Capital markets news | Wed 13 Nov 2024


Equity and property markets

  • Winstar ACE Market IPO underwritten by TA Edge Star
  • Hartanah Kenyalang seeks ACE Market IPO Star
  • Durian planter DSR Taiko mulls transfer to ACE Market Edge NST
  • Malaysia’s IPO surge reflects investor confidence in local bourse NST Star
  • Jati Tinggi plans private placement to fund new projects Edge
  • MCE plans private placement to raise RM26.5m Edge
  • Tiong Nam declares 1-for-40 treasury shares dividend Edge NST Star
  • Indonesia’s Adaro eyes USD291m from IPO to spin off coal miner Edge
  • Indonesia-only VC raises smaller fund as start-up industry wilts Edge
  • Bankers see deal drought in Asia easing as Hong Kong IPOs pick up Edge
  • Korea Zinc still reviewing USD1.8b share sale plan Edge
  • South Korea’s corporate value-up programme results disappoint Star
  • US-based Acumen to invest USD1.5b in agricultural startups Star

Debt and money markets

  • Khazanah’s funding conduits AAA(s) sukuk ratings affirmed RAM
  • MUFG Malaysia’s sukuk rating, MUFG financial institution ratings withdrawn RAM
  • STM Lottery’s MTN programme AA- rating affirmed MARC
  • BlackRock targets money market fund in new ETF push Star

Digital assets market

  • Bitcoin nears USD90k as crypto exceeds covid-era peak Edge NST Star
  • Digital asset exchange Coinut launches Wrapped Litecoin Mail
  • Bitcoin Fog mixer gets 12½ years for money laundering Star

Mergers and acquisitions

  • Sapura Energy accepts creditors’ terms on SapuraOMV disposal Edge
  • Atlan to file objection against RM70m compensation for land Edge Star
  • Maybank considering buying Ageas’ stake in Etiqa Edge Star
  • CapitaLand sells 21 Collyer Quay for SGD688m Edge

Malaysian projects and business

  • Carimin bags Pan Malaysia services job from KPOC Edge Star
  • T7 Global gets pan-Malaysia contract from IPC Malaysia Edge NST Star
  • Paragon to undertake RM733m GDV residential project in Johor Edge Star
  • Fajarbaru explains pull out from RM192m Putrajaya housing project Edge
  • Solarvest associate approved to operate as Neda merchant generator Edge Star
  • Clarity on TNB’s floating solar project, hydropower station rehab Star
  • Dexcom opens RM2.83b Penang manufacturing facility Edge Mail NST Star
  • Delivery platform Lalamove announces ride-hailing service Mail
  • Capital A’s MRO certified by Vietnam civil aviation authority Star
  • EPF dividend likely to top 6% Star

Malaysian economy and market news

  • 12 Egyptian companies interested in investing in Malaysia Edge Star
  • No forced asset sale for GLCs, GLICs to repatriate foreign income Edge
  • Expanded SST could add RM5b to govt revenue in 2025 Edge Star
  • Volatile capital flows expected with Trump presidency Edge

Foreign projects and business

  • Thai Airways adds to criticism of Rolls-Royce over engine delays Edge
  • Thai telecom carrier strikes USD560m English Premier League deal Edge
  • VinFast tycoon to inject USD2b into struggling EV maker Edge Mail
  • AstraZeneca to invest USD3.5b in US as cancer drug sales rise Edge
  • Infineon forecast sales decline as car chip demand struggles Edge

Foreign economy and market news

  • Singapore fintech market likely to double in size to USD10b Star
  • Baht lags behind peers on concerns over central bank autonomy Edge
  • A dark side to Indonesia’s digital finance revolution Star
  • China invested more than USD15b in over 900 Laos projects Star
  • Alibaba, JD tout singles day highs Edge Star
  • China businesses invest USD139b in R&D annually Star
  • Saudi Arabia kicks off carbon trading to unlock financing Edge
  • Australian Oct 2024 business sentiment highest in 2 years Edge Star
  • Exxon CEO pushes back on Trump’s anti-climate agenda Edge
  • UK business closures surge after budget hit to employers Edge
  • AI firms seek new methods to train models Mail
  • Leaders of major polluters missing from COP29 NST

Legal and policies

  • Seremban Engineering hit with RM25m Bandar Enstek counterclaim Edge
  • Merger control bill to be tabled next parliamentary session Edge
  • 3 critical areas of improvement needed for PLCs Edge
  • Court orders AirAsia to pay RM268,620 to former pilot Mail
  • Vietnam orders social media companies to provide user identities Edge
  • Boeing reaches settlement to avert Ethiopian Airlines crash civil trial Mail
  • Apple told by EU to end geo-blocking on App Store Edge
  • Shell overturns Dutch court order to slash emissions faster Edge

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