Capital markets news | Fri 29 Mar 2024
Equity
- Topmix takes orders for IPO to raise RM26m Edge NST Star
- SBH Marine’s IPO oversubscribed 27.66 times Edge Mail Star
- Zantat debuts on ACE Market closing with 50% premium Edge NST Star
- Destini plans 10-to-one share consolidation Edge
- Sarawak Consolidated shareholders approve capitalising debt NST Star
- S P Setia to continue cutting debt, preparing for potential REIT Edge
- Greater IPO appetite on ACE Market Star
- JPMorgan says stocks are so crowded they may crack at any time Edge
- Global IPO revival lags first quarter share sales as markets rally Edge Mail
- Britain’s Thames Water sees financial crisis worsen Mail
- Tokyo banks poised to step up cuts to USD65b stock hoard Star
Debt
- HSBC launches Asean Growth Fund Edge NST
- microLEAP posts 100% rise in financing disbursement in 2023 Edge
- UBS sells USD8b loans to Apollo in revised SPG deal Edge
- Swedish property group SBB has rating cut to selective default Edge
- Global funds cool off on emerging market Asian bonds as hedging costs rise Star
- South Korea fails to join FTSE Russell’s global bond index Star
- Canadian banks get ultra-long loans under control Star
- Miami project bond deal risky Star
- Mexican billionaire Salinas’ telecom bonds soar on exchange deal Star
Mergers and acquisitions
- KNM sells Italian unit for EUR16.5m, mostly deferred Edge NST Mail Star
- Holiday Inn Express Hotel KL up for sale Edge NST
- Knusford in RM28m land disposal Star
- Osim billionaire on the hunt for new businesses Star
- Video game giant Embracer sells Borderlands maker to Take-Two Mail
- Global M&As pick up in first quarter after flurry of large deals Star
- Phillips 66 eyes sale of pipeline stake worth USD1b Star
Projects and business
- Eduspec wins RM30m 5G hardware testing job from EG Industries Edge Star
- Iskandar Investment partners Cenergi SEA on renewable energy Edge NST Mail Star
- GLICs not investing in Thailand’s land bridge project Edge
- Axis REIT to continue asset enhancement initiatives NST
- Velesto’s jack-up rig utilisation in 1H2024 to cross 90% NST
- Airscream to invest RM100m in Malaysia NST
- Box-Pack in RM34m Vietnam deal Star
- Bain eyes new backers for China data centre firm Chindata Edge
- Oil giants plan to bury massive amounts of CO2 in Southeast Asia Edge
- China’s ICBC to support stabilisation of property market Edge Star
- Citi lays off 10 research staff in Apac as part of global revamp Edge
- Tsingshan plans Indonesian battery plant Edge
- China’s BYD slows down plans for EV factory in Vietnam Mail
- Two bids submitted for site in Jurong Lake District Star
Economy and market news
- Malaysia a top Asia Pacific choice for offshoring, driving office demand Edge
- CCUS Malaysia Conference 2023 to align hub with NETR and NIMP NST
- KL20 Summit 2024 to propel Malaysia as hub for start-ups, VCs Mail
- Higher global vegetable oil supply to drag CPO prices lower in Q2 Mail
- Short-term interbank rates close steady on BNM operations Mail
- Malaysia-India groups sign MoU on startups Mail
- Malaysia’s producer price index increases 0.3% in Feb Star
- UK stands to lose eight million jobs from AI Edge
- BOE says commercial real estate poses risk to stability Edge
- LG to invest USD74.4b in South Korea in the next 5 years Edge
- Japan to invest USD33b to launch next-gen passenger aircraft by 2035 NST
- Netherlands to invest EUR2.5b to keep ASML from relocating Mail
- Yellen to warn China of industrial oversupply risks Mail
- US Fed official says fewer rate cuts appropriate Mail
- German economy to nearly flatline this year Mail
- More Gen Z and boomers in Singapore buying into crypto Star
- Australia to invest in domestic solar panel push to counter imports Star
- Dubai’s glitz starts to dim for Russians Star
- Singapore Feb factory output beats forecasts Star
Legal and policies
- Enforcement of Companies Act (Amendment) 2024 from 1 Apr Edge
- Meridian will miss deadline to release 2023 annual report NST
- China’s Country Garden hires Kroll to carry out liquidation analysis Edge NST
- Country Garden to suspend HK stock listing Mail
- KuCoin used for USD9b in suspect crypto trades Edge
- Russian oil firms struggle to collect payments from China, UAE, Turkey banks Edge
- Sanctions depress profits for China’s top chipmaker SMIC Mail
- UK court decides USD10b jet dispute to be heard in London, not Moscow Mail
- Samsung Pay to stop working with Russia’s Mir payment system from 3 Apr Mail
- US flags data gap as banks deploy AI in fraud prevention Mail
