Capital markets news | Tue 28 Jan 2025
Equity
- Colform’s ACE Market IPO oversubscribed 42 times Edge Star
- Engineering firm ES Sunlogy prices ACE Market IPO at 30 sen Edge NST Star
- Bursa eyes 60 IPOs for 2025 including MMC Port Edge Star
- Symphony Life takes up RM12m Vizione private placement Edge
- Salutica plans RM11.9m private placement to fund capex, working capital Edge
- Local institutions boost stock market with RM551.6m in net purchases NST Star
- Great Eastern given until 25 May to comply with free float rule Edge
- Google Ventures-backed biotech Metsera seeks USD292m in IPO Yahoo
- China’s DeepSeek sets tech shares for USD1t drop Edge Star Yahoo
- UK set to make T+1 switch in 2027 in tandem with Europe Edge
- Global liquidity remains intact, but volatility will increase Edge
Debt and money markets
- MIDF, MIDF Amanah Investment Bank assigned A+, MARC-1 ratings MARC
- SC launches alternative financial scheme for MSMEs Edge NST Star
- X debt sweetened with USD6b xAI bet Yahoo
- Wall Street asks SEC to extend timeline for US treasury market overhaul Edge
- BMO managing director dismissed over SEC mortgage-bond probe Yahoo
Digital assets
- Bitcoin slips below USD100k as traders take profits Edge Star Cointelegraph
- Crypto markets suffered USD770m in bullish liquidations on Mon Coindesk
- Bitpanda, OKX, Crypto.com get European MiCA licenses Coindesk
- Virtuals expands to Solana, establishes SOL reserve Cointelegraph
- MicroStrategy proposes 2.5m share offering to fund bitcoin purchases Cointelegraph
- British businesses must catch up in introducing crypto solutions Cointelegraph
- Fake DeepSeek token hits USD48m market cap Cointelegraph
- KuCoin pleads guilty, agrees to pay nearly USD300m in US crypto case Edge
M&A and property
- REDtone surfaces as Theta Edge’s second-largest shareholder Edge
- Catcha buys 51% of SaaS provider Nexible for RM11.38m Edge
- Crescendo sells third Johor parcel to Microsoft for RM119.8m Edge Star
- Solarvest buys 30% of electrical works company for RM15m cash Edge Star
- UEM acquires 1.5m MAHB shares at RM10.96 Edge Mail Star
- Each telco to pay RM394m to buy out U Mobile’s, MOF’s DNB stakes Edge NST
- AAX-Capital A’s aviation biz merger deadline extended by 2 months Edge NST Star
- Ekovest-Knusford merger talks extended 6 more months Edge Star
- Icon Offshore shareholders approve vessel ops acquisitions Edge NST Star
- Unitrade clarifies funding sources for acquisition of metal recycler Edge
- DBS raises stake in Shenzhen Rural Commercial Bank to 19.4% Edge
- Canada’s Brookfield buys Tokyo luxury hotel stake in USD1.6b deals Edge
- Building products distributor QXO launching hostile bid for Beacon Edge
- Travel website Travala received unsolicited takeover approach Coindesk
- Sage rejects Biogen’s USD469m takeover offer Yahoo
- Trump says a lot of people will bid on TikTok Yahoo
- Enel, KKR among potential bidders for UK’s Cubico Yahoo
Other financial market news
- Solid US economy to back Fed’s interest rate hold Star
- Trump’s Treasury Secretary Bessent approved Coindesk Yahoo
- Big Oil in no rush to drill this year despite Trump agenda Yahoo
- UK firms see biggest hit to output and profit since pandemic Edge Star
- France’s Mistral’s keeps Europe’s AI hopes alive Yahoo
- Tesla, BMW sue EU after China-made EVs hit by tariffs Edge
- Russian oil refining rises as US sanctions target crude exports Yahoo
- Cheap oil keeps Russian crude flowing Star
- FOBO, fear of becoming obsolete, is the new business buzzword Yahoo
