Capital markets news | Fri 23 May 2025


Equity

  • ICT Zone Asia’s ACE Market IPO oversubscribed 1.89 times Edge
  • MaiStorage targets Bursa listing by 2028 Edge
  • Symphony Life plans RM23m private placement for Lembah Ledang project Edge
  • Bursa launches Shares2U to boost retail investor participation Star
  • Barakah to be suspended on 30 May, faces delisting Edge
  • Pharmaniaga gets 3 months extension for regularisation plan Star
  • PN17 companies struggle to stay afloat NST
  • China plans regulation to aid tech firms listing overseas Edge
  • Ryan Reynolds’ MNTN raises USD187.2m in US IPO NST Star
  • Strategy plans USD2.1b sale of its perpetual strife preferred stock Coindesk

Debt

  • Zamarad’s sukuk tranche ratings affirmed RAM
  • Cahya Mata Sarawak’s AA3, P1 ratings affirmed RAM
  • AMMB’s AA2, P1 ratings affirmed RAM
  • Perdana Petroleum exploring financing plans for fleet renewal Edge
  • Maju Expressway’s bondholders hold out for solution Edge
  • Country Garden debt plan gets nearly 75% of bondholders’ support Edge
  • China’s Bilibili launches USD575m convertible notes offering Edge
  • New World has support from 10 banks for loan refinancing Edge
  • Japan’s possible response to rise in super-long bond yields Yahoo
  • BOJ policymaker rules out intervention to stem bond yield spike Yahoo
  • Private credit funds target billions in retail demand from Asia Edge
  • Treasuries vie for demand with Japan’s bonds Yahoo
  • US Treasuries sell-off remains orderly Yahoo
  • Bond market warns Trump, Congress on dangers of swelling deficit Edge Star Yahoo
  • US Congress doesn’t care about the debt Yahoo
  • Fed’s Perli encourages firms’ use of standing repo facility Yahoo
  • Global bond markets signal governments must pay more to borrow long-term Yahoo

Digital assets

  • Bitcoin rally takes largest token past USD111k for first time Edge Mail Yahoo
  • Bitcoin traders aggressively shorting as it hits new record high Coindesk
  • Bitcoin looks exhausted as next bear market yields USD69k target Cointelegraph
  • First US XRP futures ETF begins trading on Nasdaq Coindesk
  • Memecoin MOODENG, MEW surge after Robinhood listing Coindesk
  • USD400m Coinbase breach exposes crypto’s dark side Coindesk
  • Sui validators freeze majority of stolen funds in USD220m Cetus hack Cointelegraph
  • Global Dollar’s USDG eyes hundreds of partners attracted by yield Coindesk
  • Banks are panicking about yield-bearing stablecoins Cointelegraph
  • US stablecoin bill approval could trigger long-term crypto bull market Coindesk
  • Crypto’s real momentum isn’t in the charts, it’s in developer activity Cointelegraph
  • Centrifuge expands tokenised RWAs to Solana, starting with Treasury fund Coindesk
  • Major TradFi institutions to pursue tokenisation efforts on Solana Coindesk
  • Kraken to list tokenised version of Nvidia, Apple, Tesla shares Coindesk

M&A

  • US panel divided over Nippon Steel bid for US Steel but path forward seen Yahoo
  • OnlyFans owner in talks to sell to investor group at USD8b value Yahoo
  • India’s Bajaj Auto to take over Austria’s KTM with EUR800m loan Edge

Malaysian

  • BNM likely to cut rates in 2025 amid growth concerns Edge
  • International reserves touch 7-month high Edge NST Star
  • Ringgit could strengthen if RM265b foreign deposits converted Edge Mail
  • Apr inflation steady as food prices rise at slower pace Edge NST Star
  • Fiscal consolidation remains on track with lower 1Q deficit Edge Star
  • EPF’s external fund managers contributed 24% of investment income Edge NST Star
  • SC sees growing demand for single family office incentive Edge NST Star
  • Asean Summit to potentially unlock RM300b FDIs for Malaysia Edge Mail
  • Malaysia to lead regional grid integration starting with Vietnam-Singapore link Edge
  • MACC opened 3 investigation papers on MEX II bribery, false claims Edge
  • MACC freezes RM217m linked to Tan Sri in GLC money laundering probe Edge

Asia

  • Singapore flags recession risks after strong start to 2025 Edge NST
  • Thai baht slides after minister’s push for weaker currency Edge
  • US says it agreed with Japan that dollar-yen reflects fundamentals Edge

Other markets

  • Fed’s Waller offers route to rate cuts in 2H Edge
  • JPMorgan’s Dimon warns of US stagflation risk, says Fed right to hold Edge
  • Canada pension fund piles into US despite Buy Canada priority Star

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