Capital markets news | Thu 7 Mar 2024

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Capital markets news | Thu 7 Mar 2024

Equity

  • Zantat to raise RM14m from listing NST Star Edge

  • Prolintas to raise RM445.3m in listing on 25 Mar NST Star Edge

  • Lim Seong Hai proposes public offering of 191m shares Star Edge

  • Semiconductor veteran raises USD200m for IPO-able chip firms Edge

  • Etihad posts 2022, 2023 profits and is readying for possible IPO Mail

Debt

  • Top lead managers honoured at 21st RAM League Awards RAM

  • Bank margins battered in 2023 RAM

  • Cypark defers profit payment of perpetual sukuk NST Star Edge

  • Local Islamic banks to outperform conventional Mail

  • SME Bank approved RM30.6b financing to Bumiputera MSMEs Mail Star Edge

  • Bank Pembangunan gives RM253.5m financing for Cyberjaya data centre Edge

  • Top Glove’s perpetual sukuk rating downgraded from A+ to A MARC Edge

  • PR1MA may struggle to pay RM1.75b sukuk in Oct Edge

  • Auditor General flags Felda’s loan defaults Edge

  • Cagamas issues RM960m bonds and sukuk Edge

  • Adani Group considers offering USD1.2b more bonds Edge

Mergers and acquisitions

  • ANZ sells 16.5% of AmBank for USD444m Mail Star Edge

  • Thriven sells 4 properties in Kulim for RM22m Star

  • Australia’s UniSuper buys Sydney airport site for USD2.5b logistics hub NST

Projects and business

  • SunCon bidding for RM26b of projects, half from MRT3 NST

  • China’s BYD starts constructing Brazil factory Edge

Economy and market news

  • CPO futures to trade RM3.8k-RM4.3k in next 3 months NST Star

  • StanChart expects BNM to keep OPR at 3% Star

  • Shopping complex occupancy rose to 77.4% in 2023, office flat Edge

  • China to step up economic policy adjustments in 2024 Mail

  • Wall Street rises after Powell signals rate cuts this year Mail

  • Company registrations at Abu Dhabi financial centre grew 32% Star

Legal and policies

  • Malaysia wins WTO case against discriminatory EU Act NST Star

  • BNM monitors conversion of export proceeds into ringgit Mail

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