Capital markets news | Wed 4 Dec 2024
Equity
- TMK Chemical’s Main Market IPO oversubscribed 14.28 times Edge Star
- Malton seeks to raise RM19.5m via private placement Edge
- T7 Global plans 1-for-5 bonus issue of warrants Edge
- KPay raises record USD55m in Series A fundraising Mail
- South Korean regulator opposes legal changes sought by stock investors Edge
- Boutique-firm founder shuts his Asia hedge fund to join Millennium Edge
- SpaceX weighing tender offer at USD350b valuation Edge
- Buy Magnificent Seven on corrections Edge
Digital assets
- Grayscale files to convert Solana Trust into ETF Coindesk
- South Korea’s martial law forced bitcoin down Coindesk Cointelegraph
- Is bitcoin price going to crash again? Cointelegraph
- 2025 will be bitcoin’s butterfly moment Yahoo
- Link jumped 29% after positioned as the real bank coin Cointelegraph
M&A and property
- Solarvest buys 30% of waste gas abatement machine maker Edge Star
- Mah Sing buys Johor Bahru land for RM463m GDV project Edge Star
- Radium buys Selangor land for RM45m Star
- Key issues Khazanah-led consortium will have to fix at MAHB Edge
- Exxon weighing sale of USD1b Singapore gas stations Edge
- Trump reiterates opposition to Nippon Steel’s takeover of US Steel Edge
- GM to sell Michigan battery plant stake to LG Star
- BlackRock targets private credit growth with USD12b HPS acquisition Edge
- Total close to EUR2b deal for renewable developer VSB Edge
- Zurich looks to further boost health, travel unit after AIG deal Edge
- Russia approves USD320m sale of Carlsberg assets to locals Edge
Malaysian financial market news
- Malaysia approves RM489.5b in investments Edge
- First-mover advantage for Malaysia in joining BRICS Star
- Malaysia-UK FTA will boost trade and investment Star
- Too soon to tell impact of new US trade curbs on chip industry Star
- Malaysia to monitor Trump tariff threat on BRICS Star
- Diversification key to Malaysia’s business survival Edge Star
- Demand for exports bolsters trade outlook, manufacturing expansion Star
- Crude oil and condensate production totalled 41.8m barrels in 3Q24 Star
- Palm oil rises on Malaysia floods, higher Indonesian export tax NST
- Govt to simplify cross-border approvals for efficient fund flows Edge
- Malaysia lost RM1.22b to cybercrime in 10M2024 Edge
- Cost of living indicator to enhance targeted subsidy Star
- CSC Steel hit by lifting of anti-dumping duties Edge
- 17.5m 5G users in Malaysia Edge
- Malay large language model launched on AWS cloud services Edge
- Salaries of digital talents stabilising at healthy rates NST
- Sarawak leads the way in sustainability RAM
- FashionValet founders to be charged on Thu Edge
Other financial market news
- Singapore’s DBS hires private bankers for rich Russians Edge
- Singapore in race to get ahead of Donald Trump’s proposed tariffs Star
- Indonesia expects USD1b investment commitment from Apple Edge Star
- Jakarta seals trade agreement with Canada Star
- Thai-European FTA to provide massive boost to economy Star
- AWS sees strong growth in Asean cloud services market Edge Star
- Chinese industry bodies say US chips no longer safe Edge
- Many China copper traders stop buying US scrap imports on tariff fears Edge
- China bans export of key minerals to US as trade frictions escalate Star
- Sanofi unveils USD1.1b investment to boost production in China Edge
- South Korea’s President declares martial law, then lifts it Yahoo
- Saudi Arabia bolsters crude oil share in Asia at Russia’s expense Star
- Dubai home prices set to surge again in 2025 Edge
- Biden offers USD7.5b for Samsung SDI-Stellantis hub Edge
- Trump’s SEC Chair pick reluctant to take job Coindesk
- Amazon debuts tools to make data centres less power hungry Edge
- Meta seeks new nuclear reactors to run US data centres Yahoo
- Failed crypto lending platform Celsius founder pleads guilty to fraud Yahoo
- FBI tells telcos to boost security following Chinese hacking Yahoo
- Fed officials keep options open for rate cut Star
- The Fed’s next big policy rethink needs rethinking Star
- EY UK weighs cutting 150 consulting jobs amid softening demand Edge
- Macron asks French lawmakers not to topple govt Yahoo
- ASML not affected by new US crackdown on Chinese chip exports Edge
- Norway wealth fund’s watchdog to probe shoemakers, crypto firms Edge
- Europe faces higher power prices next summer Star
- Oil headed to USD65 in 2025 amid ample supply Yahoo
