Capital markets news | Wed 11 Sep 2024
Equity and property markets
- Solar District Cooling’s ACE Market IPO oversubscribed 144 times Edge NST Star
- Zantat to raise RM14m via placement to Bumiputera investors Edge
- KWAP, Kapal Api, KV Asia invest RM250m in ZUS Coffee Edge Mail NST Star
- Giant Malaysian IPOs before 99 Speed Mart’s monster debut Mail
- MR DIY Thailand applies for listing on Thailand’s stock exchange Edge NST
- Online lender K Bank plans USD732m IPO in Seoul Edge
- Korean minister calls for scrapping of investment gains tax Star
- UBS weighing wealth tie-up to compete in cut-throat Indian market Edge
Debt and money markets
- SAJ Capital’s AA- rating affirmed MARC
- Penang Port’s AA- rating affirmed MARC Edge
- Sabah’s AAA rating affirmed MARC NST
- Moody’s affirms Khazanah’s A3 long-term issuer rating Edge Star
- Magma shareholders approve RM100m redeemable convertible notes NST Star
- Islamic finance key to bridging sustainability funding gaps Edge
- Moody’s expects global sukuk issuance to surpass USD200b Edge
- Singaporean venture capital Genesis raises start-up debt fund Edge
- Hong Kong’s CK Hutchison to issue USD1.5b bonds Edge
- Chinese builders Sunac, Logan mulling local debt overhaul Edge
- Time to address Asia’s climate finance gap Star
Mergers and acquisitions
- Catcha Digital eyes aggressive M&A expansion Edge
- Hong Leong Bank likely to cut stake in Bank of Chengdu Star
- Office floor in Singapore’s Orchard Road building sells for record rate Edge
- Takeover of Ninoy Aquino airport taking off Star
- Samsung sells polarising film business to Chinese firm for USD836m Edge
- Saudi fintech acquisition by Tabby sparks new hopes for VC Edge
- US tries to stop merger of handbag brands Star
- Hedge fund chief Paul Marshall buys Spectator for GBP100m Edge
Projects and business
- HE Group gets RM30.6m contract in Ulu Klang Edge NST Star
- Taiwan-based Elna PCB opens RM1b Penang manufacturing plant Edge Star
- Marriott to open 20 hotels across Malaysia in next 5-10 years Edge
- DBS taps Goldman Sachs to find insurance partners in India, Taiwan Edge
- Indian strike hits Samsung production at key electronics plant Edge
- Coal India to spend USD8b on coal-fired plants near mines Edge
- VW scraps 3-decades-old German jobs guarantee to cut costs Edge
Economy and market news
- GAIN achieves RM31.9b revenue, RM11.2b exports Edge
- Domestic spending, exports to sustain factory output growth Edge Mail
- Stable job market phase Star
- Manufacturing sales value hit RM157b in Jul, highest since Feb 2023 Edge NST Star
- Malaysia’s IPI expands 5.3% in Jul Star
- BNM deputy governor sees OPR at 3%, growth at 5% in 2024 Edge
- Calls for 2.5% of GDP to revitalise infrastructure in Budget 2025 NST
- Let private sector drive mega projects Star
- Logistics rental in Kuala Lumpur to stay flat next 12 months Edge
- Prices in China to maintain recovery in 4Q Star
- China to compel new sectors to join carbon market by end-2025 Edge
- New China rules set to raise investor confidence Star
- Australia’s consumer pessimism persists Star
- US small business sentiment ebbs in Aug amid rising uncertainty Edge
- UK can tax wealthy to close big fiscal gap Star
- UK pay growth cools, keeping BOE on track for another rate cut Star
- Feedstock is major concern for sustainable aviation fuel production Edge
Legal and policies
- MACC remands GLC officer over appointment of husband’s firm Edge
- 3 companies face fine for RM45m tender bid rigging Edge Star
- inDrive in talks with Transport Ministry on price bidding system NST
- Australia’s Domino’s served with class action on misleading comments NST
- US House passes bill to blacklist some Chinese biotech firms Edge
- Fed’s Barr unveils bank capital plan changes after pushback, delays Edge Star
- UK bank bosses head to Reeves meeting with capital rules in focus Edge
- Glencore billionaire Alex Beard appears at UK court for corruption Edge
- Google loses EU court fight over EUR2.4b antitrust fine Edge
- Apple loses EU top court fight over EUR13b Irish tax bill Edge NST
- How the EU is cracking down on Apple, Google and other big tech Mail
- EU to lower proposed tariffs on Teslas, EVs from China Edge
