Capital markets news | Tue 20 Aug 2024

Equity and property markets

  • YX Precious Metals to transfer to Main Market on 22 Aug Edge
  • VS Industry shareholders approve 1-to-10 bonus issue of warrants Star
  • Foreign investors net bought RM299.6m equities last week Edge Mail NST Star
  • Hong Kong’s CK Infrastructure sees thin trading in London debut Edge
  • Japan, Tokyo govts target USD4.7b valuation for Tokyo Metro in IPO Edge

Debt and money markets

  • Foreign investors return to Malaysian bonds amid Fed’s dovish shift RAM
  • Malaysia Marine and Heavy Engineering’s sukuk AA- rating affirmed MARC
  • Air Selangor issues RM1.2b SRI sukuk Edge NST Star
  • Catastrophe bond profits raise eyebrows Star

Mergers and acquisitions

  • Property developer EcoFirst buys 4.5-acre Kajang land for RM35m Edge Star
  • Tex Cycle buys lab test company for RM8.4m NST Star
  • Thailand’s Ratanarak takes control of Siam City by buying Jardine’s stake Edge
  • Japan’s 7-Eleven received takeover offer from Canada’s Couche-Tard Edge Mail
  • AMD buys server builder ZT Systems for USD4.9b Edge

Projects and business

  • IJM bags RM561m data centres, industrial facility contracts Edge NST Star
  • Sunmow JV bags RM1.2b Sarawak road construction contract Edge NST Star
  • Kerjaya Prospek gets RM275m Pulau Pinang construction contract Edge NST Star
  • OCK wins 3 data centre contracts worth RM32.5m Star
  • Malaysia Airports passenger movements up 7.3% to 12.4m in Jul Mail NST Star
  • reNikola to invest USD240m on 40 Indonesian biomethane projects Edge Star
  • UK partners with DP World to build 1st deepsea port in Congo Edge

Economy and market news

  • Malaysia aims to draw in RM300b green investments by 2030 Edge Star
  • Malaysia’s trade up 9.8% to record RM1.652t in Jan-Jul Mail Star
  • MITI mulls carbon tax to spur green investments NST
  • JS-SEZ deal expected to be finalised by end-2024 Star
  • Reviewing GLICs’ pledge to invest RM120b in domestic direct investments Star
  • Carbon capture is a win-win opportunity Star
  • China expected to keep loan prime rates unchanged today Star
  • Australia sees AUD3b fall in tax revenue from China slowdown Mail

Legal and policies

  • SC’s guidelines on tech risk management took effect yesterday Star
  • Mudajaya ex-staff given discharge not amounting to acquittal Edge
  • Bankers charged by Singapore were stars of race for China’s rich Edge
  • Singapore bans ex-HSBC banker for 1 year over disclosure breach Edge
  • Chinese court accepts liquidation hearing against Evergrande unit Edge

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