Capital markets news | Mon 29 Apr 2024
Equity
- Mercury values ACE Market-bound Sin-Kung Logistics at 14 sen Edge
- AirAsia Group to be listed on Bursa in Sep NST
- EPF emerges as 2nd largest shareholder of Sam Engineering Edge
- RHB Islamic achieves RM3.3b wealth management funds at end 2023 NST
- Temasek-BlackRock JV raises USD1.4b for inaugural fund Edge
- CVC Capital, backers raise EUR2b in Amsterdam listing Edge
Debt
- UniTapah’s AAA issue rating affirmed RAM
- YNH remedied technical default involving sukuk programme Edge NST Star
- Maybank gets summary judgement against ACE for RM46m loan default Edge
- Sentoria gets shareholders’ approval for bond issuance to revive ops NST
- Islamic Development Bank approves 4 projects worth USD418m Mail
- Rating agencies doubt France’s target to cut massive debt Mail
- Barclays zeroes in on missing middle in transition financing Star
Mergers and acquisitions
- KUB extends deadline for CCB MGO for 2nd time Edge
- Mohan Swami, partner buy 58% of Turiya for RM52.86m from MAA Edge NST Star
- US regulators sell Republic First to Fulton Bank Edge
- Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky Edge Mail
- Anglo American rejects BHP’s USD39b takeover proposal Edge Mail
- Activist Elliott builds USD1b Anglo American stake Star
- ByteDance has no plans to sell TikTok after US ban Mail
- South Korea to consult Naver to divest stake Star
Projects and business
- Worldwide in pact with Abu Dhabi’s Masdar for 1GW Selangor RE projects NST
- Chinese semiconductor firms to invest USD100m in Penang Edge Mail
- Gadang wins RM280m Cyberjaya data centre job from TM Edge Star
- Malaysia the next market for Geely’s methanol vehicle Edge Mail NST
- Microlink gets RM56.45m contract from Bank Islam Brunei Edge Star
- D&O optimistic of revenue growth, plans new RM200m facility Edge
- Sarawak Oil Palms supplied 179k tonnes palm methyl ester to Petronas, Shell Mail
- SEDC to supply hydrogen for Kuching autonomous rapid transit system Mail
- Majuperak and Japan’s Shizen Energy explore Perak RE opportunities NST Star
- Dubai ruler approves new USD35b airport terminal Edge Mail
Economy and market news
- Malaysia’s export prices up 1.7%, import up 0.1% in Mar Mail
- Malaysia’s producer price index up 1.6% in Mar Mail Star
- Global legal tech market will hit USD50b by 2027 Edge
- Copper hits USD10k as bulls predict mines will not cope with demand Edge Mail
- Fed repricing gives rise to new equities playbook in Asia Edge
- US Fed to meet amid dwindling hopes of summer rate cuts Mail NST
- Lending and consumer data cements case for ECB rate cuts Mail
- Japan’s yen hits 34-year low after BOJ holds interest rates Mail
- Foreign automakers eager for China partners Star
Legal and policies
- CCM orders East West One Group’s trustee to freeze accounts Edge Mail NST
- Occupational safety and health amendment in force on 1 Jun Edge
- KNM seeks fresh scheme of arrangement with creditors Edge
- Wiradani files winding-up petition against SPNB for RM10.79m settlement Edge
- Trade and ESG measures must be fair to developing countries Mail
- Bank of Singapore fires workers over misuse of medical claims Edge
- HSBC wins GBP1.3b suit over Disney film finance scandal Edge
- EU hits fast-fashion giant Shein with new digital rules Edge Mail
- Russia extends mandatory FX conversion for major exporters Mail
- WTO countries to reboot dispute reform negotiations Mail
- China passes tariff law as tensions with trading partners simmer Mail
