Capital markets news | Fri 28 Jun 2024
Equity
- ACE Market-bound EPB sets 56 sen IPO price Edge NST Star
- Johor Plantations IPO oversubscribed 2.18 times Edge Star
- Kenanga overweights banking sector on steady growth, resilience Edge
- Temasek co-leads USD65m for plastic-eating enzyme creator Samsara Eco Edge
- Singapore needs reforms to revive its REIT sector Star
- Asia to emerge as equity deals hot spot as India activity surges Edge Star
- Indian regulator mulls relaxing disclosure rules for listed firms Star
- South Korea’s Shift Up may price IPO at top end Star
- Canada’s largest pension fund souring on emerging markets Star
- UK human rights group launches campaign to stop Shein’s IPO Edge
- SoftBank to back AI start-up Perplexity at USD3b valuation Edge
- BlackRock muscles into private assets market for wealth clients Edge
- SpaceX tender offer to value company at USD210b Edge
- Naver-backed Webtoon likely to price IPO at top of range Edge
Debt
- AC First Genesis’ asset-backed sukuk ijarah ratings affirmed RAM
- YNH’s rating downgraded to BB MARC Edge Star
- S&P affirms Malaysia’s A- sovereign credit rating Star
- Fitch maintains Malaysia’s sovereign credit rating at BBB+ Edge Mail NST Star
- Malaysian banks uphold conservative targets Star
- Philippine central bank keeps policy rate steady at 6.50% Star
- New World courts creditors with asset sale, bond redemption plan Edge
- China’s finance elite face USD400k pay cap, bonus clawbacks Edge
- Asian issuers sell billion of bonds in busiest week of year Edge
Mergers and acquisitions
- Velocity sells 85% of subsidiary to MMAG for RM20m Edge
- YNH extends conditional period for 163 Retail Park sale Edge
- Voultier completes acquisition of 51% of EA Technique Edge NST
- Axiata completes acquisition of India’s Airtel Lanka Edge
- AirAsia Consulting one of final bidders for SriLankan Airlines NST
- Asia M&A fees drop to 11-year low amid slow-cooked deals Star
- Gaw Capital seeks to buy HK building stakes from partner Star
- UltraTech set to acquire 23% in India Cements Star
- L&G to sell Glencore stake over coal production Star
Projects and business
- MyEG activates blockchain cross-border trade facilitation services Edge
- Gemas-JB double track project 97% complete Edge NST
- Petronas awards NBE Cluster PSC to Vestigo Edge NST Star
- Lynas earmarks AUD25m capex for Malaysia expansion Edge Mail NST Star
- Chinese EV companies dominate Russian market Edge
- Chinese-owned chipmaker Nexperia invests USD200m in Europe Edge Star
- London Metal Exchange to set up warehouse in Hong Kong Edge Star
Economy and market news
- Talent crunch addressed with German TVET, RM1.2b NSS funding Mail
- Malaysia’s producer price index rises 1.4% in May Mail Star
- HLIB expects Malaysia’s economic growth to pick up in 2H2024 Mail Star
- Malaysia to exceed 25.5% digital GDP target by 2025 NST
- China’s 15-18 Jul Third Plenum to move economy away from state funding Mail
- China’s industrial profits grew 0.7% in May amid patchy recovery NST Star
- IMF slightly downgrades US economic forecast for 2024 Mail
- US crude oil stock rise signals weakening demand Star
- Global carbon removal market could reach USD100b per year Edge
- Software to be driving force behind innovations in every field NST
Legal and policies
- TM, MYTV settle 2-year arbitration dispute Edge
- Singapore tribunal orders Rajawali to buy back Eagle High from Felda Edge
- MPOC uncertain about compliance with EU deforestation regulation Edge
- Builder Sino-Ocean gets wind-up petition in Hong Kong Edge
- China hopes for EV tariff deal with EU that suits both sides Edge
- Western tariffs a challenge for China’s battery giant CATL Mail
