Capital markets news | Thu 5 Dec 2024
Equity
- Eco-Shop Marketing files for Main Market IPO Star
- Engineering firm Enproserve files for ACE Market IPO Edge
- Binasat plans private placement for property acquisitions Edge
- Apollo Food declares 30 sen dividend Edge Star
- Pentamaster’s Hong Kong-listed unit halts trading Edge
- Sentoria triggers PN17 criteria Edge Star
- Sapura Energy yet to submit regularisation plan to Bursa NST Star
- Seven & i’s USD60b buyout to include US assets IPO Edge
- Big hedge funds call on doctors, scientists for pharma stock edge Star
Debt and money markets
- Solarpack Suria Sungai Petani’s AA2 sukuk rating affirmed RAM
- UEM’s AA1(s) sukuk rating affirmed RAM
- UDA’s RM1b sukuk AA-, MARC-1 ratings affirmed MARC NST
- Public Bank makes early redemption of RM500m sukuk Edge
- Ekuinas eyes first private credit disbursement Edge
- Firm loan growth expected next year NST
- Huge Vietnam fraud case raises questions over banking system NST Star
- BlackRock flees public markets for private credit Star
- Barclays reaches USD19.5m settlement over debt sale blunder Edge
- Canary Wharf gets green light from bondholders for new debt Edge
M&A and property
- Mulpha buys Australia land for residential project Edge Star
- Public Bank completes acquisition of 44.15% of LPI Capital Edge
- ESR gets USD7b binding takeover offer from buyout group Edge
- Carlyle reviving sale of world’s biggest seaplane firm Edge Star
- Northvolt selling electric industrial battery business Edge
Malaysian financial market news
- Banks to close 2024 with stronger earnings RAM
- Sabah Water Dept ex-director to enter defence for money laundering Edge
- MACC helped nab Singapore tycoon after 19-year manhunt Edge
- Malaysia records 19.62m web-based attacks in 1H NST
- Signing of JS-SEZ deal postponed to Jan Star
- PayNet achieves 15% growth to RM6t Star
- Venture capital ecosystem critical for sustainable growth Star
- Perodua to produce 500 EVs monthly Edge Mail NST Star
Asian financial market news
- Singapore to receive more capital inflows in 2025 Star
- Indonesian interest rate cuts to narrow in 2025 Star
- Nvidia signs deal to help build Thai sovereign cloud Star
- Vietnam wants faster disbursement of foreign-funded public investment Star
- Global energy giants ramp up China presence Star
- Beijing on track to set up unified power market for renewable energy Star
- China’s services PMI eases to 51.5 in Nov Star
- Mitsubishi loses USD90m in China copper fraud Edge Star
- South Korea vows unlimited liquidity measures Mail Yahoo
- Dubai billionaire plans to build data centres across Asia Edge
- Qatar, Britain to sign agreement on financial services Star
- IBM forecasts AI revenue generation in 2025 Edge
Other financial market news
- Australia’s economic growth remains sluggish Star
- US Fed’s Powell upbeat about economy Star
- US Treasury sanctions people, firms over money laundering Coindesk
- Powell not concerned Fed loses independence under Trump Yahoo
- Trump picks Paul Atkins for SEC Chair Coindesk
- xAI to expand Memphis AI supercomputer Yahoo
- Meta to build USD10b AI data centre in Louisiana Yahoo
- AT&T to invest in American infrastructure if Trump slashes taxes Yahoo
- Microchip pauses Chips Act application Star
- Canada can strike Trump back on oil Yahoo
- Standard Chartered targets USD200b net new money Edge NST Star
- Mastercard to settle UK fee overcharging suit for GBP200m Edge
- UK kicks off nationalisation with 3 train lines Edge
- France in crisis after Macron’s premier ousted Yahoo
- Traders are shorting EUR-JPY over France no confidence vote Star
- ECB could cut rates by 25 bps in Dec Star
- Europe’s embattled auto sector plans plant closures and layoffs Edge
- 71% of firms are use AI in finance operations Mail
- OECD warns of protectionism risk to global growth outlook Star
