Capital markets executive summary | Thu 12 Oct 2023

Capital markets executive summary | Thu 12 Oct 2023 Hektar REIT proposes private placement to fund investments Hektar Real Estate Investment Trust (REIT) is proposing a private placement of up to 20% of the total number of issued units to 3rd party investors to be identified. From the RM53.64m gross proceeds at 53 sen indicative…

Capital markets executive summary | Wed 11 Oct 2023

Capital markets executive summary | Wed 11 Oct 2023 Affin Islamic Bank’s RM1b sukuk issuance oversubscribed The wholly-owned subsidiary of Affin Bank Bhd received RM2.9b orders for the RM1b issuance. Demand from institutional investors and high net worth individuals oversubscribed 2.1 times for the RM500m AT1 sukuk wakalah and 3.7 times for the RM500m Tier…

Capital markets executive summary | Tue 10 Oct 2023

Capital markets executive summary | Tue 10 Oct 2023 Petronas Chemicals is building Asia’s largest plastics recycling plant in Pengerang Petronas Chemicals Group Bhd (PCG) reached a final investment decision for the advanced chemical recycling plant with a capacity of 33k tonnes per annum. The project, which will commence operations in 1H2026, should contribute to…

Capital markets executive summary | Mon 9 Oct 2023

Capital markets executive summary | Mon 9 Oct 2023 Minox International Group IPO oversubscribed 143.76 times The stainless steel sanitary valves, tubes and fittings distributor is raising RM22.5m by issuing 90m new shares at 25 sen. It received 15,818 applications for 2.605b shares for 18m new shares for the Malaysian public. The bumiputra portion received…

Capital markets executive summary | Fri 6 Oct 2023

Capital markets executive summary | Fri 6 Oct 2023 SunCon JV wins RM595m distribution centre contract from Daiso Sunway Construction Group Bhd’s unincorporated joint venture with construction firm Kajima (M) Sdn Bhd signed a letter of acceptance with Daiso Malaysia Group Sdn Bhd for the design and construction of its 130k sq ft global distribution…

Capital markets executive summary | Thu 5 Oct 2023

Capital markets executive summary | Thu 5 Oct 2023 Malakoff signs MOU with MMC ports on 500MW solar power The company signed a memorandum of understanding (MOU) with MMC-owned ports Northport (Malaysia) Bhd, Johor Port Bhd, Pelabuhan Tanjung Pelepas Sdn Bhd and Penang Port Sdn Bhd, to explore green power initiatives including solar power. Malakoff…

Capital markets executive summary | Wed 4 Oct 2023

Capital markets executive summary | Wed 4 Oct 2023 SSF Home’s IPO oversubscribed 8.25 times The furniture and home-living product retailer will issue 200m shares or 25% of its enlarged shares at 25 sen to raise RM50m. Shareholders are offering for sale 24m shares or 3% of the enlarged shares. It received 5,348 applications for…

Capital markets executive summary | Mon 2 Oct 2023

Capital markets executive summary | Mon 2 Oct 2023 SCIB accepts RM34m Islamic banking facilities Sarawak Consolidated Industries Bhd’s (SCIB) wholly-owned subsidiary, SCIB Concrete Manufacturing Sdn Bhd, accepted RM34m Islamic banking facilities from Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank). The civil engineering company will use the RM12m commodity murabahah term financing-i to…

Capital markets executive summary | Fri 29 Sep 2023

Capital markets executive summary | Fri 29 Sep 2023 Sunway and PDC to develop Batu Kawan Industrial Park 2 70%-owned Umech Land Sdn Bhd signed a joint development agreement with Penang Development Corp (PDC) to develop 559 acres in exchange for RM646.02m land entitlement payable via a RM64.6m deposit and the remaining RM581.42m in 4…