Capital markets news | Wed 26 Jun 2024
Equity
- Thai AirAsia X plans stock offering Star
- Thailand to raise tax breaks, trim lock-ups to buoy stocks Edge
- China’s support to boost Hong Kong IPOs in 2H2024 Edge
- Jain Global raises USD5.3b including from Abu Dhabi Star
- India regulator to tighten stock derivative rules Star
- South Korea fails MSCI reclassification due to short selling ban Star
- Australian pension fund shifts younger members to riskier bets Edge
- US cancer diagnostic test maker Grail listed on Nasdaq after spin-off Star
- Paris stock exchange says French snap elections worry investors Edge
Debt
- Pujian Bayu’s AA3 issue rating affirmed RAM
- TRIplc Ventures’ AAA(bg) issue rating affirmed RAM
- Bina Darulaman’s RM100m ICP programme rating withdrawn MARC
- Atome gets USD100m debt facility including from EvolutionX Edge Star
- China’s food delivery, shopping platform Meituan mulls USD1b bonds Edge
- Chinese developer Shimao sweetens debt revamp terms Star
- LG Energy Solution issues USD2b bonds in 3, 5, 10-year tranches Edge
- Bond bulls lift bets ahead of India’s JPMorgan index inclusion Star
- US investment-grade credit looks safer bet than US Treasuries Edge
Mergers and acquisitions
- Ramssol buys 51% of Thai AI firm Geekstart Edge NST Star
- Singapore’s Accrelist buys 29% of Malaysia’s MClean Technologies NST Star
- Keyfield buys 2 accommodation workboats for RM172m Edge Star
- HELP University founding family buys back controlling stake Edge
- Kenanga gets nod to raise stake in Merchantrade to 20% Edge Star
- OCBC amasses over 90% of Great Eastern Edge
Projects and business
- Bursa Carbon Exchange completes inaugural auction of RECs Edge Star
- MAHB passengers up 12.3% in May, pursuing 15 carriers Edge Mail Mail NST Star
- TRC Synergy gets RM125m maintenance contract from BHIC Edge Star
- DNeX completes Saudi Arabia’s Makkah route initiative NST
- Malaysian Genomics to market South Korean testing services in SEA Star
- Stellantis threatens to pull out of UK over EV sales mandate Edge
- BASF, Eramet cancel USD2.6b nickel project on EV slump Edge
- VW to invest USD5b in EV maker Rivian, establish JV Mail
Economy and market news
- Chinese companies seek Malaysia’s help to dodge US tariffs Edge Star
- Sarawak govt to cease injecting funds into SEDC, BDA by 2027 Edge
- Malaysia to retire coal-fired power plants by 2044 Edge
- RHB lowers Malaysia’s 2024 inflation forecast to 2.6% Mail
- CIMB revises Malaysia’s 2024 TIV to 751k units NST
- Different view on Malaysia’s decline in world competitiveness ranking Star
- BRICS membership not without risks Star
- Singapore wages up slower in 2023 than in 2022 Star
- China’s retail outlook dims after mid-year shopping festival flop Mail
- China to create new scenarios to boost consumer demand Star
- Central banks must prepare for AI Edge
- Senior Fed official warns of risk to US labour market Mail
- Austerity plan pushes Argentina into recession in 1Q Star
Legal and policies
- US retains Malaysia on currency manipulation watch list Star
- KNM gets temporary restraining order against creditors Edge
- Prolintas CEO, others arrested by MACC over alleged bribery Edge
- Serba Dinamik, 3 others withdraw appeal to Court of Appeal Edge
- Apex Equity shareholders vote out unconvinced external auditor NST
- Objections to EUDR have global support Star
- Pertamina ex-CEO jailed over Cheniere LNG contract Edge
- China hits back at EV allegations Star
- US judge rejects Visa, Mastercard USD30b swipe fee settlement Edge
- Microsoft risks EU fine after antitrust warning over Teams app Edge
- Sony, Warner, Universal sue over copyrighted music used for training AI Edge
