Capital markets news | Wed 30 Oct 2024
Equity and property markets
- OB ends maiden trading day on ACE Market with 4.17% gain Edge NST Star
- Mercury values Main Market-bound Life Water at 74 sen Edge
- TopVision ACE Market transfer underwritten by Hong Leong IB Edge NST Star
- Winstar gets Bursa’s nod for ACE Market listing by year end Edge NST Star
- ACE Market-listed Southern Score plans Main Market transfer Edge
- Boeing raises USD21b in capital hike to boost liquidity Edge NST
- AI start up Sierra Technologies raised USD175m at USD4.5b value Edge
Debt and money markets
- Master criteria for group support and government-linked entities RAM
- Exsim’s Tranche 6 green sukuk assigned preliminary AA3 rating RAM
- Southern Power’s AA- rating affirmed MARC
- Bina Puri unit’s RM73m MBSB financing facility fully disbursed Edge Star
- SME Bank targets RM11b sustainable, green financing by 2030 NST Star
- Hong Leong Bank commits RM20b to support green projects Star
- Salcon exits moneylending business Edge
- Singapore’s junk-rated GLP aborts bond issuance Edge
- China’s Sino-Ocean to issue USD4b convertible bonds to creditors Edge
- Indian lenders face rising defaults from over-leveraged retail borrowers Edge
- Blackstone raises USD22b in new direct lending fund Edge
- Private-jet boom comes to muni market with high-yield bond deal Star
- Colombia sells USD3.6b in global bond market return Edge
Mergers and acquisitions
- Yong Tai, Southern Envoy extend Courtyard by Mariott Melaka deal NST
- Revenue sells Kepong land for RM27m Star
- Singapore’s Green Esteel closer to controlling Southern Steel Edge
- GSK inks lupus deal with Chinese biotech for USD850m Edge
- Germany seeks another adviser for Commerzbank stake Edge
- South Africa tribunal blocks USD745m Vodacom fibre deal Edge
Malaysian projects and business
- Johor Plantations unveils 10-year roadmap for business Edge
- Binasat bags RM46m power substation job in Genting Klang Edge Star
- Oiltek’s Malaysian unit wins RM45.5m Latin American contract Edge
- Govt studying how TNB can drive Asean power grid initiative Edge Star
- Kitacon gets RM131.9m residential buildings job from Tropicana Edge NST Star
- Sunway REIT awards RM255m Sunway Pier contract to Awangsa NST Star
- Datasonic gets RM22m JPJ licence contract Star
Malaysian economy and market news
- Data centre players pour in investments NST
- Data centre energy demand is expected to grow by 11,000MW Edge
- Malaysia’s Sep export prices down 0.6%, import prices down 1.9% Mail
- AI keeps driving Malaysian manufacturing sector’s revolution NST
- High expectations for public-sector reforms Star
- Malaysia to drive Asean FTA upgrades Star
Foreign projects and business
- Sritex appeals bankruptcy as Indonesia vows to save 50k jobs Edge
- China’s CMOC produced 84,722 tonnes of cobalt at its Africa mines Edge
- Intel unveils additional USD300m investment in China Star
- Apple ships USD6b iPhones from India in 6 months Edge Star
- Nvidia-backed AI firm Iambic unveils drug discovery breakthrough Edge
Foreign economy and market news
- Singapore’s employment growth more than doubles in 3Q Star
- Indonesia targets additional liquefied petroleum gas output Edge
- Thai exports to US jump amid overall growth Star
- Vietnam, UAE sign comprehensive economic partnership agreement Star
- China’s private tutoring sector quietly revives after 2021 crackdown Mail
- China policies target risks in banking sector Star
- Hong Kong home prices decline for 5th month in Sep Star
- BOK sees softer economic growth of 2.2% this year Star
- Australia’s low grade iron ore risks losing out to green iron Edge
- Wall Street CEOs bullish on US economy, concerned about Europe Edge
- UK’s Reeves touts NHS funding as upside for voters Star
- Workers launch strikes as Germany frets over industrial future Edge
- German car industry transformation could cost 186k jobs by 2035 Edge
- German consumer sentiment on steady path to recovery in Nov Edge
- Italy shifts EUR4.6b earmarked for auto sector to defence Edge
- SoftBank’s Son says artificial super intelligence to exist by 2035 Edge
- Global EV demand plateaus Edge
- BIS debates ending mBridge project Star
Legal and policies
- Govt launches Water Sector Transformation 2040 Edge
- MACC probes RM1.8b paddy fertiliser cartel Edge
- Govt conditions Duta Enclave land handover on GLC collaboration Edge
- Techna-X unable to submit annual report, faces trading suspension Edge
- Smile-Link seeks trading suspension over outstanding audit fee Edge
- Budget 2025’s 2% dividend tax applies to listed and private firms Edge Star
- Biden finalises curbs on US investment in Chinese chip, AI tech Edge Mail
- How US tax breaks brought a Chinese solar energy giant to Ohio Edge
- German lenders sue regulator Bafin to demand EUR2.3b bank levy Edge
- EU presses ahead with tariffs on China EVs, risking retaliation Edge
