Capital markets news | Wed 6 Mar 2024

Capital markets news | Wed 6 Mar 2024

Equity

• Keyfield signs IPO underwriting agreement with M&A Securities Star Edge

• Tanco to list unit developing RM2b AI port in PD Star

• Nextgreen to raise cash for GTP project Star Edge

• Singapore’s Temasek in talks to invest in OpenAI Edge

• Alibaba backs USD2.5b AI startup in second major 2024 deal Edge

Debt

• WCT Holdings’ ratings lowered from AA- to A+ MARC

• Greenwashing a growing concern for ESG investments NST Star

• Sukuk remains a significant financing option in Malaysia NST

• Malaysia had 68 SRI funds worth RM7.7b as at 31 Dec 2023 Edge

• US junk bond maturity wall not as high as feared Star

• MicroStrategy plans USD600m convertible notes to buy more bitcoins Edge

• Country Garden lenders hire advisers for debt revamp Edge

• Developer China Vanke assures it can repay USD630m bond Edge

• China plans USD139b special ultra-long debt for economy Edge

Mergers and acquisitions

• Berjaya’s unit sale to Naza nearing close Star

• Australia’s ANZ selling 9% stake in AmBank NST Star Edge

• Bayer CEO says he will not break up the company for now NST Edge

• Temasek shortlists Aramco and Shell in sale of Pavilion Energy Edge

Projects and business

• Fajarbaru wins RM121m Johor golf course project NST Star Edge

• Bursa to launch soy oil futures NST Star Edge

• IWH and PLS to develop Johor innovation hub NST Star Edge

• Gentari appoints Solarvest for solar at Petronas stations NST Star Edge

• Masimo opens flagship medical device plant NST Star

• Crest Builder wins RM448.5m contract from Sunway NST Star

• CIMB Islamic and Petronas sign commodity derivatives Star Edge

• Furniture maker Actiforce to set up RM50m Penang manufacturing plant Edge

• Berjaya Land confident of another Japan project Star

• Toyota confirms USD2b investment in Brazil by 2030 Edge

Economy and market news

• Short-term interbank rates close steady on BNM operations Mail

• China’s economic woes not over despite optimistic growth goal Mail

• China to transform economy and hit 5% growth Mail Star Edge

• Asian traders give bitcoin blast-off Star

Legal and policies

• WTO backs EU in deforestation case against Malaysia Edge

• AMD hits US roadblock in selling AI chip tailored for China Mail Edge

• Nintendo wins battle against piracy software company Mail

• France mulls penalties to rein in ultra-fast fashion brands Mail

• Germany’s gas tariff puts EU energy solidarity at risk Mail

• Vietnam’s legal framework for crypto assets to be finalised next year Star

• EU set to allow possible retroactive tariffs for Chinese EVs Edge