Capital markets news | Mon 6 May 2024
Equity
- ACE Market-bound Farm Price IPO oversubscribed 91.35 times Edge NST Star
- KAF underwrites Ocean Fresh ACE Market IPO Edge Star
- M&A Securities underwrites UUE ACE Market IPO Edge Star
- Melaka eyes more listings on Bursa Edge
- TT Vision plans RM25m private placement for solar energy venture Edge
- XOX proposes RM303m share capital reduction Edge Star
- China’s Zeekr seeks USD5.13b valuation in US IPO Edge Star
- Investors flood into Taiwan ETFs on AI boom Edge
- Spanish beauty group Puig makes market debut Mail
- Hyundai to inject extra funds into Motional Star
Mergers and acquisitions
- BHIC’s stake sale in LCS contractor to MOF turns unconditional Edge
- WTK buys another 15% in Sarawak planter Durafarm for RM28m Edge Star
- Naza completes acquisition of Berjaya Enviro for RM700m cash Edge NST
- EQT to buy tech consultant Perficient in USD3b deal Edge
- HSBC has no plans to dispose of further businesses Edge
- Sony and Apollo submit USD26b Paramount offer Edge Mail
- SVB Financial to sell venture capital business to Pinegrove Edge
Projects and business
- Progress of ECRL project in 4 states reaches 65% Edge
- PetGas gets nod for gas transportation tariff hike Edge
- Loob to expand Tealive into Indonesia by year-end Mail Star
- F&N to allocate RM1.7b capex for Negri Sembilan dairy farm NST Star
- Press Metal begins supply to China firms Star
- Apparel retailer rue21 files for 3rd bankruptcy, will close all stores Edge
- Deutsche Bank unveils wealth targets after hiring push in Asia Edge
Economy and market news
- MSPO certification can fulfil EU Deforestation Regulation demands Mail
- Enhancing accountability in ESG reporting can boost credibility of firms Star
- Kenanga keeps 4.5-5% GDP growth on better Apr PMI Mail
- US Fed official sees inflation cooling but possible risks Mail
- US hiring slows more than expected in sign of cooler market Mail Star
- UK worst-performing economy in G7 next year Mail
- China tech firms aim for huge footprint in vrooming NEV industry Star
- Thai Apr inflation rises slightly, 1st time in 7 months Star
Legal and policies
- Court of Appeal upholds decision against RM14.8m GST from Petronas Edge
- Philippines’ central bank tightens dirty money risk reporting rule Edge
- Air France, Lufthansa part of EU greenwashing probe Edge Mail
- India markets regulator puts 6 Adani companies on notice for violations Edge
- EV automakers get reprieve in US tax credit rules Mail
- Germany says Chinese subsidy discussions should fall under WTO Mail
