Capital markets news | Fri 1 Nov 2024
Equity and property markets
- Mega Fortris IPO oversubscribed 7.18 times Edge Star
- PublicInvest values Life Water at 16.9% above IPO price Edge
- Axis REIT raises RM449.7m via private placement Edge Star
- Minox proposes 1-for-2 bonus issue of warrants Edge Star
- MDEC partners regional VC firms for RM200m investment Edge NST
- Singapore’s MAS sets up new fintech network led by former chief Edge
- Tencent-backed Airwallex seeks funding at USD6b value Edge
- Thailand’s USD4.5b fund is buying stocks, eyes derivatives Edge
- Hong Kong dials back market-sounding rules for listed shares Edge
- GDS raises USD1b for data centre operations outside China Edge
- India’s Swiggy prices USD1.35b IPO at INR371-390 Edge
- xAI seeks USD40b valuation in new funding round Edge
Debt and money markets
- MTT Shipping’s AA3, P1 ratings affirmed RAM
- Sarawak’s Infracap, Aquasar AAA(s) ratings affirmed RAM
- Tropicana’s RM1.5b sukuk programme assigned A final rating MARC
- Terengganu’s AA- sub-sovereign rating affirmed MARC
- FGV grants RM260m loan to unit for capital expenditure Edge Star
- IGB to issue RM5b MTN for capex, working capital Edge
- Malaysia’s private non-financial sector credit grew 4.8% in Sep Star
- Indonesia’s new president faces USD186b debt dilemma Edge
- Investment-grade US dollar bond spreads tighten Star
- Asset-backed debt sales at USD313b Edge
- ESG sukuk may keep rising through to 2025 NST
Mergers and acquisitions
- MMC unit sells 15 acres Senai land to Taiwan’s Chenbro Micom Edge NST Star
- Ge Shen signs agreement to sell Johor industrial land for RM7.6m Edge
- Kyocera to sell down USD10.4b KDDI stake to boost finances Edge
- Marathon Oil to fire 500 Texas workers ahead of ConocoPhillips deal Edge
- Tupperware gets court approval for lender sale Edge
- BlackRock in talks to buy private-credit firm HPS Advance Edge
- UBS ultimately wants to buy a US wealth manager Edge
- Siemens agrees to buy software group Altair for USD10b Edge Star
Malaysian projects and business
- Petronas, Petros gas distribution talks ongoing Edge NST Star
- Petros allocates RM40b for capex over 5 years Edge Mail NST Star
- Deleum unit wins 2 Petronas jobs for Pan Malaysia services Edge Star
- More Petronas contract renewals likely Star
- MISC’s FPSO Marechal Duque achieves first oil NST
- SunCon wins additional RM265m data centre works in Johor Edge Star
- Cypark gets PPA revision for LSS3 project Edge NST Star
- Solarvest unit to operate as merchant generator under Neda Edge
- US-listed Enovix to fund USD100m battery investment with YBS Edge
- MN Holdings gets RM63m TNB contract for energy storage Edge Star
- MMAG’s JV gets 12-month ground-handling licence from Mavcom Edge Star
- Haily bags RM65m housing construction job in Johor Edge Star
- West Ipoh Span Expressway now estimated to cost RM6.2b Edge
- Duopharma gets RM87m supply contracts from Pharmaniaga Edge
- Bintai Kinden, Universiti Islam Melaka agree on RM13.5m debt Edge NST Star
Malaysian economy and market news
- Technology advancements focus of RAM Forum 2024 RAM
- Understanding Malaysia’s 2025 fiscal status Edge
- Highlights of Budget 2025 Edge
- BNM reserves at USD119.72b in Sep NST
- Malaysia received RM500m anti-dumping duties NST
- Malaysia among Asia’s most at risk if Trump wins NST Star
- How Malaysia is wooing overseas investors Star
- Johor to gain USD190m South Korean investments Star
Foreign projects and business
- China’s CNGR plans USD10b Indonesia battery material plant Edge
- Hyundai debuts its hydrogen car Star
- Toyota, NTT to invest USD3.3b in AI, autonomous driving Edge
- OpenAI, Broadcom working to develop AI inference chip Edge
- Visa to lay off 1,400 employees and contractors Edge NST
- Washington Post loses 200k subscribers for not endorsing Harris Mail
- Santander cutting 1,400 UK bank jobs Edge
- Volkswagen demands 10% wage cuts to save jobs Mail
Foreign economy and market news
- Thai economy expected to grow 3% next year Star
- Saudi Aramco to invest in oil refining, petrol distribution in Vietnam Edge
- China’s PMI at 50.1 in Oct, 1st growth since Apr Mail Star
- China tells carmakers to pause investments in EU Edge Mail Star
- Rush for greener offices in Asia leaves Hong Kong behind Star
- AI’s USD1.3t future increasingly depends on Taiwan Edge
- BOJ decides to hold rates due to unstable political situation Star
- Japan’s factory output picks up as economy continues to sputter Star
- US hiring in ADP data rises to fastest pace in more than a year Edge
- US looks to record another quarter of solid economy growth Mail
- Asia Pacific carriers see robust growth NST
Legal and policies
- 2 more arrested in paddy fertiliser procurement case Edge
- Ireka’s auditor expresses opinion disclaimer on financial statement Edge
- Ageson’s auditor issues opinion disclaimer on accounts Edge
- External auditor doubts Maxland’s going concern Edge
- Norway’s wealth fund proposes looser sustainability reporting to Bursa Edge
- Summary of 1MDB-Tanore judge’s basis for calling to enter defence Edge
- MPOB’s compliance initiatives bearing fruit Star
- Wasco’s German unit files for insolvency to prevent unreasonable claim Edge
- Singapore publishes national anti-money laundering strategy Edge
- China widens AstraZeneca probe as country boss investigated Edge
- EU slaps hefty tariffs up to 35% on Chinese EVs Mail NST
- EU investigates Temu for illegal product sales, mental health risks Mail
