Capital markets news | Fri 9 Aug 2024
Equity and property markets
- EPB’s 23 Aug ACE Market IPO oversubscribed 61.08 times Edge NST Star
- Vetece launches ACE Market IPO to raise RM34.3m Edge Star
- 3Ren gets Bursa nod for ACE Market IPO Edge NST Star
- Andora healthcare secures RM150m funding for hospital expansion NST
- I-Berhad to issue RM100m RPS to major shareholder NST
- Xiaomi-backed chipmaker Black Sesame falls in Hong Kong debut Edge
- Weapons startup Anduril hits USD14b valuation in new funding round Edge
- Fast-money quants are hammered after everything went wrong Edge
- Blackstone aims beyond mass affluent for new fund Star
Debt and money markets
- Foreign holdings of Malaysian bonds hit RM279b in Jul Edge
- Wanda nears loan facility deal to pay IPO investors Star
- China probes 4 rural banks for treasury bond manipulation Edge
- Meta raises USD10.5b, its largest high-grade debt sale Edge Star
- Wall Street debt underwriters to see bonuses jump 35% Edge
- Mortgage rates in US plunge to the lowest level since May 2023 Edge
- Del Monte’s drop-down transaction knock creditors to the bottom Star
Mergers and acquisitions
- Sunway-REIT buys Kluang Mall for RM158m Star
- SP Setia completes RM392m Semenyih land sale to Mah Sing Edge
- TSH’s Kalimantan land disposal downsized to RM447m Edge
- Seal buys 10% more of solar panel installer MSR Green Energy Edge
- Potential disposal of Wisma Sentral Inai by Sentral REIT NST
- Japanese cybersecurity firm Trend Micro explores sale Edge
- Re-privatisation of Germany’s largest gas importer Uniper on track Edge
Projects and business
- Infineon to invest additional RM30b to expand Kulim facility Edge NST Star
- US-based Enovix to invest RM5.8b in battery production facility Edge Mail NST Star
- Petronas mulling integrated development strategy in Suriname Edge Star
- Petronas withdraws from South Sudan Edge Mail Star
- FGV produces Malaysia’s 1st EUDR-compliant crude palm kernel oil NST
- Axiata’s Indonesian unit XL adds 900k more subscribers to 58.5mil NST Star
- Warner Bros writes down TV assets by USD9b Edge Star
Economy and market news
- Services sector revenue up 6.8% to record high RM607b in 2Q Edge
- Wholesale, retail trade sales up 5.4% to RM146b in Jun Star
- 6 GLICs commit RM120b locally over next 5 years Edge Mail Star
- Malaysia will weather mild US recession but risks aplenty Edge
- Malaysia’s economic resilience tied to strong China links Mail
- Data centre sustainability framework may affect competitive dynamics Edge Star
- Well-designed carbon market offers solution for climate change Edge Star
- 2/3 of Malaysian workers burnt out, millennials most affected NST
- EVs, hybrids make up 1/2 of China car sales in Jul Edge
- BOJ doesn’t view Jul hike as policy tightening Star
- India’s central bank holds repo rate at 6.5% since Feb 2023 Star
- JPMorgan boosts US recession chance to 35% by end-2024 Edge NST Star
- New applications for unemployment benefits lower than expected Edge
Legal and policies
- Fahmi proposed to let start-ups pitch directly to lawmakers Edge
- Appeal filed against court’s order for govt to return Duta enclave Edge
- MK Land settles with IRB, final bill down 85% Edge
- Kakao founder charged with stock manipulation in landmark case Edge
- India to keep sugar export curbs in blow to local producers Edge
- Ripple hit with USD125m penalty against USD2b US SEC claim Edge
- Shareholders sue Intel after job, dividend cuts cause stock plunge Edge
- UK probes Amazon’s USD4b investment pact with AI firm Anthropic Edge
