Capital markets news | Mon 30 Sep 2024
Equity and property markets
- KHPT’s ACE Market IPO oversubscribed 124 times Edge
- Supplement maker OB to raise RM28.8m from ACE Market IPO Edge NST Star
- Metro Healthcare’s transfer to ACE Market underwritten by MIDF Edge Star
- Signature to transfer 2 units into new entity for ACE Market IPO Edge
- Citaglobal to list waste management division in 5 years Edge NST Star
- Talam plans 5-to-1 share consolidation, private placement Edge
- Propel Global to raise RM8.25m via private placement Edge
- TAS Offshore in potential equity market fundraise Star
- Strong fundamentals attract RM17.7b in foreign fund inflows NST
- Local equity market to attract foreign investors until end-2024 NST
- Dual listing in Singapore and Malaysia Star
- Singapore Exchange insiders cast doubt on stock-market revival Edge
- Shanghai Exchange races to fix glitch that rocked hedge funds Edge
- Alibaba-owned hypermarket chain Sun Art draws PE interest Edge
- Nio’s China unit to get USD1.9b from parent, investors Edge Star
- Billionaire investor David Tepper buys everything China-related Edge
- US rate cut, China stimulus drive more Asia PE deals Edge
- Ryan Reynolds’ MNTN to tap Morgan Stanley for IPO Star
- Wall Street’s ETF assets hit USD10t milestone Edge
- Britain targeting 2027 for faster T+1 trading regime Edge
- HSBC’s legacy capital jumps most in 14 years after call notice Edge
- LVMH invests in luxury outdoor brand Moncler Edge
- Actively managed ETFs worldwide hit record USD1t assets Mail
Debt and money markets
- SMJ Energy’s AAA sukuk ratings affirmed RAM
- SIBS’ RM3b sukuk assigned preliminary AA-, MARC-1 ratings MARC
- Healthy loan growth to sustain into 2025 Star
- Tropicana plans bond swap Star
- Fixing the MSME funding gap Star
- PTPTN’s RM41b debt 4th largest government guarantee Star
- Malaysia, Indonesia renew local currency bilateral swap Star
- ByteDance to sign USD10.8b corporate loan in Asian record Edge
- Poland plans to issue zloty, EUR and USD bonds from 2025 Star
- Previously risky real estate bonds are beating Nvidia’s returns Star
Mergers and acquisitions
- HeiTech Padu buys 30% of Souqa Fintech for RM16.17m Edge NST
- Sarawak govt raises stake in Affin Bank to 31.25% Edge NST Star
- Propel Global offers to buy additional 39% of Best Wide NST Star
- Japan’s Mitsubishi to acquire stake in Petronas LNG plant Edge NST
- Arm rebuffed by Intel after inquiring about buying product unit Edge
- Biden opposes Nippon Steel’s USD14.9b bid for US Steel Mail
- TPG in lead to buy Creative Planning stake at USD15b valuation NST
- Exxon director joins Elliott group seeking to buy Citgo Petroleum NST
- Australia’s REA raises bid for UK’s Rightmove to USD8b Edge
- Amazon’s USD4b Anthropic deal cleared by UK watchdog Edge
Projects and business
- Toll collection on WCE Section 1 to commence on 30 Sep Edge
- Singapore’s Equalbase constructs RM220m Penang warehouse Edge NST
- Ekuinas’ Orkim gets contract to charter 2 vessels to Shell Edge NST Star
- Powerwell bags RM13m Indonesia switchboards supply contract Edge NST Star
- Gamuda gets AUD243m wind farm construction contract Edge NST Star
- Petronas secures 3rd O&G concession in Abu Dhabi Edge NST Star
- Thailand’s pension fund earmarks USD11.6b for global investment Edge
- Tokyo Electron readies for India foray as Modi woos chipmakers Edge
- OpenAI sees revenue tripling to USD11.6b next year Edge
- Intel, US to finalise USD8.5b chips funding by year end Edge NST
- Thyssenkrupp steel head prepares staff for tough cuts Edge NST
- EU banks launch Wero to dislodge Visa, Mastercard Edge
- Elon Musk looking into Tesla’s German workers calling in sick Edge
- UBS in talks on Indian minority-owned wealth joint venture Edge
Economy and market news
- Malaysia rises 3 spots to 33rd place in Global Innovation Index NST
- Malaysia’s gaming industry set to attract investments from Japan Edge
- BNM to fully transition to new interbank rate within 3 years Edge NST Star
- Fitch sees RM4.00 to USD by year end Mail Star
- Malaysia’s strongest LNG production growth in short-medium term Edge
- Malaysian data centre market to further expand on demand surge Edge
- Penang rolls out RM2m annual subsidy to boost IC design sector Mail
- 500 China companies participate in Malaysia-China Summit 2024 Edge
- China cuts key rate, frees up cash for banks to spur growth Edge Mail
- Japan’s incoming PM Ishiba to keep borrowing costs low Mail Star
- Asia-Pacific deals fell 8.1% in Jan-Aug Star
- UK reconsiders tax on wealthy foreigners Mail
- 2 powerhouse industries leave the rest of the UK behind Star
- Nvidia’s Huang suggests nuclear power for data centres Edge
Legal and policies
- Bintai Kinden sticks to construction business to exit PN17 Edge NST Star
- Key tax measures in Budget 2025 to boost revenue Star
- SDB appoints new auditor after RM878m loss Star
- Malaysia helps palm oil producers’ compliance with EUDR Star
- Chinese companies urged to stay away from Nvidia chips Edge
- Online sellers on Walmart’s Flipkart sue Indian watchdog Star
- Olam fined USD3.3m for delayed cotton sales reports Edge Star
- Trump will seek Google’s prosecution if he wins election Edge
- TD Bank nears guilty plea in money-laundering case Star
- UBS chair warns against big increase in capital requirements Edge Star
- EU aims to block Chinese hydrogen tech in new auction rules Edge
- EU privacy regulator fines Meta EUR91m over password storage Edge
