Capital markets news | Tue 3 Sep 2024
Equity and property markets
- Penang-based Chemlite files for ACE Market IPO Edge Star
- KAF underwrites engineering service firm 3REN’s ACE Market IPO Edge Star
- Llao Llao franchise holder Woodpecker plans Main Market listing Edge
- Foreign investors net bought RM1.5b equities last week Edge Mail NST Star
- What are Shariah-compliant income funds and how safe are they? Mail
- Cradle Fund, Invest India establish India-Malaysia Startup Alliance NST
- VentureTECH helps Malaysian companies list on Tokyo Stock Exchange NST Star
Debt and money markets
- Hanwha Q CELLS’ MTN rating withdrawn upon maturity RAM
- ByteDance eyes USD9.5b in record Asia dollar corporate loan Edge
- China Vanke debt cracks exposed after 1st loss in 20 years Edge
- Indian fund sells government debt in favour of corporate debt Star
- Landlords face a USD1.5t commercial real estate maturity wall Edge
- Cash-loving investors dig in even as US rate cuts threaten payouts Star
Mergers and acquisitions
- 23% of Ocean Vantage traded off-market at premium Edge Star
- Kenanga acquires 8% of Singapore fintech firm Helicap Edge NST Star
- Puncak Niaga sells Zuriat Watan for RM83.6m Edge NST Star
- NPC disposes of loss-making subsidiary for RM29m Star
- Jentayu seeks extension until 2025 to complete 2021 acquisitions Edge
- Mah Sing to sell Johor land to data centre player for RM260m Star
- Shanghai Pudong buys out Silicon Valley Bank’s stake in JV Star
- Hong Kong-listed AGTech buys Ant Bank Macao Mail
- 7-Eleven deserves more than shareholder sway Star
- In India, some M&A are more equal than others Star
- Blackstone nears USD13b acquisition of data centre operator AirTrunk Edge
- Murdoch’s REA mulls bid for UK property portal Rightmove Edge
Projects and business
- Puspakom begins operations as vehicle inspection licensee Edge
- Econpile wins RM71.2m Kuala Lumpur basement-related contract Edge NST Star
- Binastra wins RM235m Petaling Jaya 39-storey apartment contract Edge NST Star
- Powerwell secures RM9.8m order for RTS LINK project NST Star
- Scanwolf unit bags RM16.1m worth of flooring supply contracts NST Star
- Pekat signs 10-year solar power purchase agreement in Maldives Edge NST Star
- KLIA aerotrain to resume operations by 31 Jan Edge
- Volkswagen to close German plant, end job security scheme Edge
Economy and market news
- Malaysian manufacturers foresee strong exports to continue in 2H Edge NST Star
- FMM urges govt to facilitate foreign market access Star
- Semiconductors, construction projects to support growth in 2H Edge Mail Star
- Malaysia leads in Asean semiconductor investments race Edge Star
- Malaysia’s FDI inflows expected to remain sturdy Star
- Malaysia’s manufacturing PMI unchanged at 49.7 in Aug Edge Star
- Research firms predict BNM will keep OPR at 3% Mail Star
- Banking sector’s leading indicators remain strong Star
- Revival of MRT 3 to catalyse construction sector Edge NST Star
- More people in Singapore declared bankrupt in 1H Star
- Indonesia’s inflation stays within central bank range in Aug Star
- Challenges mount in China as factory, housing data dip Star
- Asian factories show tentative signs of recovery as China improves Star
- Steel industry leaders in US have high hopes for revival in 2025 Edge
- UK North Sea O&G tax changes mean GBP12b revenue drop Edge
- Turkey, Shell sign LNG supply deal in boost to gas hub ambition Edge
- Container carrier profits soar on record volumes, higher rates Edge
Legal and policies
- LHDN taxes DRB-Hicom RM246m for Alam Flora sale Edge Mail NST Star
- Khazanah Research Institute proposes central national AI agency Edge NST
- Reduce corporate tax, provide incentives in Budget 2025 NST
- China warns Japan of severe retaliation for possible new chip curbs Edge Mail
- China solar group, regulator propose tendering reforms to boost prices NST
- Germany extends trusteeship over Rosneft assets Edge
