Capital markets executive summary | Fri 15 Sep 2023 Bursa reprimands and fines RHB for due diligence lapses There were 2 breaches of the listing requirements which led Bursa to reject the proposed initial public offering (IPO) of an ACE Market applicant, that RHB Investment Bank was the sponsor and principal adviser of, the 2nd…
Capital markets executive summary | Thu 14 Sep 2023 UUE Holdings Bhd plans IPO The underground utilities engineering solutions provider is considering a listing on the ACE Market to raise funds to buy machinery and equipment, and for working capital. The company will issue 124.9m new shares. 30.42m shares are for the Malaysian public. 40.59m…
Capital markets executive summary | Wed 13 Sep 2023 Cypark issues sukuk to Jakel Cypark Renewable Energy Sdn Bhd established a RM500m perpetual sukuk musharakah programme in Jun 2020 with RM232.96m outstanding at end-Apr. The company issued the 2nd tranche of RM100m to its 22.51% shareholder, Jakel Capital Sdn Bhd, for working capital and repayment…
Capital markets executive summary | Tue 12 Sep 2023 Manufacturing sector sales up 2.5% for 7M2023 The sales value of the manufacturing sector inched up to RM1.03t for Jan-Jul 2023. The number of employees gained 1.7% to 2.34m, and salaries and wages expanded 3.8% to RM56.6b. Sales value per employee was up 0.8% to RM441,255….
Capital markets executive summary | Mon 11 Sep 2023 Mercury Securities’ IPO oversubscribed 45.45 times The initial public offering (IPO) entails the issuance of 157.1m new shares or 17.59% of the enlarged issued shares and an offer for sale of 71.51m existing shares or 8.01% at 25 sen. For non-bumiputra public, 7,957 applications for 1.51b…
Capital markets executive summary | Fri 8 Sep 2023 Smart Asia Chemical to list on ACE Market The industrial paint and coating manufacturer will issue 93.5m shares or 25.28% of its enlarged share base of 369.85m shares. 46.23m shares are for bumiputra investors approved by the Ministry of Investment, Trade and Industry. 16.68m shares are…
Capital markets executive summary | Thu 7 Sep 2023 YTL REIT to buy Hotel Stripes for RM138m Maybank Trustees Bhd, the trustee for YTL Hospitality REIT, entered into a conditional sale and purchase agreement with Hotel 25 Sdn Bhd, wholly-owned by YTL Corporation Bhd. After the acquisition, Maybank Trustees will lease the property to Hotel…
Capital markets executive summary | Wed 6 Sep 2023 QI Group issues sukuk for new university campus in Perak The company and Bank Pembangunan Malaysia Berhad (BPMB) signed an agreement for the issuance of RM100m sukuk ijarah with BPMB as the primary subscriber. The sukuk will be issued by Silver Formula ABS Bhd, a special…
Capital markets executive summary | Tue 5 Sep 2023 FGV gets 5th extension from Bursa on public spread The Federal Land Development Authority (Felda) initiated the privatisation of FGV Holdings Bhd in Dec 2020 at RM1.30 per share. When it closed in Mar 2021, Felda was short of the 90% shareholding to trigger compulsory share…
Capital markets executive summary | Mon 4 Sep 2023 Hibiscus and DNeX buy interest in UK oil field Hibiscus Petroleum Bhd and Ping Petroleum UK PLC, a subsidiary of Dagang NeXchange, entered into separate identical farm-in agreements with Rapid Oil Production Ltd for 42.5% equity interest each in Licence P2451. Rapid Oil will keep the…