Capital markets executive summary | Fri 27 Oct 2023 Sarawak Plantation gets RM40m oil palm replanting facility Wholly-owned subsidiary, Sarawak Plantation Agriculture Development Sdn Bhd, signed a master agency agreement, facilities agreement and memorandum of charge with AmBank Islamic for the Islamic banking facility. Concurrently, Sarawak Plantation executed a guarantee and indemnity agreement with the…
Capital markets executive summary | Thu 26 Oct 2023 Capital A to issue debt and equity of USD1b AirAsia’s parent will list some of its businesses through Nasdaq-listed Aetherium Acquisition, a special purpose acquisition company, in 2024. The deal includes a new franchise business, which extends the AirAsia brand to companies that desire starting airlines…
Capital markets executive summary | Wed 25 Oct 2023 Plytec to list on ACE Market The company, which will be listed on 15 Nov, will raise RM37.1m by issuing 106.1m new shares at 35 sen. Plytec will be valued at 15.49 times price-earnings ratio based on RM13.69m net profit or 2.26 sen earnings per share…
Capital markets executive summary | Tue 24 Oct 2023 Carlo Rino adjusts exit offer price for transfer to ACE Market The company, which designs and markets women’s handbags, footwear and accessories, is transferring its listing from the Leading Entrepreneur Accelerator Platform (LEAP) Market to the ACE Market. The exit offer price was adjusted from 23…
Capital markets executive summary | Mon 23 Oct 2023 Sabah state’s SMJ prices maiden RM900m sukuk SMJ Sdn Bhd, wholly-owned by Chief Minister Incorporated of Sabah, priced the sukuk wakalah, which was issued from the company’s RM10b multi-currency sukuk wakalah programme. The sukuk have tenors of 5-15 years and profit rates of 4.23%-4.67% per annum….
Capital markets executive summary | Fri 20 Oct 2023 Global Oriental buys majority interest in car park company The property developer is acquiring 55% of Edisijuta Parking Sdn Bhd (EPSB) for RM27.5m cash from Cahaya Impian Sdn Bhd, which currently holds 70% equity interest. The balance 30% is held by Edisijuta Sdn Bhd. The price…
Capital markets executive summary | Thu 19 Oct 2023 Feytech to list on Main Market The automotive cover and seat manufacturer published a prospectus exposure offering 252.94m shares. The public offer of 143.32m shares consists of 42.16m shares for the Malaysian public, 25.39m shares for directors and employees, and 75.87m shares via private placement to…
Capital markets executive summary | Wed 18 Oct 2023 Minox closes at 48% premium to IPO price The stainless steel sanitary valves, tubes and fittings distributor opened its trading on the ACE Market at 31.5 sen or 26% premium before ending the day at 37 sen, above its initial public offering (IPO) price of 25…
Capital markets executive summary | Tue 17 Oct 2023 99 Speed Mart plans IPO in 2H2024 The convenience store chain started as Pasar Raya Hiap Hoe in 1987 before turning into a mini market called Pasar Mini 99. Founder Lee Thiam Wah owns 96% while his wife Ng Lee Tieng holds 4%. There is no…
Capital markets executive summary | Mon 16 Oct 2023 Drama expected at KNM EGM today The extraordinary general meeting, called by German billionaire Andreas Heeschen, will allow 34,018 shareholders to decide on the fate of the company, which has RM1.1b debt. Heeschen’s group is concerned about the viability of the company’s asset disposal plan including…