Capital markets news | Fri 7 Jun 2024
Equity
- Steel Hawk gets Bursa approval for transfer to ACE Market Edge
- TA Securities values ACE Market-bound Agricore at 60 sen Edge
- Aurelius prices private placement at RM3.35 Edge NST
- LEAP still not as popular as ACE Edge
- Revitalising the LEAP market Edge
- Malaysia’s high potential startups revealed at MYStartup demo day NST
- Apollo says private equity is in trouble Edge
- ASML overtakes LVMH as Europe’s second-biggest stock Edge
- Waystar prices IPO at midpoint to raise USD968m Edge
- Aussie pension fund backs gas for energy shift Star
- Richard Li’s FWD revives Hong Kong IPO plan Star
Debt
- MBSB to actively compete for CASA deposits Edge
- Sapura Energy gets until Mar 2025 to restructure debts Edge
- RM150m in funding available for SMEs via mydatahub.ai Edge
- Asset-quality risk receding but remains high in several countries Star
- Robinhood buys cryptocurrency exchange Bitstamp for USD200m Edge
- Singapore builder Oxley seeks USD120m private loan Edge
- Thai banks to announce green products in 3Q Edge
- Europe pulls back as ECB shows caution after 1st cut in 5 years Edge Star
- AB CarVal eyes USD50b opportunity in high-risk property lending Star
Mergers and acquisitions
Projects and business
- Banks’ profitability steady in 1Q, limited upside RAM Edge Mail NST Star
- Nextgreen, SPOIC sign MOU for Sandakan green tech park Edge
- Jati Tinggi JV bags RM26m TNB contract Edge NST Star
- Nestcon bags RM37.7m Selangor construction job Edge Star
- Tasco to invest RM400m more on warehouse over next 2 years Edge
- Tanco, China’s CCCC sign MOU on Port Dickson AI container port Edge
- Over USD23b Indo-Pacific infrastructure projects identified Edge NST Star
- World’s first 18MW offshore wind turbine set up in China Star
- Amazon Web Services to increase investments in China Star
Economy and market news
- JLL anticipates more data centres across Malaysia Edge
- Malaysia’s automotive supply chain costs 30% more than China’s Edge
- Nearly 80% of Malaysians use AI for work, citing exhaustion Edge
- Malaysia ranked 21st destination for work by global talent NST
- Trafigura says copper’s spike isn’t justified by fundamentals Edge
- Yellen to warn of significant risks from use of AI in finance Edge
- Changi Business Park struggles with 40% vacancy Edge
- Semiconductor sales projected USD611.2b in 2024, USD687.4b in 2025 Edge
- Russian central bank chief calls for open economy Mail
- Surge in Chinese ship orders to raise foreign trade NST
Legal and policies
- KPerak wins appeal at COA not to pay Simfoni Maya RM14.5m Edge
- SIDC introduces 3 new competencies on SRI and shariah advisory Edge Mail Star
- UK tech tycoon Lynch cleared of HP fraud charges in US trial Edge
- US regulators to open antitrust inquiries of Microsoft, OpenAI, Nvidia Edge NST
- China says it never uses EV subsidies barred by WTO Mail
