Capital markets executive summary | Thu 30 Nov 2023 NTT Docomo joins Mitsui consortium in Edotco bidding The Japanese mobile operator joined the consortium, which also includes JTower, in bidding for new shares in Axiata Group Bhd’s tower subsidiary for USD750m in addition to buying existing shares from Japan’s Innovation Network Corp, Khazanah and Kumpulan…
Capital markets executive summary | Wed 29 Nov 2023 CPE Tech’s IPO oversubscribed 17.69 times The engineering support services provider, which will list on the Main Market on 7 Dec, received 12,374 applications for 627.49m new shares worth RM671.42m. For the bumiputra portion, 6,619 applications were received for 254.95m shares or an oversubscription rate of…
Capital markets executive summary | Tue 28 Nov 2023 Panda Eco jumps 62.5% on listing The retail management solutions provider opened at 29 sen or an 81% premium to its 16 sen IPO price on its ACE Market debut. It was the most actively traded counter with 190.37m shares exchanging hands. The stock closed at…
Capital markets executive summary | Mon 27 Nov 2023 CGMI obtains Bursa Malaysia approval for ACE Market listing The information and communication technology (ICT) managed services provider serves the food and beverage sector (F&B) and hospitals. The company will issue 110m new shares or 16.39% of its enlarged issued shares. 33.55m shares are for the…
Capital markets executive summary | Fri 24 Nov 2023 Fitch forecasts RM3,515 per tonne average palm oil price for 2024 Fitch-owned BMI revised its 2024 average annual forecast for palm oil prices down by 7.5% year-on-year from the 2023 forecast of RM3,800 per tonne for Bursa Malaysia-listed 3rd-month palm oil futures. Year-to-date, palm oil futures…
Capital markets executive summary | Thu 23 Nov 2023 KJTS gets Bursa approval to list on ACE Market The company installs and manages building cooling energy systems, provides cleaning services, and repairs and maintains building mechanical and electrical elements, plumbing, drainage and sewerage, and retail outlet equipment in Malaysia, Thailand and Singapore. The company is…
Capital markets executive summary | Wed 22 Nov 2023 SC approves Mestron’s transfer to Main Market Mestron Holdings Bhd has received the approval from the Securities Commission for the transfer of its shares and warrants from the ACE Market. The company expects the transfer to allow the expansion of its investor base to include those…
Capital markets executive summary | Tue 21 Nov 2023 CPE Technology IPO priced at RM1.07 The engineering precision parts manufacturer will raise RM179.58m from the issuance of 167.83m new shares or 25% of the enlarged issued shares of 671.31m upon listing on the Main Market on 7 Dec 2023. The exercise includes an offer for…
Capital markets executive summary | Mon 20 Nov 2023 Panda EcoSystem IPO oversubscribed 153.47 times The retail management solutions company, which will be listed on the ACE Market on 27 Nov, offered 33.56m shares to the public and received 20,021 applications for 5.18b shares worth RM829.41m. The bumiputra portion received 11,444 applications for 2.42b or…
Capital markets executive summary | Fri 17 Nov 2023 Siab proposes private placement and rights issue 100m new shares or 20.42% of the existing issued shares will be privately placed to independent investors to be identified. The issue price will be based on the 5-day volume weighted average price of Siab shares immediately preceding the…