Capital markets news | Mon 14 Oct 2024
Equity and property markets
- Signature Alliance files for ACE Market IPO Edge
- Lim Seong Hai files for IPO as part of ACE Market transfer Edge
- Breaking the large IPO curse Star
- ZUS Coffee funding deal brews interest Star
- BlackRock, Singapore’s GIC to invest in Hyundai Motor’s Indian IPO Edge
- UK’s fintech darlings push govt to back growth, IPO dreams Edge
- Lessons of reform from Black Monday Star
Debt and money markets
- INTI’s AAA(fg) issue rating affirmed despite parent’s default RAM
- Tropicana faces hurdle in debt swap Star
- China will increase debt to revive economic growth Mail NST
- Japan suspends Nomura from bond auctions after manipulation Edge
- US credit draws in foreign investors looking for lower costs to hedge Edge
- US Treasury urges IMF, World Bank provide liquidity to developing nations Mail
- IMF moves to ease billions in penalty fees for biggest borrowers Edge
Mergers and acquisitions
- Acquisition of MASwings to be finalised soon Edge
- Glostrext buys power supply system company for RM4.2m Edge NST Star
- Fajarbaru sells 44.44% of Australian property company Edge Star
- Exsim buys 70% of Sabah property developer WMG Edge Star
- PUC announces another sale of software, IP rights Edge
- Gadang sells Damansara Perdana leasehold land for RM65m Edge NST Star
- Enhancing investor confidence with merger control laws Star
- Sunway REIT completes RM215m acquisition of 163 Retail Park Star
- HMI Medical to buy majority of Singapore urology specialist Edge
- Japan’s Seven & i to split into 2 to fend off Couche-Tard takeover Edge
- Nippon Steel to sell Calvert JV to ArcelorMittal if US Steel deal completed Edge
- Korea Zinc sweetens buyback bid in escalating takeover fight Edge
- Sanofi in talks to sell 50% of consumer health unit to CD&R Edge
Projects and business
- Steel Hawk gets operational pigging contract from Petronas Gas Edge NST Star
- Tanco, CCCC Dredging to build Malaysia’s 1st AI container port NST
- ByteDance to cut hundreds of jobs including Malaysia NST Star
- Amazon prefers renewables in Asia as nuclear still elusive Edge
- DP World proceeding with GBP1b port investment NST Star
Malaysian economy and market news
- Malaysia’s unemployment rate hits 3.2% in Aug NST Star
- IPI rises 4.1% in Aug, below forecast Star
- Wholesale, retail trade sales up 4.7% to RM149.2b in Aug Star
- Manufacturing sales value up 7.7% to RM163.9b in Aug Star
- Govt expected to raise development expenditure in Budget 2025 Edge NST
- US tech giants’ USD14.7b proposed investments welcomed Edge
- GST implemented if minimum salary increases to RM3k NST
- Over 1/4 of Malaysian degree holders have unrelated jobs NST
- Malaysia’s palm oil production steady at 19.6m tonnes this year NST
- Widening the tax base Star
- Views on inheritance tax Star
- Tax perks draw family offices to Forest City’s special financial zone NST
- China SMEs look to invest in Penang Star
- Data centre debate rages on Star
- Helping hand for sinking banks Star
Foreign economy and market news
- China’s inflation up 0.4% in Sep, govt promises stimulus measures Edge Mail
- Chinese investors expect USD283b new stimulus last weekend Edge Star
- HK’s Lee to unveil steps to boost financial hub role Edge
- Japan PM won’t intervene in BOJ’s rate policy NST Star
- India is now Russia’s No 2 supplier of restricted technology Edge
- IMF’s new demand set to dissuade China investments in Pakistan Edge
- Britain launches industrial plan ahead of investor summit NST Star
- UK announces new investment in green energy projects NST
- ECB poised to deepen global easing with rate cut Star
Legal and policies
- EY is Pharmaniaga’s external auditor from 9 Oct Edge NST
- Kerjaya Prospek files fresh lawsuit over RM105m contract dispute Edge
- SC needs to seek authorisation from AG before initiating civil actions Edge
- Court orders Deutsche Bank to surrender documents to 1MDB Edge
- MPC launches guidelines for EV, battery management Edge NST
- Anti-dumping duty probe on China, Indonesia, Vietnam steel wire rods NST Star
- SC records 3,380 complaints on scams, unlicensed activities NST Star
- Indonesia asks Apple, Google to block China’s Temu Edge NST
- China seeks carbon data from ships as trading scheme grows Edge
- China says Foxconn employees probed for bribery, embezzlement Edge
- China warns EU against separate electric vehicle price negotiations Edge Mail
- Luxury goods unlikely to be next target of China’s EU trade retaliation NST
- New Zealand will ease foreign investment laws to attract capital Edge
- TD Bank pleads guilty to money laundering, fined USD3b Mail
