Capital markets executive summary | Mon 11 Sep 2023 Mercury Securities’ IPO oversubscribed 45.45 times The initial public offering (IPO) entails the issuance of 157.1m new shares or 17.59% of the enlarged issued shares and an offer for sale of 71.51m existing shares or 8.01% at 25 sen. For non-bumiputra public, 7,957 applications for 1.51b…
Capital markets executive summary | Fri 8 Sep 2023 Smart Asia Chemical to list on ACE Market The industrial paint and coating manufacturer will issue 93.5m shares or 25.28% of its enlarged share base of 369.85m shares. 46.23m shares are for bumiputra investors approved by the Ministry of Investment, Trade and Industry. 16.68m shares are…
Capital markets executive summary | Thu 7 Sep 2023 YTL REIT to buy Hotel Stripes for RM138m Maybank Trustees Bhd, the trustee for YTL Hospitality REIT, entered into a conditional sale and purchase agreement with Hotel 25 Sdn Bhd, wholly-owned by YTL Corporation Bhd. After the acquisition, Maybank Trustees will lease the property to Hotel…
Capital markets executive summary | Wed 6 Sep 2023 QI Group issues sukuk for new university campus in Perak The company and Bank Pembangunan Malaysia Berhad (BPMB) signed an agreement for the issuance of RM100m sukuk ijarah with BPMB as the primary subscriber. The sukuk will be issued by Silver Formula ABS Bhd, a special…
Capital markets executive summary | Tue 5 Sep 2023 FGV gets 5th extension from Bursa on public spread The Federal Land Development Authority (Felda) initiated the privatisation of FGV Holdings Bhd in Dec 2020 at RM1.30 per share. When it closed in Mar 2021, Felda was short of the 90% shareholding to trigger compulsory share…
Capital markets executive summary | Mon 4 Sep 2023 Hibiscus and DNeX buy interest in UK oil field Hibiscus Petroleum Bhd and Ping Petroleum UK PLC, a subsidiary of Dagang NeXchange, entered into separate identical farm-in agreements with Rapid Oil Production Ltd for 42.5% equity interest each in Licence P2451. Rapid Oil will keep the…
Capital markets executive summary | Fri 1 Sep 2023 Ekovest plans fundraising via private placement for RTS Link project In Jul 2022, wholly-owned Ekovest Construction Sdn Bhd accepted a RM1.98b letter of award as the engineering procurement and construction contractor from Adil Permata Sdn Bhd, the main contractor of the RM3.7b project. Adil Permata was…
Capital markets executive summary | Wed 30 Aug 2023 Evergreen Max Cash Capital to raise RM64.2m in IPO The pawnbroker launched its prospectus to list on the ACE Market on 26 Sep. RM30m of the proceeds is additional capital for the pawnbroking business, RM20m for 5 new pawnshops by end-2024, and RM14.2m for the repayment…
Capital markets executive summary | Tue 29 Aug 2023 Mercury Securities to list on the ACE Market on 19 Sep The first stockbroking company in an initial public offering (IPO) in 20 years will raise RM39.27m by issuing 157.09m new shares at 25 sen for an enlarged base of 893m shares according to its prospectus….
Capital markets executive summary | Mon 28 Aug 2023 TNB and Indonesia’s PLN to study subsea power grid link Tenaga Nasional Bhd and PT Perusahaan Listrik Negara (Persero) signed a memorandum of understanding to jointly study connecting the peninsular Malaysia and Sumatra power grids across the Strait of Malacca via the first subsea cross-border interconnection…