Capital markets news | Wed 24 Jul 2024
Equity
- Korea’s OCI mulls RM1.5b IPO for Malaysian unit Edge
- Well Chip up 50% in Main Market debut Edge NST Star
- Toyota buys back USD5.2b shares from banks, insurers Edge
- Cyber firm Wiz seeks IPO, rejects Alphabet’s USD23b offer Edge NST
- CrowdStrike outage nets short sellers USD978m Star
- Abax raises exposure to South African equities Star
Debt
- Sabah Credit Corporation’s AA1, P1 sukuk ratings affirmed RAM
- Funding Societies disbursed RM300m Islamic business financing Edge
- Hong Leong says banks won’t be main winners from data centre boom NST Star
- Singapore’s Golden Energy inks USD600m private loan for coal mine Edge
- Private credit lenders get rare win in Indonesian court Edge
- China firms issue record USD14b convertible bonds as market revives NST
- US spot ether ETFs market debut another win for crypto Edge
- Golub leads USD1b private credit for TA’s acquisition of Momentive Star
- T. Rowe Price says blue bonds poised for growth Star
Mergers and acquisitions
- YTL Cement buys 81% of Singapore firm to expand IBS business Edge Star
- IOI Properties buys Tropicana Gardens Mall for RM680m Edge Mail Star
- GHL set for suspension as NTT’s takeover offer closes Edge
- Grab buys Singapore’s Chope to add dining reservation service Edge Star
- Robert Kuok’s Allgreen submits top bid for Orchard Road site Edge
- Singaporeans concerned about Allianz offer for Income Star
- Equinix buys 3 data centres in the Philippines NST
- Goldman Sachs buys Australia logistics properties Edge
- KKR in exclusive talks with Italy’s Eni to buy Enilive stake Edge
- Bosch to buy JCI air-conditioning assets in USD8b deal Edge
Projects and business
- Uzma gets RM19m infill well preparation contract in Thailand Edge Star
- Varia bags RM555m Penang sewage treatment plant subcontract Edge NST Star
- T7 gets Petronas Carigali LOA to provide jack-up drilling rig Edge NST Star
- CelcomDigi network upgrade at 75% by year-end Star
- Pfizer invests USD743m to expand Singapore facility Edge
- Video game company Xsolla opens office in China Mail
- Nippon Steel to dissolve JV with China’s Baoshan after 20 years Edge
- SoftBank’s Son pitches a new path for self-driving cars Star
Economy and market news
- Manulife forecasts Malaysia’s economic growth at 5.8% in 2024 Mail
- HSBC forecasts Malaysia’s 2024 GDP growth at 4.5% Star
- Bursa Malaysia set to auction 1st locally-generated carbon credits Edge
- Small rubber plantation consolidation reduces rubber import by 50% NST Star
- Singapore’s monetary policy likely to be unchanged Star
- Australia gives out offshore gas exploration permits Mail
- Carbon markets can help finance large-scale climate action Edge
- World’s largest recruiter says businesses lack confidence Edge
- Global IaaS public cloud services revenue up 16.2% in 2023 Edge
Legal and policies
- Buzz over likely applicants for digital insurance licences Edge
- Founder of South Korea’s Kakao arrested for stock manipulation Edge Mail
- India slashes import tax on gold, silver from 15% to 6% Mail
- EU wind industry warns Germany over large Chinese turbine deal Edge
- EU opens probe into possible online food-delivery cartel NST