Capital markets news | Wed 4 Sep 2024
Equity and property markets
- Affin underwrites component manufacturer Northeast’s ACE Market IPO Edge Star
- Alliance underwrites supplement company OB’s ACE Market IPO Edge Star
- Alliance underwrites sanitary ware maker Sorento’s ACE Market IPO Edge Star
- SCI Ecommerce considering IPO in Singapore Edge
- China’s ETFs experience boom as state funds pile in Star
- Mizuho’s asset manager seeks USD3.4b for Japan’s big-cap fund Edge
- Delivery Hero lines up banks for Talabat’s Dubai listing Edge
Debt and money markets
- Tadau Energy’s SRI sukuk AA3 rating affirmed RAM
- Power Root’s RM500m sukuk assigned AA- rating MARC Edge
- Evyap’s RM500m sukuk programme rating upgraded to AA MARC
- Cypark deferring tranche 1 perps distribution for 2nd time Edge NST Star
- Pelaburan Hartanah’s RM1.5b sukuk oversubscribed 2.2 times Edge NST Star
- Philippines debt hits new high in Jul Star
- India’s new infrastructure lender plans to disburse USD17b Edge
- Saudi wealth fund to tap bond markets for 4th time this year Edge
Mergers and acquisitions
- Industrial rubber hose maker Wellcall buys Ipoh land for RM32m Edge Star
- DC Healthcare aborts aesthetic clinic operator acquisition Edge
- Singapore’s CapitaLand sells ION Orchard to its REIT Edge
- Bain bids USD4.1b for Fuji Soft in rare Japanese M&A fight Edge
- Japanese companies cannot use national security to block takeovers Edge NST
- Harris says US Steel should remain American owned and run Edge
Projects and business
- AWC bags RM19.9m data centre job from Gamuda Edge NST Star
- Solarvest bags 30MW Pahang solar EPCC job worth RM113m Edge NST Star
- Logistic issues drove Malaysia Airlines to breaking point NST
- Backlog of LNG tankers at Bintulu after maintenance work Edge NST
- Intel’s new Penang plant on partial pause Star
- India’s top oil explorer may set up refinery in Uttar Pradesh Edge
- Daikin acquires land in India to expand capacity Star
- Eni, Snam launch Italy’s 1st carbon capture project Edge
Economy and market news
- Approved investments up 18% to RM160b in Jan-Jun Star
- Manufacturing to remain on solid footing Star
- Rubber glove exports poised to hit RM12.4b this year Mail NST Star
- Malaysia, New Zealand, Singapore sign economic cooperation MOU Mail
- BNM operations keep short-term rates unchanged Mail
- BNM has strong reason to maintain OPR Star
- Thai exports likely to go up Star
- New Thai bill calls for more support to develop computer gaming Star
- South Korea’s consumer inflation slows to 41-month low in Aug Star
- Beijing policy talk heats up on mixed manufacturing data Star
- Russia-India trade booming despite Western sanctions Edge
- Data fog leaves NZ central bank flying blind Star
- British shoppers wise up to shrinkflation Star
- Goldman cuts copper forecast by USD5k as bullish bet closed Edge
- Travel industry to contribute record USD11t to global GDP in 2024 NST
