Capital markets news | Tue 5 Nov 2024
Equity and property markets
- Main Market-bound Life Water’s IPO oversubscribed 32.19 times Edge Star
- Khee San’s rights issue underwritten by M&A, Kenanga, Malacca Edge NST Star
- Destini plans 10% private placement Edge
- BHIC’s intraday short-selling suspended after falling to 18-year low Edge NST
- Possibility of special dividend payouts ahead of new 2% tax Edge
- ACE Market IPOs will require bumiputera equity threshold Edge
- Foreign investors net sold RM1.01b equities last week Edge Star
- China revises rules to ease foreign investment in listed firms Star
- BlackRock affected by ESG fund setback in Europe Star
Debt and money markets
- IJM Land’s A2(s) issue rating affirmed RAM
- Standard Chartered Malaysia and Saadiq AAA, P1 ratings affirmed RAM
- Kenanga Investors, Kenanga Islamic Investors IMR-2 rating affirmed MARC
- Berapit Mobility’s RM1.5b sukuk programme assigned AA final rating MARC
- Northport’s RM1.5b sukuk AA rating affirmed MARC
- KPJ’s sukuk programme rating upgraded to AA(cg) MARC
- MIDF unveils RM200m financing to help SMEs’ tech transition Edge
- Kyrgyzstan weighs debut US dollar bond sale Star
Digital assets market
- Temasek-backed blockchain fund eyeing USD100m fundraise Edge
Mergers and acquisitions
- Datasonic buys 51% of Innov8tif from Revenue for RM40m Edge Star
- Genetec sells its entire stake in subsidiary to ex-director Edge
- Mavcom approves MAHB privatisation, invites feedback by 6 Nov NST Star
- Possible entry of Ekuinas in Cape EMS NST
- Anglo American sells Australian coal mine stake for AUD1.6b Edge
- Stonepeak nears deal for aircraft lessor ATSG Star
- Blackstone in bid for shopping malls firm Star
- Commerzbank to free up capital to fend off UniCredit Edge
Malaysian projects and business
- Petronas’ lucrative helicopter contract up for grabs Edge
- Petros commits RM1b to Samalaju gas pipeline project Star
- Carimin Petroleum gets 5-year services contract from Shell Edge Star
- Dayang wins pan-Malaysia services contract from Shell Edge Star
- Elridge to supply biomass feedstock to Japanese company Edge NST Star
- Bintai Kinden clinches RM61m Melaka housing construction Edge NST Star
- Tuju Setia gets RM411m job to build Sunway houses Edge NST Star
- Bina Puri gets RM113m Sarawak water pipeline contract Edge NST Star
- RAM awards Masteel platinum rating for strong ESG leadership Star
- MCE, China’s Chuhang sign MOU on automated driving radar Edge Star
Foreign projects and business
- Singapore Airlines to spend USD835m on A350 cabin upgrade Edge
- GLP’s cancelled bond sale trains spotlight on long-term finances Edge
- Foxconn unit seeks Vietnam permit for USD80m investment Edge
- Apollo plans to double Asia-Pacific headcount in private wealth Edge
- Former Russia central banker under US sanction joins IMF Star
Foreign economy and market news
- Singapore insurers have healthy capital buffers Star
- China’s Standing Committee to approve multitrillion CNY package Star
- Chinese solar firms move to countries out of US tariff reach Edge Star
- China’s top coal firms lean into power as mining profits slip Edge
- Some curbs on buying homes in China’s cities to remain Star
- Australia’s RBA set to hold cash rate at 4.35% today Star
- Markets need convincing on UK investment plans Star
- UK PM Starmer pledges more growth reforms Star
- Markets uncertain about rate cuts ahead of BOE’s decision on Thu Star
- UN Biodiversity Conference ends in limbo, sparring over funding Star
Legal and policies
- Star, JAKS settle 6-year dispute over Section 13 land deal Edge
- Aviation regulator suspends SKS Airways’ air operator’s certificate Edge
- Jul 2025 end of the road for NGV-powered vehicles Edge
- PLCs show progress in adopting corporate governance best practices Edge Star
- Only 18% of companies limit independent director’s tenure to 9 years NST
- China appeals to WTO over EV tariffs imposed by European Union Edge
- China urges France to get EU to arrive at palatable EV trade solution Edge
- Australia’s Mineral Resources founder Ellison to step down after probe Edge
- Facebook, Nvidia seek Supreme Court protection from securities fraud suits Edge
- B. Riley-backed franchise group files for bankruptcy Edge Star
- New Jersey hospital chain CarePoint Health files for bankruptcy Edge
- Canada to unveil plan for emissions cap on oil and gas sector Star
- EU to assess if Apple’s iPad OS complies with bloc’s tech rules Edge
