Capital markets news | Thu 11 Jul 2024
Equity
- Sabah-based builder Azam Jaya files for Main Market IPO Edge
- Air fragrance maker Vanzo files for ACE Market IPO Edge NST
- Construction company Wawasan Dengkil files for ACE Market IPO Edge
- Sorento Capital gets nod from Bursa for ACE Market IPO Edge Star
- Haily proposes 1-for-1 bonus issue with free warrants Edge
- QL Resources proposes 1-for-2 bonus issue Edge
- China announces more short-selling curbs to stabilise stocks Edge NST
- Saudi Arabia raises USD12.35b from upsized Aramco share sale Edge Star
- Short sellers made USD10b in 2Q despite S&P 500 rally Edge
Mergers and acquisitions
- PTT Synergy to dispose of 2 factories for RM26m Edge Star
- MUI Properties sells Port Dickson freehold land for RM81m Edge Star
- CapitaLand eyes industrial, logistics properties in Penang, Johor Edge
- Swing & Pillows buys 5 Bukit Bintang hotels NST
- Yokohama in talks for Goodyear’s off-the-road tyre business for USD1b Edge
- Big Oil invests in Adnoc LNG plant in bet on future demand Edge
- PE sets aside 64% of USD400b dry powder for US properties Edge
Projects and business
- LFE Corp secures RM15m sub-contract in Selangor Edge Star
- Annum wins RM53m supply contract for office construction Edge Star
- Econpile gets RM27m earthworks job for Mont Kiara condo project Edge Star
- Belgium’s Melexis opens its largest wafer testing site in Kuching Edge NST
- PwC cutting staff in China after losing dozens of clients Edge
- HSBC’s investment bank consolidates industry coverage groups Edge
Economy and market news
- Palm oil exports to EU to stabilise despite deforestation regulation Edge
- Malaysia’s palm oil stocks hit 4-month high in Jun on weak exports Mail NST Star
- Low impact from GloBE tax rules on Malaysian oil industry Star
- JS-SEZ to be finalised in Sep Star
- Singapore’s US dollar millionaires to grow 10% in next 5 years Edge
- Germany’s top landlord sees more casualties from property crash Edge
- RBNZ holds rates, currency falls on policy stance Star
- Africa iron ore supply threatens USD100 price floor Star
Legal and policies
- Scomi Energy aborts regularisation plan involving Dhaya Maju founder Edge
- SC sues former Naim Indah CEO for alleged insider trading Edge Star
- Court allows removal of liquidators of UEM Genisys, appoints new one Edge
- High Court places Sarawak Cable under interim judicial management NST
- China launches tit-for-tat investigation into EU trade barriers Edge NST
- New US solar duties would raise costs, threaten climate goals Edge
