Capital markets news | Thu 4 Jul 2024

Equity

  • Go Hub surges 171% on ACE Market debut Edge NST Star
  • WCT to establish retail REIT, list on Main Market Edge Star
  • Greatech proposes one-for-one bonus issue Edge
  • Sunview’s 30%-owned Winstar files for ACE Market IPO Edge
  • Reservoir Link to complete Founder Energy’s Nasdaq listing by year-end NST
  • South Korea fines Credit Suisse for illegal short selling Edge Star
  • Australia’s largest pension fund shifts to equities on tech boom Edge
  • London PE executives spooked by Labour’s tax plan Edge

Debt

  • Deutsche Malaysia upgraded to AAA RAM
  • SPR Energy’s senior sukuk B1/negative rating affirmed RAM
  • Malaysia govt bonds supply may slow in 2H2024 Edge
  • Billionaire Salim’s unit in talks for USD300m bank loan Edge
  • Japan to issue floating rate notes as BOJ eyes rate hikes Edge

Mergers and acquisitions

  • YLI buys 80% of chemicals supplier Edge Star
  • Naim sells Samarahan land for RM223.38m Edge Star
  • Mah Sing buys Taman Desa land for RM108m Edge Mail NST Star
  • MNOs prohibited from holding equity in both 5G networks Edge

Projects and business

  • CCCC to share ECRL’s operational risks with MRL Edge
  • Siab bags RM176m construction job in Penang Edge Star
  • Minetech wins RM16.1m KL road, drainage contract Edge NST Star
  • Jati Tinggi gets RM20m cable-laying job Star
  • Hyundai, LG Energy open Indonesia’s 1st battery cell plant Edge

Economy and market news

  • Malaysian MSMEs now more bullish on prospects NST Star
  • China leading generative AI patents race Edge
  • China’s services activity growth hits 8-month low Star

Legal and policies

  • South Korea to support small businesses, corporates tax cuts Star
  • EU governments hesitant on Chinese EV tariffs Edge
  • EU targets China’s Temu, Shein with proposed import duty Edge Star
  • Germany blocks sale of gas turbine unit to Chinese shipbuilder Edge

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