Capital markets news | Mon 15 Jul 2024
Equity
- TopVision files for ACE Market IPO, transfer listing from LEAP Edge
- Well Chip’s IPO oversubscribed 12.87 times Edge Star
- Reservoir Link’s Founder Group to list on Nasdaq in 3Q Star
- Nestcon plans RM27m private placement to repay bank borrowings Edge
- EPF owns 8.9% of Johor Plantations Edge
- IDC Capital, MPV Capitals unveil I-Asset Trust trustee scheme NST
- M&A Value Partners launches IPO equity fund Star
- Imminent upswing in Malaysian PE investments Star
- Malaysian retail REITs with malls in good locations the flavour Star
- More firms seeking secondary listings on SGX Star
- Taiwan, India threaten China’s top spot in EM equity portfolios Edge
- Why China is trying to curb short-selling of stocks Edge
- China’s CATL in talks to raise USD1.5b supply chain fund Edge
- London listing to expand capital pool of Hong Kong’s CK Infrastructure Edge
- London’s IPO hopefuls say overhaul of listing rules not enough Edge
- UK fund manager Ashmore reports further outflows in 4Q Edge
- UK emerges as haven from global storms Star
Debt
- Yinson’s senior sukuk A+, perpetual sukuk A- ratings affirmed MARC Edge
- Toyo Ventures’ USD980m equipment financing facility voided Edge
- Sabah Development Bank’s RM5b bad debt recoverable Edge NST
- Agrobank allocates RM200m for Felda settlers’ housing financing NST
- Banks plan EUR6b debt financing for Sanofi consumer sale Edge
Mergers and acquisitions
- Radiant Globaltech to acquire 80% of IT firm Rymnet for RM52.5m Edge
- Redtone buys 7.12% of Theta Edge for RM13.93m Edge Star
- Elis enters Malaysia with acquisition of Wonway Star
- SoftBank buys 2nd UK semiconductor firm after Arm in AI race Edge
- Owners of Germany’s Axel Springer consider splitting media assets Edge
- Brazil’s Suzano buys Pactiv’s mill in Arkansas for USD110m Star
Projects and business
- Tafi bags RM207m contract for Setia Alam apartment, office project Edge Star
- MRL remains ECRL asset owner, OpCo JV with CCCC Edge Mail NST Star
- JAKS, China Power Engineering to bid for 500MW LSS5 Edge
- Adani plans to build Vietnam port to tap trade opportunities Edge
- Adani to invest USD1.2b in new Kerala transshipment terminal Edge
- VinFast delays US electric car plant amid market slowdown Edge
- JPMorgan beats profit estimates with investment banking up 50% Edge
- Citi profit beats on 60% surge in investment banking Edge
- Unilever to cut 1/3 of European office jobs by 2025 Edge
Economy and market news
- More infrastructure projects for the construction sector NST
- Govt agrees to variation of price scheme to help contractors Edge
- Malaysia commits to supplying China with sustainable palm oil Edge
- Buy now, pay later value jumps 84.3% to RM2.3b in 1Q Edge Star
- Public keeps Malaysia’s headline inflation forecast at 3% Edge
- Malaysia’s IPI up 2.4% in May Mail Star
- Johor-Singapore Special Economic Zone will fuel infra boom Mail
- Malaysia poised as key source amid US-China trade tensions Mail
- Carbon tax conundrum Star
- Indonesia offers 95-year land rights in Nusantara Edge
- China’s exports top forecasts, but falling imports point to more stimulus Mail Star
- Japanese firms invest in Asian projects to offload excess LNG Edge
- Mumbai infrastructure to get USD3.5b boost to ease traffic Edge
- India’s Modi departs from privatisation, to overhaul state firms Edge Mail
- US producer prices rise 0.2% in Jun Edge
