Capital markets news | Wed 28 Aug 2024
Equity and property markets
- Steel Hawk’s ACE Market IPO oversubscribed 276.83 times Edge Star
- 99 Speed Mart’s IPO price fixed at RM1.65 Edge Star
- Padini proposes 1-for-2 bonus issue Edge
- Catcha Digital plans special issue for Bumiputera equity requirement Edge
- 4 Malaysian startups on Forbes Asia 100 to Watch list Mail
- China’s JD.com announces USD5b share buyback plan Edge
- LG Electronics weighs Indian IPO to chase USD75b revenue goal Edge
Debt and money markets
- Ho Wah Genting to issue RM60m redeemable convertible notes Star
- Temasek’s SeaTown raises USD1.3b private credit fund Edge
- Indonesian banks must publish lending rates breakdown from Oct Edge
- Country Garden mulls further delays to yuan bond payments Edge
- Nasdaq seeks SEC approval for bitcoin index options Edge
Mergers and acquisitions
- Careplus buys 9.09% of Indonesian glove maker for RM3m Edge
- Dialog sells Saudi unit to JV partner for RM55m Edge
- Sunway-REIT plans to invest in small neighbourhood malls Star
- Warburg, Lendlease buy USD1.2b real estate in Singapore Edge
- Silverlake Axis makes privatisation offer at 36 cents Edge Star
- Chinese oil giant to revive global dealmaking Edge
- SK Innovation shareholders approve merger of SK On, SK E&S Edge
- Couche-Tard plans to use debt to finance Seven & I takeover Edge NST
- Sony, India’s Zee settle dispute over scrapped USD10b merger Edge
- Skydance set to seal Paramount merger after Bronfman pulled out Edge
Projects and business
- Tex Cycle to make Australia’s BiobiN in Malaysia Edge NST Star
- Varia bags RM410m flood mitigation project in Johor Edge NST Star
- Sime Darby mulls closure of loss-making China branches Edge NST
- TNB signs PPAs with Prai Power, Panglima Power Edge Star
- Rohas wins RM123m Sg Rasau contract Edge NST Star
- Binasat gets RM23.76m cable laying job Star
- BYD says fate of lithium project is in hands of Chile’s govt Edge
- US to award HP USD50m for semiconductor tech project Edge
Economy and market news
- Businesses foresee more favourable environment in 3Q NST
- Malaysia’s RM120b GEAR-uP avoids adding fiscal strain Edge
- Global money piles into Indonesia with US Fed easing cycle Edge
- Thai exports post fastest growth in 28 months in Jul Star
- PDD’s financial performance sends warning on China economy Edge NST Star
- Chinese SOEs see uptick in Jan-Jul revenues Star
- China jet fleet to more than double on travel boom Edge
- BOJ shows how action matters more than signs Star
- Panama Canal eases limits that caused global shipping bottleneck Edge
- Goldman cuts oil outlook below USD80 as Opec+ risks send chill Edge
Legal and policies
- Government to introduce Act to cut red tape for businesses NST
- SP Setia sues former staff, director for breach of duty Edge NST Star
- SC’s AOB fines audit firm, partner over partner rotation requirement Edge NST Star
- China EV maker’s tepid reply to EU proves costly Star
- 100% pure New Zealand dairy firm busted for using Indian ghee NST
- Ex-Barclays wealth chief barred from job for misleading watchdog Edge
