Capital markets executive summary | Mon 23 Oct 2023 Sabah state’s SMJ prices maiden RM900m sukuk SMJ Sdn Bhd, wholly-owned by Chief Minister Incorporated of Sabah, priced the sukuk wakalah, which was issued from the company’s RM10b multi-currency sukuk wakalah programme. The sukuk have tenors of 5-15 years and profit rates of 4.23%-4.67% per annum….
Capital markets executive summary | Fri 20 Oct 2023 Global Oriental buys majority interest in car park company The property developer is acquiring 55% of Edisijuta Parking Sdn Bhd (EPSB) for RM27.5m cash from Cahaya Impian Sdn Bhd, which currently holds 70% equity interest. The balance 30% is held by Edisijuta Sdn Bhd. The price…
Capital markets executive summary | Thu 19 Oct 2023 Feytech to list on Main Market The automotive cover and seat manufacturer published a prospectus exposure offering 252.94m shares. The public offer of 143.32m shares consists of 42.16m shares for the Malaysian public, 25.39m shares for directors and employees, and 75.87m shares via private placement to…
Capital markets executive summary | Wed 18 Oct 2023 Minox closes at 48% premium to IPO price The stainless steel sanitary valves, tubes and fittings distributor opened its trading on the ACE Market at 31.5 sen or 26% premium before ending the day at 37 sen, above its initial public offering (IPO) price of 25…
Capital markets executive summary | Tue 17 Oct 2023 99 Speed Mart plans IPO in 2H2024 The convenience store chain started as Pasar Raya Hiap Hoe in 1987 before turning into a mini market called Pasar Mini 99. Founder Lee Thiam Wah owns 96% while his wife Ng Lee Tieng holds 4%. There is no…
Capital markets executive summary | Mon 16 Oct 2023 Drama expected at KNM EGM today The extraordinary general meeting, called by German billionaire Andreas Heeschen, will allow 34,018 shareholders to decide on the fate of the company, which has RM1.1b debt. Heeschen’s group is concerned about the viability of the company’s asset disposal plan including…
Capital markets executive summary | Fri 13 Oct 2023 AirAsia to issue USD400m revenue bonds The budget carrier, part of the Capital A group, is looking for a USD400m (RM1.8b) loan, half of which will be from private credit, to refinance debt. The loan will be in the form of revenue bonds with the source…
Capital markets executive summary | Thu 12 Oct 2023 Hektar REIT proposes private placement to fund investments Hektar Real Estate Investment Trust (REIT) is proposing a private placement of up to 20% of the total number of issued units to 3rd party investors to be identified. From the RM53.64m gross proceeds at 53 sen indicative…
Capital markets executive summary | Wed 11 Oct 2023 Affin Islamic Bank’s RM1b sukuk issuance oversubscribed The wholly-owned subsidiary of Affin Bank Bhd received RM2.9b orders for the RM1b issuance. Demand from institutional investors and high net worth individuals oversubscribed 2.1 times for the RM500m AT1 sukuk wakalah and 3.7 times for the RM500m Tier…
Capital markets executive summary | Tue 10 Oct 2023 Petronas Chemicals is building Asia’s largest plastics recycling plant in Pengerang Petronas Chemicals Group Bhd (PCG) reached a final investment decision for the advanced chemical recycling plant with a capacity of 33k tonnes per annum. The project, which will commence operations in 1H2026, should contribute to…