Capital markets news | Tue 28 May 2024
Equity
- YTL Power, Ranhill suspended today pending announcement Edge
- Total Dynamic rises 37.5% on LEAP Market debut Edge Star
- EPB gets Bursa approval for ACE Market IPO Edge Star
- Cropmate files for ACE Market IPO Edge NST
- Foreign buying of Malaysian equities fell 46% to RM474m Edge NST Star
- Sime Darby-Logos raise RM1b for industrial development fund NST Star
- Adani Energy gets board approval to raise up to USD1.5b Edge
- Vedanta mulling USD1b share sale as soon as Jun Edge
- Chinese stock has room for rally due to funds’ underweight stance Edge
- Elon Musk’s xAI valued at USD24b after fresh funding Edge Mail
- France looks to elusive EU capital market to fix start-up funding Edge
Debt
- Gas Malaysia’s AAA and MARC-1 ratings affirmed MARC
- Ranhill Sabah Energy II’s AAA(bg) rating affirmed MARC
- BNM allows MDBs to issue MYR sukuk, provide MYR financing Edge Mail Star
- Australia’s Colonial First State with USD100b invests in private credit Edge
- Troubled Swedish landlord SBB chips away at USD5.6b debt pile Edge
- More Chinese tech firms issue convertible bonds to raise cash Edge
- Asset scarcity in China curbs central bank’s bond trading ambitions NST
Mergers and acquisitions
- Japan’s NTT buys 58.73% of GHL Systems for RM724m, triggers MGO Edge Star
- KIP REIT to acquire DPulze Shopping Centre for RM320m Edge Star
- Hubline hired banks, advisers to value Ekuinas’ Orkim Edge
- Work on Phase 2 of Malaysian DFI mergers have kicked off Edge
- Kuok Group buys back JBCS it sold in 2004 to Singapore’s GIC Edge
- Creador buys 40% of CCK subsidiary Star
- Star to focus on M&As and media Star
- Evergrande’s EV unit surges as potential buyer found Edge
- Great Eastern’s holders seek better offer from OCBC Edge
Projects and business
- Pesona Metro gets RM411m Bukit Jalil apartment construction Edge Star
- Inta Bina wins RM199m Ara Damansara construction contract Edge Star
- Kimlun bags RM143m Johor Bahru construction contract Edge Star
- MGB wins RM189m Kuala Selangor property development project Edge NST
- AMMB to speed up loan growth to 4-5% in FY2025 Edge Mail
- EPIC partners Altus to promote Kemaman Port Edge Mail
- UEM Sunrise applies to develop 2nd project in Australia Edge Star
- TNB projects higher incentive-based regulation allocation for 4th period Edge
- Meta Bright, ChemPartner to develop pharmaceutical, biotech hub Edge
- Powerwell bags RM57.6m job to install data centre equipment Edge NST Star
- Kerjaya Prospek bags RM568m Penang reclamation and dredging Edge Mail NST Star
- Amazon in talks with Italy to invest billions of euros in cloud plan Edge
- Saudi’s PIF launches new group to boost space industry Mail
Economy and market news
- BNM says leading indicators suggest continued economic growth Edge
- SC’s 1st cohort of investED graduated yesterday Star
- China creates USD47.5b chip fund to back nation’s firms Edge Mail NST Star
- China’s leaders say financial risks are linked to people’s asset security Mail
- China’s industrial profits swing back to growth in Apr Star
- Shanghai lowers home downpayments, eases buying curbs Mail
- Euro zone bond yields down ahead of key economic data Mail
- German business morale stagnates, denting recovery hopes Mail
- Goldman Sachs expects oil demand to keep growing until 2034 Edge
- AVPN launches USD15m AI fund to train Asia Pacific workers Edge
Legal and policies
- Bursa fines ex-AIM ED RM500k for breaching listing rules Edge Mail Star
- Ops Power by MACC, TNB against bitcoin mining saved RM2b Edge NST
- IRB to refund RM286m taxes for transfer of technical know-how NST
- Unclear if Malaysian SMEs can comply with EU’s carbon reporting Star
- Indonesia probing Shopee, Lazada over competition rule breaches Edge Mail
- China slams G7 for hyping overcapacity as trade tensions soar Edge
