Capital markets news | Tue 23 Jul 2024
Equity
- BWYS up 59% in ACE Market debut Edge Star
- YX Precious Metals gets SC nod for Main Market transfer Edge NST Star
- ZUS Coffee gets RM250m PE funding amid billion-ringgit IPO pitches Edge
- U Mobile plans over USD500m Malaysia IPO in 2025 Edge Mail NST Star
- Crescendo proposes 3-to-1 share split Edge
- RCE proposes 1-for-1 bonus issue Edge
- Foreign investors’ buying spree on Bursa up 55% Edge Mail NST Star
- Berkshire Hathaway cuts stake in BYD to below 5% Edge
- Startup Fizz raised USD41.5m for Gen Z’s anti-Facebook Star
- Anglo American Platinum evaluates London secondary listing Edge
- Geopolitics on top of wealth funds’ worry list Star
Debt
- Sarawak Petchem’s sukuk wakalah AAA(s) rating affirmed RAM
- BNM gives Class A licence to MPay for digital wallet, other services NST Star
- PBOC lowers rates to tackle economic slowdown, real estate crisis Mail Star
- CSOP to launch Asia’s 1st inverse bitcoin ETF in Hong Kong Edge
- Global funds pile up nearly CNY1t of China bank bonds Edge
- StanChart-backed Bohai Bank to sell USD3.5b in loans Edge
- Bond buyer clears China developer’s debt at 90% discount Edge
- Struggling Thames Water’s GBP10b bonds face double blow Edge
- Vodafone sells EUR1.3b Vantage Towers stake to pay off debt Edge
- German landlord Demire’s subsidiaries to file for insolvency Edge
Mergers and acquisitions
- Grand Central gets privatisation offer at 46 sen Edge NST Star
- Protasco sells Ikram Education for RM30m Edge NST Star
- India sends 100 queries for Reliance, Disney USD8.5b merger Edge
- Australia’s Woodside buys US-based Tellurian for USD900m Star
- Goodyear sells offroad tire business to Yokohama for USD905m Edge
- UK ex-finance minister working on GBP600m Telegraph bid Edge
- Saudi wealth fund offers to up its stake in Selfridges Star
- LVMH’s L Catterton buys malls stake from Hammerson Edge
- Porsche mulls buying a stake in troubled battery maker Varta Edge
Projects and business
- Innov8tif patents ID authentication via smartphone cameras Edge
- Petros signs GSA with Sarawak Petchem, Sarawak Energy Edge NST
- Sarawak launches RM7b methanol complex Edge Mail
- Ekovest may be dropped as River of Life PDP Edge
- MAHB, MBI sign MoU to develop Subang Airport Edge Mail NST Star
- Eversendai, Emirates Steel to supply steel for Trojena Ski Village Edge NST Star
- Shell Singapore’s energy transition with back-to-back transactions Star
- PetroChina joins Big Oil’s pledge to eliminate methane emissions Edge
- Nvidia preparing new AI chip for China Edge
Economy and market news
- AI, sustainability among skills in demand in Malaysia’s financial sector Edge
- Mobilising capital for a just transition in Malaysia Edge
- Penang leads Malaysia’s exports with RM177.99b for 5M2024 Mail
- Local airport traffic up 40% with inclusion of 6 airlines Mail NST Star
- Subsidy rationalisation part of efforts to cut yearly borrowing Star
- BNM international reserves fall to USD113.3b Star
- Copper hits new 3-month low with Chinese demand in focus Edge
- China’s belt and road extends to eastern EU Star
- Amid booming economy, India’s youth prefer secure government jobs Mail
- Deals scarce at Farnborough Airshow, focus shifts to supply chain and safety Mail
- Cocoa futures advance as Ghana seeks to restrict some supplies Edge
- Air travel demand normalising after Covid boom Edge
- Low lithium prices force miners to reevaluate output Edge
Legal and policies
- China EV firms to defend their rights in EU Star
- Hong Kong hands out record jail sentence for market manipulation Edge
- South Korean court approves arrest warrant for Kakao founder Edge
- Secret bank ratings show US regulator’s concern on handling risk Edge Star
- Hungary, Slovakia seeking EU help as Ukraine targets Lukoil Edge
