Capital markets executive summary | Mon 4 Dec 2023 AEON Credit issued RM300m senior sukuk The financial service provider issued the 4th and last tranche from its RM2b sukuk wakalah programme. The tenor of the sukuk, rated AA3 by RAM, is 5 years and the profit rate is 4.45% per annum. The last trade was…
Capital markets executive summary | Fri 1 Dec 2023 Bursa to amend listing requirements Bursa Malaysia Securities Bhd issued a consultation paper on proposed amendments to the Main Market and ACE Market listing requirements. They include: (a) disclosures on placement exercises, status of proceeds utilisation and past equity fundraising exercises where the proceeds have not…
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…