Capital markets executive summary | Wed 27 Sep 2023

Capital markets executive summary | Wed 27 Sep 2023 AEON Credit 2Q net profit jumped 59% Net profit increased from RM75.65m in 2Q ended 31 Aug 2022 (2QFY2023) to RM120.19m in 2Q ended 31 Aug 2023 (2QFY2024) with higher transaction and financing volume. Revenue climbed 18.2% from RM399.17m to RM471.73m due to higher loan and…

Capital markets executive summary | Tue 26 Sep 2023

Capital markets executive summary | Tue 26 Sep 2023 Dialog to build malic acid plant in Gebeng Dialog Group Bhd’s wholly owned Dialog Malic Sdn Bhd will build, own and operate the speciality chemical plant which will be located in the integrated chemical site operated by BASF Petronas Chemicals Sdn Bhd. This will be Dialog’s…

Capital markets executive summary | Mon 25 Sep 2023

Capital markets executive summary | Mon 25 Sep 2023 Chin Hin triggers MGO of Ajiya The building material specialist will be making a mandatory general offer (MGO) for the remaining shares in Ajiya Bhd, a safety glass and metal products manufacturer, at RM1.53 after signing share sale agreements with How Lian Yeong and Ong Hang…

Capital markets executive summary | Fri 22 Sep 2023

Capital markets executive summary | Fri 22 Sep 2023 7-Eleven sells Caring at higher price On 21 Jul, Convenience Shopping (Sabah) Sdn Bhd (CSSSB), subsidiary of convenience store chain operator 7-Eleven Malaysia Holdings Bhd, announced that it received a binding term sheet from BIG Pharmacy’s subsidiary in Jun. CSSSB signed a sale and purchase agreement…

Capital markets executive summary | Thu 21 Sep 2023

Capital markets executive summary | Thu 21 Sep 2023 Minox plans to list on the ACE Market Established in 1998, Minox International Group Bhd distributes stainless steel sanitary valves, tubes and fittings, installation components and equipment, rubber hoses and related products to customers in Singapore, Bahrain, Cambodia, Denmark, Germany, India, Japan, South Korea, Myanmar, Sri…

Capital markets executive summary | Wed 20 Sep 2023

Capital markets executive summary | Wed 20 Sep 2023 CelcomDigi still talking to government on 5G On 10 Sep, the Communications and Digital Minister said that all telcos will sign a share subscription agreement (SSA) for interest in Digital Nasional Bhd (DNB). CelcomDigi Bhd prefers that the government announce the outcome of its on-going discussions…

Capital markets executive summary | Tue 19 Sep 2023

Capital markets executive summary | Tue 19 Sep 2023 Cape EMS to acquire US-based iConn iConn Inc, an electronic manufacturing services (EMS) provider which offers virtual manufacturing, will be purchased for USD16.5m (RM76.6m). Listed in Mar, Cape EMS will privately place 10% of its share base to raise RM106.15m based on an indicative price of…

Capital markets executive summary | Mon 18 Sep 2023

Capital markets executive summary | Mon 18 Sep 2023 Alpha IVF plans listing on ACE Market The fertility care specialist will issue 364.5m new shares or 7.5% of the enlarged shares. 1.09b existing shares or 22.5% will be offered for sale. 48.6m new shares are for bumiputra and other Malaysian public. 24.3m new shares are…

Capital markets executive summary | Fri 15 Sep 2023

Capital markets executive summary | Fri 15 Sep 2023 Bursa reprimands and fines RHB for due diligence lapses There were 2 breaches of the listing requirements which led Bursa to reject the proposed initial public offering (IPO) of an ACE Market applicant, that RHB Investment Bank was the sponsor and principal adviser of, the 2nd…

Capital markets executive summary | Thu 14 Sep 2023

Capital markets executive summary | Thu 14 Sep 2023 UUE Holdings Bhd plans IPO The underground utilities engineering solutions provider is considering a listing on the ACE Market to raise funds to buy machinery and equipment, and for working capital. The company will issue 124.9m new shares. 30.42m shares are for the Malaysian public. 40.59m…