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…
Capital markets executive summary | Thu 16 Nov 2023 Plytec closes 7.1% below IPO price The company ended its IPO on the ACE Market as the 4th worst performing IPO this year. At the bottom is Radium Development Bhd -23%, Synergy House Bhd -18.6% and SkyWorld Development Bhd -7.5%. It closed at 32.5 sen against…
Capital markets executive summary | Wed 15 Nov 2023 Government to help introduce financing for energy efficiency projects The Economy Minister sees a need to create an overall ecosystem for green projects beyond solar and hydrogen that will complement the National Energy Transition Roadmap (NETR). The government is working with the banking and financial industry…
Capital markets executive summary | Tue 14 Nov 2023 LTAT makes takeover offer for Boustead Plantation The Armed Forces Fund Board (LTAT) signed an unconditional share sale agreement with Boustead Holdings Bhd to acquire 739.20m Boustead Plantation (BPlant) shares or 33%, which would increase LTAT’s share of BPlant from 237.21m shares or 10.59% to 976.41m…
Capital markets executive summary | Fri 10 Nov 2023 Business management consultancy ex-director charged for not possessing CMSRL 33-year-old Muhammad Fadzli Jamaludin, a former director of Kyaputen Sdn Bhd, was charged at the Kuala Lumpur Sessions Court with 3 counts of unlicensed fund management at 1 venue in Taman Muzaffar Heights, Ayer Keroh, Melaka and…
Capital markets executive summary | Thu 9 Nov 2023 Panda Eco System prices IPO at 16 sen The company will raise RM17.5m in its listing on the ACE Market on 27 Nov. The IPO entails 109.29m new shares or 16.3% of the 671.19m enlarged shares. Half of the 33.56m new shares or 5% of the…
Capital markets executive summary | Wed 8 Nov 2023 Columbia Asia is frontrunner for Ramsay Sime Darby Health Care The Southeast Asian healthcare firm, backed by alternative asset company TPG, could sign a deal as early as this week to buy the Malaysia-based private hospitals operator for USD1.5b. The acquisition will be Southeast Asia’s largest…
Capital markets executive summary | Tue 7 Nov 2023 Surian Creation sues Euro Holdings for exploiting it to get banking facilities The furniture maker, 3 of its subsidiaries and its managing director Datuk Seri Lim Teck Boon are being sued for allegedly using another company to obtain banking facilities. Surian Creation Sdn Bhd filed the…
Capital markets executive summary | Mon 6 Nov 2023 U Mobile converts RM1.4b banking facility into sustainability-linked financing The conversion was done by CIMB as sustainability structuring agent, sustainability lead arranger and joint lender with UOB Malaysia. U Mobile is entitled to receive rebates on its interest payments after achieving its sustainability performance targets (SPT)….