Capital markets news | Tue 9 Jul 2024
Equity
- Tex Cycle seeks transfer from ACE Market to Main Market Edge Star
- IT firm TechStore files for ACE Market IPO Edge
- Buffalo Investment Agency achieves the largest AUM in Malaysia NST
- Hong Kong set for busiest IPO week this year with 6 listings Edge
- Chinese, Indian stocks favoured over Japan in Asia’s 2H Edge
Debt
- Malakoff’s RM1.2b sukuk programmes assigned MARC-1, AA- ratings MARC
- SP Setia’s RM3b sukuk programme AA rating affirmed MARC
- Maybank targets syndicated loans, double Vietnam assets by 2027 Edge Star
- PBOC has multibillion-yuan pool of bonds to sell Edge
- PBOC to start temporary and reverse repos Star
- Worries grow over private-credit funds with no skin in the game Star
Mergers and acquisitions
- Sarawak premier says Affin Bank deal to be signed on 19 Jul Edge NST
- Casio King’s children get 74% of Eurospan as MGO closes Edge
- NTT extends closing date to 23 Jul after getting 94.61% of GHL Edge
- Proven Land buys 20% of EXSIM’s unit Sunrise Charm NST Star
- Mara’s losses partly from overseas asset purchase in 2012-2014 NST
- Japanese MNC eyes KNM’s Borsig Star
- China’s BYD buys 20% of Thai dealer Rever Automotive Edge NST Star
- Britvic acquisition sweetened with USD4.2b offer Edge Mail Star
- Paramount’s board of directors approved Skydance merger Edge Star
- UK fintech firm Revolut’s CEO to sell stake in USD500m share sale Edge
- BNP, UBS interested in HSBC’s German wealth unit Edge
- Canada approves USD6.93b Glencore takeover of Teck coal unit Edge
- Canada puts its big miners off limits just as takeovers heat up Star
- Shell, Total, others to take stakes in Adnoc’s LNG plant Edge
Projects and business
- ASX-listed fintech company Raiz to exit Malaysia Edge NST
- Petronas adds 3 new vessels ahead of LNG Canada start-up Edge Mail NST Star
- Southern Cable wins RM99.6m cable supply contract from TNB Edge NST Star
- U Mobile to use Edotco’s towers for 2nd 5G network Edge NST Star
- Hydrogen buses to power Sarawak Metro’s KUTS project Star
- Volcano to invest RM100m to expand ops in Malaysia, Thailand Star
- Citi Singapore shrinks by 500 staff amid global restructuring Edge
- Shell to writedown USD2b on Singapore, Rotterdam plants Edge NST
- China’s BYD to build USD1b EV plant in Turkiye Edge Star
Economy and market news
- Malaysia’s halal exports were RM54b in 2023 Mail Star
- Malaysia’s international reserves were USD113.8b at end Jun Mail NST Star
- Singapore makes life tougher for global talent Star
- JPMorgan cuts forecast for emerging market corporate defaults Edge
- China’s foreign exchange reserves were USD3.22t at end Jun Mail NST
- PBOC keeps gold buying on hold for 2nd month Star
- Japan’s 1H bankruptcy highest in a decade Edge
- Bank of Japan signals progress in wage, price hikes Star
- Japan will be short 1m foreign workers in 2040 Star
- Euro zone investor morale drops Mail
- German exports fell 3.6% in May, more than forecast Star
- Canada’s unemployment rate rises to 6.4% NST
