Capital markets news | Fri 5 Apr 2024
Equity
- Sanitary ware provider Sorento Capital eyes ACE Market listing Edge
- 3Ren files for ACE Market IPO Edge
- Limited upside for REITs on stiff retail competition Star
- US IPO engine looks ready to speed ahead in 2Q Edge
- Foreign funds sold most Japanese stocks, futures in 6 months Edge
Debt
- KLCC Property’s sukuk programme assigned AAA rating RAM
- Genting Plantations’ RM2b sukuk assigned AA2(s) rating RAM
- Al Dzahab Assets fully redeemed Tranche 3 sukuk RAM
- Proton unit obtains RM200m financing from CIMB Bank Edge NST Mail
- Nomura to grow US credit portfolio to USD50b in 5-10 years Edge NST
- Rakuten boosts junk bond sale to USD2b with juicy yield Edge
- Singapore’s region-lagging bonds face little near-term relief Edge
- NYC pension plans reach deal with RBC to publish green-funding ratio Star
Mergers and acquisitions
- Axiata’s edotco to sell Myanmar tower business for RM713m Edge Star
- Crescendo sells Johor land to Microsoft Payments for RM132.47m Edge Star
- Yoong Onn on good footing with acquisition, rising demand Star
- Laurentian Bank to sell USD1.5b in wealth-management assets Edge
- Google parent Alphabet weighs offer for HubSpot Edge
- Vodafone-Three merger to undergo in-depth probe by antitrust watchdog Edge
- Paramount to enter into exclusive merger talks with Skydance Edge
- Exxon-Chevron fight will reshape Big Oil Star
Projects and business
- MN Holdings secures RM26m solar plant substation job from Samaiden Edge NST Star
- Huawei tests brute-force method for making more advanced chips Edge
- China’s Chery to set up USD800m automobile factory in Vietnam Edge
- Nvidia and Indosat plan USD200m AI centre Edge
- SK Hynix plans to spend USD4b on first US chip plant Edge
Economy and market news
- Short-term interbank rates close steady on BNM operations Mail
- Saudi Crown Prince’s USD100b foreign investment quest falters Star
- Indonesia’s 2024 fiscal deficit will not exceed 2.8% of GDP Mail
- UK on track to exit recession despite slower services growth NST Star
- Global air cargo demand up 11.9% in Feb Star
- Opec+ gets oil price to its sweet spot, the trick is keeping it there Star
Legal and policies
- Singapore licenses crypto market maker GSR in rare step for industry Edge Star
- Google files racketeering suits over alleged crypto-app scams Edge
- US to press Dutch to curb ASML’s work servicing tools for China Edge
- New Zealand removes barriers on foreign building products to cut prices Edge
- Business bankruptcies jump as wave of failure speeds up Star
