Capital markets news | Tue 29 Oct 2024
Equity and property markets
- Sorento stages muted debut on ACE Market Edge
- Azam Jaya’s IPO oversubscribed 23 times Edge Star
- Carlo Rino’s ACE Market listing transfer underwritten by TA Edge NST Star
- Supreme Consolidated sets IPO price at 25 sen Edge Star
- ICT Zone Asia files draft prospectus for transfer to ACE Market Edge
- Cuckoo to seek RM750m in 2025 Bursa IPO Edge Star
- Khazanah launches Jelawang Capital to boost VC ecosystem Edge NST Star
- Foreign investors net sold RM196.2m equities last week Edge NST Star
- Vietnam’s Vingroup sets up USD150m fund for start-ups Edge
- China’s passive equity assets exceed active ones for 1st time Edge
- Indian shadow bank delays IPO amid RBI lending crackdown Edge
- India’s largest solar panel maker Waaree up 75% in Mumbai debut Star
- Gulf grocer Lulu seeks USD1.43b in IPO Star
- Boeing to issue USD19b stock to shore up finances Edge
- Hedge funds gaining influence in Europe Star
Debt and money markets
- PLUS’ AAA(s) rating affirmed MARC
- WM Senibong’s RM1b sukuk programme assigned AA- final rating MARC
- Amanat Lebuhraya Rakyat’s AAA rating affirmed MARC
- MMC Port’s sukuk AA- rating affirmed MARC
- Meta Bright gets RM43.85m banking facilities from Hong Leong Bank Edge Star
- Maxim gets RM76m facility from Maybank Islamic NST Star
- SC’s framework creates solid foundation for sustainable finance Edge Star
- Lower volatility in Malaysian bond market draws interest Star
- USD50b Saudi debt drive reflects rising financial strain Edge
- Pallas’ AUD500m private credit commercial real estate fund refinanced Star
- As crude fades, Big Oil must borrow to pay investors Edge
Digital assets market
- Hong Kong floats tax breaks for crypto Edge
Mergers and acquisitions
- Pintaras Jaya buys 33 acres Kapar agricultural land for RM22.9m Edge Star
- Khazanah, PNB sold RM47m FashionValet stakes for RM3.1m Edge
- Barakah sells pipe-laying vessel for USD9.7m Edge Star
- Nippon Paint to buy coatings, resins maker AOC for USD2.3b Edge
- Fortress, BlackRock mulling joint bid for German life insurer Viridium Edge
Malaysian projects and business
- Data centre firm GDS draws global suppliers for RM1b investment Edge
- Mah Sing, Bridge add 200MW at Southville City data centre hub Edge NST Star
- Record-low prices expected for LSS5 due to cheap solar panels Edge
- Revival of 5 LRT3 stations now estimated to cost RM5.3b Edge
- AirAsia carried over 45m passengers, 90% load factor Edge Star
- DHL unveils RM300m automated sorting system at KLIA Edge NST Star
- OMS, Dutch firm sign cable-laying vessels construction contract Edge NST Star
- BlackBerry picks Cyberjaya as Asia-Pacific cybersecurity HQ Edge Mail NST Star
- Stellantis to set up regional parts hub in Malaysia NST
- Genting awards RM1.36b contracts for Indonesia FLNG Edge
- Petronas plans significant expansion in Indonesia Star
Malaysian economy and market news
Foreign projects and business
- PetroChina to shut top north China refinery in 2025 Edge
- UAE’s Masdar delays green hydrogen capacity target beyond 2030 Edge
- Brazil’s Embraer eyes Asia Pacific narrowbody commercial jet market NST
- State govt in Brazil approves Atlas’ lithium mining, processing Mail
- VW eyes closure of 3 German factories in cost-cutting push Edge
Foreign economy and market news
- China sets up national data group to spur digital economy Mail
- PBOC activates open market outright reverse repo operations facility Star
- China will step up countercyclical adjustments of macro policies Star
- JPMorgan says AI power demand is straining US water supplies Edge
- UK PM Starmer to embrace harsh financing reality Star
- Germany to cut some solar farms off subsidies on oversupply Edge
- Global economy chiefs fret over Trump return Star
- Capital flows from emerging countries to developed economies Edge
Legal and policies
- Court dismisses creditors’ bid to stay ACE Credit’s meeting on 30 Oct Edge
- Indian pharma firm shipping Nvidia AI chips from Malaysia to Russia Edge
- Policy compliance embedded in cross-border transactions via Mandala NST
- J&J’s USD8.2b talc settlement faces Jan stress test Edge
- Italy hackers targeted data on top business, political leaders Edge
- 7 European countries match US in startup laws Star
