Capital markets news | Thu 18 Jul 2024
Equity
- Alps Global is Malaysia’s first biotech unicorn Edge
- EPF strengthens sustainable investment with stewardship policy Edge NST Star
- Honda’s USD3.16b secondary share sale priced at 3% discount Edge
- Block trades herald USD5b fee windfall for Japan’s brokers Edge
- AI in asset management will not deliver investment gains Star
Debt
- Cypark’s RM550m sukuk AA3 rating negative outlook maintained RAM
- Bank’s NPL could rise 20-25bps on restructured loans by end-2024 Edge
- Hong Kong regulator plans licensing regime for stablecoin firms Edge
- Japan to loan USD3.3b to Ukraine using frozen Russian assets Mail
- Goldman sells USD5.5b of bonds in post-earnings binge Edge
- US insurers buy mortgages outright in new twist Star
Mergers and acquisitions
- ILB buys solar energy company Armani for RM98m Edge Star
- PTT Synergy buys Selangor land for RM22m cash Edge Star
- Bank Muamalat has no definite plans for listing Edge
- Hong Seng Consolidated buys Hong Seng Frontier for RM45m Star
- Allianz to buy majority stake in Singapore’s Income Insurance Edge Star
- Thai billionaire Sarath plans USD20.5b telco, energy merger Edge
- Sale of US bus company Coach hits roadblock Edge
- UK’s Body Shop rescued by consortium after collapse Edge
- Europe’s biggest companies have more room for M&A Edge
- National Bank of Canada raises more equity for CWB deal Star
Economy and market news
- Taiwan looking to work with Malaysia on semiconductors NST
- Malaysian banks resilient amid economic headwinds Star
- Singapore’s Jun exports fall 8.7%, steeper than forecast Star
- Indonesia’s central bank holds rates steady Star
- Collapse of key natural gas trade suggests US supply glut Edge
- US industrial output up 0.6% Edge
- Global IT spending to grow 7.5% to USD5.3t in 2024 Edge
- Significant operational advantages for companies adopting AI NST
Legal and policies
- 5 Malaysian companies sanctioned by US since Dec 2023 Edge
- Dewan Rakyat approves Forest City’s Pulau 1 as duty-free zone Edge
- Scomi Energy seeks 6 month extension for regularisation plan NST
- Google, Microsoft offer Nvidia chips to Chinese companies Edge
- South Korea seeks to arrest Kakao founder for price-rigging Edge
- SEC sues ex-CEO of Digital World over securities fraud Edge
- Ex-Goldman banker extradited to New York in Ghana bribery case Edge
- Staff of hedge fund Syquant gave insider stock tips to brother Edge
