejects USD3.9b takeover offer Edge
- RedBird opens bids for sale of UK’s Telegraph newspaper Mail
Projects and business
- GDB bags RM866m warehouse contract from Mapletree-PNB JV Edge NST Star
- Accendo partners with Welliba to propel global AI expansion Edge
- IJM unit clinches 2 building projects worth RM962m Edge Mail NST Star
- PJBumi secures contract for physical onboarding to MyDigital ID Edge NST
- MCMC to start identifying 2nd 5G network developer Edge Star
- Hiap Huat earmarks RM100m for Port Klang liquid bulk terminal Edge NST Star
- Cohu opens semiconductor test design centre in Penang Edge
- Infomina gets RM53.6m IT support service order from Thai bank Edge Star
- Ann Joo bags RM297m ECRL feeder station electrification contract Edge NST Star
- MTT Shipping to add 6 more vessels to its fleet this year Mail
- Progress of ECRL project in Kelantan reaches 79.81% Edge
- Malaysia-China JV wins RM209m Miri Port job Star
- YBS to assemble lithium-ion batteries for US-based Enovix from 3Q Star
- SoftBank’s Son aims to create super AI in new investment drive Edge
Economy and market news
- Research houses optimistic about Malaysia’s GDP growth this year Mail
- Malaysia’s proactive strategies boost its global FDI standing Mail
- Malaysia approved RM83.7b investments in 1Q, up 13% NST Star
- BNM’s use of currency forwards is an effective strategy NST
- Malaysia in strategic position to be data centre regional hub Edge Star
- Demand boom, resources make Johor fit as data centre hub Star
- Greater KL gaining prominence as Asia hub NST
- Petros to identify potential carbon capture sites statewide Mail
- Local ad spending set to grow 8.5% this year Star
- 3 in 5 workers in Singapore use generative AI at work Edge
- Thai exports rise for 2nd month in May, up 7.2% Star
- Chinese automakers keep grip on Southeast Asia’s booming EV market Edge
- China’s EV makers got USD231b in aid over last 15 years Edge
- Japan focuses on smart cars as automakers fall behind US, China Edge
- EU seeks defence industry partnerships with Japan, South Korea Mail
- BoE leaves hopes for rate-cut this year alive Star
- E-fuels offer long-term solution to energy transition Edge
Legal and policies
- Cabotage policy to be reintroduced in Sarawak Edge
- Bursa’s CSI will support ESG, boost competitiveness Edge Mail
- EU and China set for talks on planned EV tariffs Mail Star
- Japan imposes trade curbs on China companies over Ukraine NST
- Russian oil tankers sanctioned by the UK gather in Baltic Sea Edge
