Capital markets news | Thu 4 Apr 2024
Equity
- SC approves UMediC’s proposed Main Market transfer Edge
- JAG’s stake in KUB up to 62.72% following conclusion of MGO Edge Mail Star
- MDC delays IPO plan amid digitalisation challenges Edge NST Star
- Kawan Renergy inks underwriting agreement for ACE Market IPO in 2Q Edge Star
- TA Securities values ACE Market-bound Topmix at 36 sen Edge Star
- Public values Keyfield at P-E multiple of 15 times NST Star
- Beijing pushed Syngenta to withdraw USD9b Shanghai IPO Edge
Debt
- BHIC receives RM49.7m from write-off of RM384.43m Lunas debt Edge Mail Star
- Kobay gets RM21m banking facilities for acquisition, working capital Edge
- AEON BiG secures RM150m Islamic financing from HSBC Amanah Edge NST
- Loans grew 5.8% in Feb despite softer loan indicators NST
- Strategies for effective bank pricing Star
Mergers and acquisitions
- Regulator extends approval deadline for SQM-Hancock’s AUD1.7b Azure bid NST
- US Steel union rejects Nippon Steel’s appeal for takeover support Edge
- HSBC chairman says Asian business spin-off ‘will not happen’ Edge
- Yahoo acquires Instagram co-founders’ AI news platform Artifact Edge
- HSBC explores sale of some German units in streamlining Edge
- Singtel shares drop following news that Optus sale is off Edge NST Star
- CMA CGM buys 10% of Volvo-Renault EV joint venture NST
- German family businesses desperately seeking buyers Mail
- Investors hope GE spinoff will defy poor track record of breakups Star
Projects and business
- MN Holdings wins RM17.6m Pasir Gudang power station job Edge Star
- Kitacon secures RM81m housing job in Shah Alam Edge NST Star
- SME Bank and JPDC to jointly promote growth in Johor Star
- MYEG unit obtains renewal of moneylender’s licence Star
- JPMorgan creating a marketing agency built on purchase data Edge
- Amazon is cutting hundreds of jobs in cloud computing division Edge
- World-beating manager takes over USD495b CalPERS fund Edge
Economy and market news
- Malaysia’s semicon industry shielded from TSMC production halt Edge
- CPO futures extend bullish run amid rising oil prices Edge
- Malaysia 2nd most popular SEA country for China residential buyers Edge Mail
- Global semicon sales jumped 16.3% y-o-y to USD46.2b in Feb Edge
- AI to impact up to 40% of jobs worldwide Edge
- Japan’s service activity growth fastest in 7 months as demand picks up NST
- Fed’s Powell says cutting rates too soon could be quite disruptive Mail
- Oil prices hit fresh 5-month high Mail Star
- EU probes Chinese-owned solar panel firms over subsidies Mail
- MNCs delve deeper into China market Star
- Sabic mulls collaboration to unlock value in China Star
Legal and policies
- Tan Hua Choon claims trial to cheating MOF about bumi equity Edge
- FGV seeks to submit petition to US Customs by end-Jun Star
- Not the right time to impose CGT on disposal of shares Star
- Swiss executive gets no prison in ‘Singapore Solution’ tax scam Edge
- OneCoin legal head gets 4 years in USD4b crypto scam Edge
- US to say Indian refineries help make Russia oil price cap work Edge
