Capital markets news | Mon 22 Jul 2024
Equity
- Cooking oil distributor Sik Cheong launches RM23m ACE Market IPO Edge Star
- Trading in Grand Central halted today pending announcement Edge Star
- Masteel to raise RM32m via placement for working capital Edge
- Thailand plans new financial business law to attract funds Edge
- Blackstone’s Gray expects new cycle for real estate market Star
Debt
- Central Impression’s AA- bonds rating affirmed MARC
- UMW’s sukuk AA+, perpetual sukuk AA- ratings affirmed MARC NST
- George Kent’s A+, MARC-1 ratings affirmed MARC
- Fed easing to support foreign buying of MGS in Jul RAM Edge
- RAM joins the United Nations global compact initiative RAM
- Sino-Ocean announces USD5.6b offshore debt revamp plan Edge
- China dumps USD79.7b US bonds and stocks in 5M2024 Edge
- Private credit pushes deeper into risk Wall Street is fleeing Edge
Mergers and acquisitions
- ExxonMobil transfers PSC assets in Malaysia to Petronas Edge Mail NST
- Genting Plant buys RM593m Indonesian land for property development Edge NST Star
- Sarawak, LTAT to sign Affin Bank deal after regulatory approvals Edge NST
- No Brahim’s Food stake sale talks with MAG since 2023 NST
- Berkshire sells Bank of America shares worth USD1.5b Edge
- Nippon Steel hires ex-secretary of state to help clinch US Steel Edge
- Unilever in talks to sell ice cream unit for GBP15b Edge
- Nationwide gets greenlight for GBP3b Virgin Money deal Edge
Projects and business
- SunCon gets RM418m sub-contract in Selangor data centre project Edge
- MCE bags RM19.6m parts supply contract for Perodua’s EV Edge NST Star
- Fima bags RM94m printing contract from Education Ministry Edge
- Press Metal, Chinese university sign carbon R&D agreement Edge
- EG gets USD117m purchase order for 5G photonics related products Edge NST Star
- KTMB’s new Asean Express to complement port operations Star
- Public-private partnership for HSR project Star
- Korea edges ahead of rivals to build Europe’s nuclear reactors Edge
- Amazon’s Twitch could be worth USD46b Star
Economy and market news
- Malaysia’s GDP expanded 5.8% in 2Q Star
- Malaysia eyes bigger slice of global LNG trading market Edge NST
- Data centres will need 1,400MW by 2029 from 900MW now NST
- China policy meeting disappoints, copper and iron ore slump Edge
- China vows more opportunities for private enterprises Star
- Fed’s Beige Book shows slight economic growth, cooling inflation Star
- UK bankruptcies jump to highest in over a year in Jun Edge
- ECB rates firmly on hold, but door to Sep cut still open Star
- Renewable electricity to outstrip coal next year NST
