Capital markets news | Wed 17 Jul 2024
Equity
- Kuchingko’s IPO oversubscribed 99.02 times Edge Star
- XOX proposes 30-to-1 share consolidation NST
- Asean stocks exchanges pursue regional depository receipts Edge
- Hann plans USD342m Philippines IPO next year Edge
- Hedge fund Segantii returned 90% of client money Edge
- India’s Vedanta seeks USD1b upsized share placement Edge
- Goldman Sachs sets up new Middle East-focused fund Edge
- European start-up funding up in 2Q, above Asia for 1st time Edge
Debt
- Notable Vision fully redeems Notes Series 2019-A RAM
- Telekosang Hydro plants suffers unexpected downtime RAM
- Sabah Development Bank’s AA1 ratings affirmed RAM
- Carsome secures RM100m loan from AmBank Edge NST Star
- Govt to introduce alternative private financing for water sector Edge
- Malaysia’s Islamic bank financing to double in a decade Mail
- Launch of 2 remaining digital banks delayed Mail Star
- Strengthening ringgit shrinks Samurai bond Mail
- Thailand gives USD2.8b soft loans to small businesses Star
- Ping An Insurance sells USD3.5b convertible bonds Edge
- Hong Kong mandates banks to issue multi-currency green bonds Edge
- HSBC sets up infrastructure finance, project finance advisory NST
- JPMorgan issued USD9b up to 11-year bonds in 4 tranches Edge
Mergers and acquisitions
- Vestland buys office suites, warehouses for RM25m Edge Star
- Maxis mulls U Mobile buyout, U Mobile to file for IPO Edge Star
- Penang Turf Club attracts local, foreign interest Edge
- MAHB takeover offer to be finalised in 3Q Edge
- Bankers chase more Malaysia M&As, deal volume up 87% Edge Star
- Adani, Wilmar weighing USD670m JV stake sale Edge
- Marathon sees opportunity in US real estate Edge
Projects and business
- Capital A’s ADE sees aircraft repair boom amid new plane shortage Edge Mail Star
- CGS to ramp up SE Asia investment banking business Edge
- Gamuda expected to bag another big data centre job NST Star
- 2nd 5G network to be awarded in 3Q2024 NST
- Selangor, China entities sign MOU on technology park Star
- PDG eyes Asia data centre expansion fuelled by AI Edge
- Huawei’s USD1.4b Shanghai research centre almost done Edge
- Morgan Stanley’s investment banking up 51%, wealth up 2% Edge Star
- One of B. Riley’s latest deals becomes its newest headache Star
- Rio iron ore output rises despite weaker demand Star
Economy and market news
- Malaysia to become Asia’s 3rd-biggest data centre market Edge
- MPOA sees CPO prices averaging RM3.85k-RM4k in 2024 Edge
- Malaysians to buy more cars this year amid steady economy Mail NST Star
- BMI forecasts robust consumer spending for 2024-2025 Mail NST Star
- SE Asia offshore gas production unlocks USD100b potential Edge
- Higher oil imports eat into Indonesia’s positive trade balance Star
- Prabowo spooks bond investors, stakes high for finance minister Star
- US approaches Indonesia for multinational critical mineral partnership NST
- China’s Third Plenum to produce modest economic reforms NST
- China’s youth face bleak job prospects as unemployment soars Mail
- China’s exports to prevail amid headwinds in 2H Star
- China’s 1H performance sets tone for solid growth Star
- Hong Kong staff of China FIs face pay clawbacks Edge
- US Federal Reserve closer to rate cut Star
- Copper’s biggest buyer substitutes copper for aluminium Edge
- Oil prices fall over 1% on Chinese demand jitters Star
Legal and policies
- Highway concessionaire COO nabbed for bribery Edge
- Arbitration award for Q&M Dental Malaysia Edge
- Not the right time to reinstate GST in Malaysia Edge
- Once India’s biggest startup, Byju’s faces insolvency Edge
- Chinese tycoon Guo guilty of USD1b investor fraud Edge
- Germany abstained from vote on EU tariffs on Chinese EVs Edge
