Capital markets executive summary | Wed 9 Aug 2023 Risk of cross-default for Country Garden’s sukuk emerges RAM Ratings assigned a AA3 rating to the RM1.5b Islamic medium term notes issued by Country Garden Real Estate Sdn Bhd (CGRE) in 2015. In Dec 2022, the rating agency placed the sukuk on negative outlook. The sukuk…
Capital markets executive summary | Tue 8 Aug 2023 Eve Energy breaks ground on Kulim lithium battery factory The global lithium battery manufacturer held the event for its facility with an initial investment of USD422m (RM1.92b). The factory will be Eve’s 53rd and will produce cylindrical lithium-ion batteries for power tools and electric two-wheelers manufactured…
Capital markets executive summary | Mon 7 Aug 2023 Kawan Renergy plans ACE Market listing The engineering solutions provider and independent power producer involved in power generation and the sale of electricity had its draft prospectus published on Bursa’s website. The initial public offering (IPO) entails the issuance of 110m new shares and offer for…
Capital markets executive summary | Fri 4 Aug 2023 Infineon to invest EUR5b in Kulim Germany-based global semiconductor giant Infineon Technologies AG will build the world’s largest 200mm silicon carbide (SiC) power fabrication plant at a cost of RM24.9b over the next 5 years. The company said the investment will generate EUR7b in revenue by…
Capital markets executive summary | Thu 3 Aug 2023 Hibiscus Petroleum gets consent for Teal West field development Its subsidiary Anasuria Hibiscus UK Limited received development and production works consent for a field development plan (FDP) for the Teal West field from the North Sea Transition Authority (NSTA). It paves the way for the internal…
Capital markets executive summary | Wed 2 Aug 2023 KGW ends listing day with 9.52% premium The freight services provider debuted on the ACE Market up 2 sen over its initial public offering (IPO) price of 21 sen. The most active counter with 180.39m shares changing hands hit an intraday high of 25 sen. The…
Capital markets executive summary | Tue 1 Aug 2023 Great Eastern in talks to buy AmMetLife The Oversea-Chinese Banking Corp subsidiary is conducting due diligence on AmMetLife Insurance Bhd and seeking regulatory approval. The transaction could value the company, which US-based MetLife Inc jointly owns with AMMB Holdings Bhd, at USD250m-USD300m. The parties could reach…
Capital markets executive summary | Mon 31 Jul 2023 More than 700 representatives attended HSR briefing The officials from local and foreign firms, and foreign missions were present at the Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR) briefing for the Request for Information (RFI). The foreign companies are based in the United Kingdom, Spain, Germany,…
Capital markets executive summary | Fri 28 Jul 2023 UEM Group spearheads 1GW national solar project The wholly-owned subsidiary of Khazanah Nasional Bhd has tied up with Itramas Corp Sdn Bhd for the hybrid solar photovoltaic power plant that will be integrated with a renewable energy (RE) industrial park. Khazanah is the champion for the…
Capital markets executive summary | Thu 27 Jul 2023 Daythree Digital closed more than double IPO price on ACE Market listing Tricor Investor & Issuing House Services Sdn Bhd had announced earlier that the public applied for 3.12b shares of the tech-driven global business services (GBS) company or an oversubscription rate of 129.2 times. The…