Capital markets executive summary | Tue 20 Jun 2023 Leader Energy plans RM2b IPO This would be Malaysia’s biggest initial public offering (IPO) since 2017. The power company expects to submit its prospectus to the Securities Commission by end-Jun and the listing is anticipated to happen in Dec 2013. The company is a subsidiary of…
Capital markets executive summary | Mon 19 Jun 2023 CN Asia diversifies into downstream oil and gas in Kazakhstan The company signed an agreement with Markmore Energy (Labuan) Limited (MELL) and CaspiOil Gas LLP (COG) to build a central processing complex (CPC) plant and pipeline at the Rakushechnoye Oil and Gas Field in Kazakhstan to…
Capital markets executive summary | Fri 16 Jun 2023 F&N to invest RM1b in upstream fresh milk business Fraser & Neave Holdings Berhad launched its upstream fresh milk business with the development of its integrated dairy farm in Gemas, Negeri Sembilan. Phase 1 will produce 100m litres of fresh milk. The 2,726-hectare farm will eventually…
Capital markets executive summary | Thu 15 Jun 2023 Ewein receives takeover offer at 60 sen The company manufactures precision sheet metal moulds, tools, dies and fabricated parts used in electrical and electronics equipment, precision plastic injection moulding products and product finishing. Nationgate Holdings Berhad’s managing director and major shareholder Ooi Eng Leong raised his…
Capital markets executive summary | Wed 14 Jun 2023 TM gets 10-year concession extension for MyGov*Net In Jan, Telekom Malaysia Bhd (TM) accepted a letter of implementation for the extension of the MyGov*Net concession from 1 Jan 2023 to 31 Dec 2032. Yesterday, GITN Sdn Bhd – a wholly-owned subsidiary of TM – signed the…
Capital markets executive summary | Tue 13 Jun 2023 RSS and IDSS minimum market cap reduced to RM200m Bursa Malaysia announced that the minimum market capitalisation of approved securities for regulated short selling (RSS) and intra-day short selling (IDSS) has been lowered from RM500m previously. Securities that meet Bursa-prescribed criteria – or approved securities –…
Capital markets executive summary | Mon 12 Jun 2023 Zantat plans to list on ACE Market The initial public offering (IPO) involves 72.8m shares – 56m new shares and 16.8m existing shares – or 26% of the enlarged shares of 280m. The company will make 14m shares available for the Malaysian public, 11.2m pink form…
Capital markets executive summary | Fri 9 Jun 2023 Tokio Marine is selling Southeast Asia life insurance business The Tokyo-listed insurer was founded in 1879 as Japan’s first non-life insurance company, but now offers both life and non-life insurance. Its international business in 46 countries contributed 54% of profits. The company has appointed Goldman Sachs…
Capital markets executive summary | Thu 8 Jun 2023 Edelteq soars 204.17% on listing The ACE Market listed company opened at 75 sen or 51 sen (212.5%) above the initial public offering (IPO) price of 24 sen. The counter finally closed at 73 sen with 104.52m shares changing hands. It was the 3rd most active…
Capital markets executive summary | Wed 7 Jun 2023 Khazanah invests in PolicyStreet The insurance technology company was founded in 2017 and was granted the Financial Adviser and Islamic Financial Adviser licences by Bank Negara Malaysia in 2019. It offers digital and customised insurance solutions to consumers and businesses. It sees opportunities in improving Malaysia’s…