Capital markets news | Thu 12 Sep 2024
Equity and property markets
- Green Esteel may become Southern Steel controlling shareholder Edge
- EPMB places out 30% shares to fund new manufacturing plant Edge
- Maybank invests in Funding Societies Edge Star
- Singapore-traded Grand Venture eyes 2nd listing in Malaysia Edge Star
- MR DIY’s Indonesian unit eyeing IPO in late 2024 Star
- Hillhouse, GIC in talks to invest in Midea’s Hong Kong IPO Edge
- Hong Kong revising market sounding rules to put burden on banks Edge
- Brookfield to invest USD1.1b in green fuel maker Infinium Star
- Goldman stock model tests ESG assumptions Star
Debt and money markets
- Telekosang Hydro One’s securities placed on negative rating watch RAM
- SEP Resources’ RM185m SRI sukuk assigned final AA1 rating RAM
- Kapar Energy Ventures’ sukuk AA+ rating affirmed MARC
- IHH establishes RM15b sukuk programmes Edge Star
- Carsome gets RM200m financing from AmBank, Maybank Edge Star
- Genting Malaysia prices USD525m senior notes Edge Star
- Capital market key to driving climate transition Edge Star
- Islamic finance could become driver for greener economy Star
- Goldman Sachs to sell SRT tied to USD3b of leveraged loans Edge
- Blackstone sells 2nd commercial mortgage bond to fund buyout Edge
- JPMorgan, others working on GBP8b debt for UK’s Belron Edge
- Hewlett Packard sounds out investors for USD9.5b debt deal Edge
Mergers and acquisitions
- Hextar Technologies to sell 5 industrial plots to Widad Edge Star
- Concorde Hotel not for sale NST Star
- Mapletree sells 3 Malaysian properties for RM157.5m Edge
- PUC to sell IT associate NKL360 for RM11.67m Star
- Mikro MSC buys Singaporean signage, interior fit-out firm for RM30m Edge Star
- ANZ revives plan to sell Jakarta-listed Panin bank stake Edge
- BOJ’s bond buying cuts carve out opening for Japanese investors Edge Star
- Contact Energy to buy NZ rival Manawa to grow power capacity Star
- Kate Spade, Coach bags take spotlight in USD8.5b FTC fight Edge
- Goldman Sachs to transfer GM credit card business to Barclays Edge
- Nippon Steel sends VP to Washington to rescue US Steel bid Edge
- Formula 1 wraps up USD2.55b M&A, refinancing loan package Edge
- REA’s GBP5.6b takeover proposal rejected by Rightmove Edge Star
- Italy’s UniCredit buys Commerzbank stake from Germany Edge Star
Projects and business
- Terengganu, TNB launch 2,000MW floating solar farm at Lake Kenyir Edge
- Kerjaya Prospek gets RM292.8m construction contract Edge NST Star
- Citaglobal gets RM51m riverwall, infrastructure contract in Sarawak Edge Star
- Port Klang seems likely to get 3rd port Edge
- China’s Comac eyes Singapore, Hong Kong for overseas offices Edge
- Samsung Electronics to cut 30% of jobs in some global divisions Edge
- Larsen & Toubro to invest USD300m to create Indian chip company Edge
- Amazon to invest GBP8b in UK, continuing AWS expansion Edge
Economy and market news
- UOB Kay Hian unveils 16 shariah-compliant commodity futures Edge
- CPO prices to hover around RM4k per tonne by year end Edge NST Star
- Malaysia’s palm oil stockpile to remain high, exports may weaken NST
- Malaysia continues to attract FDI despite regional competition Star
- Multi-year upcycle for property is in motion Star
- Singapore keen on renewable energy collaboration with Sarawak Edge
- Payments in Singapore with stablecoins rise to almost USD1b Edge
- Market watchers expect Singapore’s GDP to grow 2.6% Edge
- Singapore family offices look to hire outside talent Star
- Indonesia’s shrinking middle class threatens high-income ambitions Mail
- Vietnam’s export hubs face weeks of disruption after typhoon Edge
- Vietnam central bank to raise currency reserves Star
- Chinese policymakers discuss proposal to delay retirement age NST
- Unworkable housing math prolongs China’s property crisis Star
- China still central to Asian trade Star
- Japan considers support measures for long-term LNG contracts Edge
- BOJ signals readiness to raise rates if inflation on track Edge
- Australia’s tight labour market set to ease NST
- US consumer prices rise moderately in Aug Star
- US 30-year mortgage rate slides to lowest since Feb 2023 Edge
- US traders still see at least 2 jumbo Fed cuts soon Star
- Cyberattacks on US utilities surged 70% this year Edge
