Capital markets news | Tue 4 Nov 2025
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Special purpose acquisition company (SPAC) in Malaysia: Only 3 SPACS were ever listed on Bursa Malaysia (1) Hibiscus Petroleum raised RM240m in 2011 and is still listed (2) Sona Petroleum raised RM550m in 2013 but its QA failed to obtain SC’s approval and the funds were returned to investors in 2016 and (3) Reach Energy raised RM750m in 2014 and is still listed.
Equity
- Farmiera’s IPO oversubscribed 16.7 times ahead of ACE Market debut Edge Star
- Wasco Greenergy eyes Dec Main Market debut as shareholders approve listing Edge
- Mara aims to list 3 bumiputra firms Star
- AWC plans 1-for-4 bonus warrants Edge
- Ireka ropes in China-based firm for recapitalisation plan for PN17 exit Edge
- Destini faces trading suspension after failing to submit annual report Edge Star
- Ho Hup says it risks share suspension if annual report not issued by 7 Nov Edge Star
- Plantation, technology, telco sectors attracted RM246.6m inflows last week Edge Star
- Foreign outflows jump to RM884.6m in fourth week of selling NST
- Aquilius raises USD1.1b for Asia’s largest real estate secondaries fund NST Star
- Wee Hur ventures into hospitality industry Star
- Philippines seeks fix for world’s worst-performing stock market Edge
- Chinese EV maker Seres raises USD1.8b in Hong Kong listing Edge Yahoo
- Driverless tech firm Pony AI raises USD863m in Hong Kong listing Yahoo
- Norway, Abu Dhabi, Singapore sovereign funds to invest in India’s Groww IPO Edge
- PayPal-backed Pine Labs seeks up to USD439m in Mumbai IPO Edge NST
- Central Bancompany seeks valuation of up to USD5.72b in US IPO Yahoo
- Beta Technologies to price IPO at USD34 Yahoo
- Animoca Brands files for Nasdaq listing via reverse merger Coindesk Yahoo
- Donut Labs raises USD15m seed funding for crypto trading browser Coindesk
- Global pre-hedging guidance stops short of ban investors wanted Edge
Debt
- RCE Marketing’s Zamarad Tranche 11 sukuk assigned preliminary ratings RAM
- Banking sector still seen as attractive despite expected rise in bad debts Edge
- Banking sector loans grew 5.5% in Sep NST Star
- Thailand plans loans buyback of USD3.73b to ease household debt woes Edge
- China’s finance ministry sets up new debt management department Edge Mail
- Vanke bonds plunge as biggest backer tightens loan terms Edge
- New World plans USD1.9b debt swap with creditor haircuts Edge
- More consumers are slipping into the riskiest credit segment Yahoo
- Alphabet selling at least EUR3b bonds for AI expansion Edge Yahoo
Digital assets
- How an accused scam kingpin built an empire from Cambodia to London Edge
- Ant chairman touts tokenised money for settlement, mum on stablecoin plans Yahoo
- Hong Kong to allow crypto exchanges to tap global capital pools Edge Star Yahoo
- Bitcoin slides below USD106k as cryptos tumble, nearing Oct crash lows Coindesk
- Bitcoin retail investors retreat to USD98.5k Cointelegraph
- Hack drains over USD100m from crypto protocol Balancer Edge Cointelegraph
- Not all RWA growth is real, and the industry knows it Cointelegraph
- Zerohash lands MiCA license amid USD2b Mastercard acquisition Cointelegraph
M&A
- Johor’s Lido Waterfront land parcels up for sale, may fetch about RM400m Edge
- Mah Sing acquires RM273.5m Semenyih land from SP Setia for township Edge Star
- Petronas-Eni JV to combine Malaysia, Indonesia upstream assets Edge NST Star
- Kuwaiti unit may divest stake in Lang Lebah Edge
- Genting’s GENM takeover unconditional after crossing 50% threshold Edge Star
- Zen Tech’s bid to buy stake in Islamic payment gateway provider falls through Edge
- Dow Jones rekindles talk of Mapletree, CapitaLand merger Edge
- CapitaLand issues statement on potential merger with Mapletree Edge
- Sinopec said in talks to merge with China’s aviation fuel giant Edge
- Starbucks sells 60% stake in China unit to Boyu for USD4b Yahoo
- South Korea’s Lee orders emergency stop to govt asset sales Edge
- Frances’ Systra acquires Australian engineering company BG&E Yahoo
- Kimberly-Clark to buy Tylenol maker Kenvue for USD40b Edge
- SM Energy to combine with Civitas in USD13b oil and gas merger Yahoo
- Eaton acquires Boyd’s thermal business from Goldman Sachs for USD9.5b Yahoo
- BP agrees to sell stakes in US shale assets for USD1.5b Edge NST
- CHS inks deal to sell stake in Tennessee hospital to VUMC Yahoo
- New York’s Cumming acquired project management consulting firm LeftField Yahoo
- Ripple acquires crypto wallet firm Palisade Coindesk
Malaysian
- FIMM reprimands unit trust, private retirement consultant for breaches Edge Star
- Abu Sahid’s, Yap’s MEX II cases moved from Shah Alam to KL Edge
- Factory activity slows as new orders soften Edge NST Star
- Malaysia forced into US trade talks to protect its exports Edge
- Malaysia reserves right to cancel US trade agreement at any point in time Edge
- Companies not allowed to offset excess tax against future tax liabilities Edge
- Number of foreign workers down 13% to 2.13m amid efforts to curb dependency Edge
- First trial phase of RTS Link set to begin in Dec without passengers Edge
Other markets
- Vietnam upbeat of achieving 10% economic growth next year NST
- China’s factory activity growth slowed Edge NST
- Microsoft vows to spend USD8b in UAE through 2029 on cloud, chips Edge
- Asia’s factories stumble as US tariffs hit order books NST Star
- Australia household spending rises modestly, consumer demand patchy NST Star
- Fed president explains vote against interest rate cut Yahoo
- Fed’s Goolsbee, Cook, Daly join chorus undecided on Dec rate cut Yahoo
- Fed’s Miran repeats view that policy remains too restrictive Yahoo
- Trump says China, other countries can’t have Nvidia’s top AI chips Edge Mail
- Trump battles tiny toymaker over tariffs in landmark Supreme Court case Yahoo
- US manufacturing contracts further in Oct, supplier delivery times lengthen Edge
- US economy at risk of wobble as lower-income consumers get squeezed Edge
- Hackers and crime rings teaming up to steal cargo Edge
- Bank of England likely to slow rate cycle Star
- Reeves targets wealthy Britons with exit and mansion taxes Star
- ECB’s Nagel says outlook holding but options open in Dec Edge
- Big manufacturing economies struggle as US tariffs hit order books Edge