Capital markets news | Mon 13 May 2024
Equity
- Main Market-bound Feytech Holdings IPO oversubscribed 15.6 times Edge Star
- TA values ACE Market-bound Smart Asia Chemical at 54 sen Edge
- Logistics software company Total Dynamic approved for LEAP listing Edge NST Star
- Bursa’s average daily trading value jumps 42% to RM2.9b in 4M2024 Edge Mail
- HLIB offers brokerage fee waiver on Shopee NST
- Singapore-based Mark Investment Group to invest RM41m in Nova MSC Edge
- Tencent-backed Airwallex courts Middle Eastern wealth funds Edge
- China’s Zeekr prices US IPO at top of range to raise USD441m Edge
- Sam Altman-backed nuclear start-up crashes after Wall Street debut Mail
- Startup promises to fix rice farming’s methane problem Star
- Gen Z gives fund managers a run for their money Star
Debt
- SC reviewing credit rating agencies existing framework NST
- Cuscapi says SC approved Worldcoin trading on digital asset exchanges Edge
- Ajiya to loan Chin Hin RM250m for acquisition, expansion Edge
- China’s ICBC to issue USD4.15b total loss-absorbing capacity bonds Edge NST
- China’s Country Garden pays onshore coupons within grace period Edge
- Private credit lender Ares wins Singaporean court ruling on Indonesia debtor Edge
- Singapore’s oil veteran OK Lim convicted of criminal charges Edge
- HK court sides with creditors in closely watched keepwell case Edge
- PIMCO adds bond exposure outside the US on inflation risks NST
- Kenya eyes environment levy, tax on green bonds Star
- A USD600b wall of debt looms Star
- Financiers fret over ‘leverage on leverage’ in private credit Star
Mergers and acquisitions
- Paramount buys 21.5% of Eco World from Quek Leng Chan Edge Mail NST Star
- Chin Hin ups stake in Signature International to 72.18% at close of MGO Edge
- InNature buys Burger & Lobster for RM21.25m from major shareholders Edge Star
- BHIC completes sale of littoral combat ship builder to MoF for RM1 NST
- Sabadell says BBVA’s hostile bid breaks law Edge
- Singapore’s OCBC to privatise Great Eastern with SGD25.60 offer Edge NST Star
- Oracle’s USD28b Cerner acquisition sputters with lost customers Edge
- QatarEnergy buys 40% of 2 Egypt offshore blocks from ExxonMobil Mail
Projects and business
- KL Sentral Station redevelopment project to commence by year end Edge Star
- Daiso invests RM1b in new global distribution centre Star
- Singapore’s GIC bets on Latin American infrastructure companies Edge
- Pfizer, AstraZeneca announce USD1b new investments in France Edge
- KPMG Singapore commit SGD100m for salary adjustments, tech and talent Edge
- UBS weighs bonus for investment bankers who refer rich clients Edge
- Microsoft, Amazon to invest EUR5.2b in French tech Mail
- French Sanofi, US Novavax team up for Covid-flu shot Mail
- South Korea’s Kepco in talks to build UK nuclear plant Star
Economy and market news
- Malaysian labour force rises 0.3% in 1Q2024 Mail
- Malaysia’s Mar manufacturing sales value grows 1.4% to RM158.4b Mail Star
- IPI up 2.4% in Mar on expansion in all sectors NST Star
- BNM to maintain OPR at 3% this year to support domestic growth Mail
- Tech giants starting to treat Southeast Asia like next big thing Edge
- Global chips battle intensifies with USD81b subsidy surge Edge
- South Korea prepares USD7b chip industry support package Edge Mail NST
- China’s car exports hit record high in Apr, domestic sales fall Edge
- EU firms’ appetite for China investment sinks to record low Edge
- Maldives signs agreement with UAE to develop free trade zone Mail
- China consumer prices rise faster in Apr Mail
- US Fed warns of rising commercial real estate delinquency rates Mail
- Yellen urges action to curb US mortgage market risks Mail
- UK economy exits recession ahead of election Mail NST
- US banking giants had significant challenges estimating climate risks Mail
- ECB set scene for Jun rate cut at last meeting NST
- Cooling core inflation offers minimal relief to Fed Star
- Iraq won’t agree to new Opec+ oil production cuts Star
- Renewable fuels take a bite out of US diesel consumption Star
Legal and policies
- BNM fines Habib Jewels for failing to report suspicious transactions Edge NST Star
- Bursa lifts Awantec from affected issuer status after 3 years Edge NST Star
- SC charges Pixelvest, Infinity Trustee and former director over licensing Edge Star
- Submission of technology risk management compliance by 1Q2025 Edge NST
- Perak Corp gets 6-month extension to submit regularisation plan NST Star
- Asean-India trade pact review to be held in Jakarta in Jul Mail
- Biden’s China tariffs salvo to range from doubling to quadruple Edge Mail
- China’s graft watchdog probes 2 former ChemChina officials Edge Star
- Canadian businesses urge government to scrap capital gains tax hike Edge
- US lawmakers unveil bill to make it easier to restrict exports of AI models Edge
