Capital markets news | Tue 8 Oct 2024
Equity and property markets
- ACE Market-bound Sorento sets IPO price at 37 sen Edge NST Star
- Mega Fortris Main Market IPO underwritten by RHB, Am Edge NST Star
- Northeast’s ACE Market IPO oversubscribed 73 times Edge Star
- Generator rental firm Express Powerr files for ACE Market IPO Edge NST
- HE proposes 45.6m special issue to Bumiputera investors Edge
- Foreign investors net sold RM1.1b on Bursa for China rotation Edge NST Star
- GLICs should crowd in private players Edge NST Star
- Chery mulls Hong Kong IPO for USD7b auto unit Edge
- Global investors are hoarding cash to bet on Taiwan’s AI return Edge
- Tokyo Metro to raise USD2.4b in Japan’s biggest IPO since 2018 Edge NST
- Saudi PIF open to bigger stake in Nintendo Edge
Debt and money markets
- Exsim fully redeems Tranche 2 sukuk ahead of maturity RAM
- Private placement credit positive for Peps-JV’s investment notes RAM
- Japan’s Norinchukin Bank plans 1st dollar bond since flagging losses Edge
- Bond bulls bet on India RBI’s dovish turn for rally to extend Edge
- US corporate bond spreads rally to 3-year low, bucking risks Edge
- Hedge fund Deer Park eyes distressed property debt in 2009 rerun Edge
- 10-year treasury yield hits 4% as recession fears fade Edge
Mergers and acquisitions
- Syed Mokhtar-linked firm sells 31.9% Media Prima stake Edge Star
- HeiTech Padu aborts Souqa Fintech deal in less than 2 weeks Edge NST
- Hibiscus completes purchase of 30% interest in PM327 PSC Edge NST
- Samsung Electronics not interested in spinning off foundry business Edge
- Quebec pension fund backs Couche-Tard’s takeover of Seven & i Edge
- Adani Group in talks to buy Heidelberg’s Indian cement operations Edge
- New York Sun owner close to GBP550m deal for Telegraph Edge
- Chevron sells Canada oil sand, shale assets for USD6.5b Edge
- Rio Tinto looks to snap up Arcadium before lithium prices recover Edge
Projects and business
- ITMAX secures 15-year smart parking contract in Muar Edge Star
- Tuju Setia’s JV company bags RM318m construction job Edge Star
- Uzma’s 50MW Kedah solar farm COD on 25 Sep Edge Star
- Northport completes 662,256 TEU container yard Edge NST
- Dayang bags accommodation workboat contracts from Petronas Edge Star
- Theta, Nylex eye LRT and ART developments in Johor Bahru NST
- Johor-based Gemilang to supply 76 double-decker buses to Dubai NST Star
- Uniqlo, 7-Eleven seek overseas growth amid Japan’s weak consumption Edge
- BP drops oil output target in strategy reset NST
Economy and market news
- Market-neutral budget focusing on fundamentals Star
- Oil palm industry’s future hinges on replanting in Budget 2025 Edge
- Green mobility in the country charging ahead Star
- Permanent secretariat for skilled manpower supply at KHTP Edge
- BNM international reserves rise 1.8% to USD119.7b Star
- Malaysia outlines 3 key strategies to strengthen Asean’s economy NST
- Asean should focus on high-impact quick wins Star
- Singapore’s retail industry still in the doldrums Star
- Vietnam’s carbon market may yield hundreds of millions in revenue Star
- China home sales rise after stimulus measures Star
- Northwest China leverages wind power Star
- UK’s Reeves promises guardrails around extra borrowing in budget Star
- World’s top uranium miner backs nuclear plant in referendum Edge
- Olive oil crisis eases as top producer sees harvest surge Edge
Legal and policies
- Sapura Holdings gets winding-up petition from shareholder Edge
- E-wallet providers call for SST exemption extension NST
- Segantii left Hong Kong office amid insider dealing charge Edge
- 1 in 7 UK companies consider leaving if taxes increase Edge
- EU backers of China EV tariffs face biggest risk of retaliation Edge
- Chinese market crucial for German firms Star
- Dutch carrier KLM seeks EU measures to curb China competition Edge
- Anti-migrant rage focuses on a hedge fund trader Star
