Capital markets executive summary | Mon 28 Aug 2023

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…

Capital markets executive summary | Thu 24 Aug 2023

Capital markets executive summary | Thu 24 Aug 2023 KLK is taking over Boustead Plantations Kuala Lumpur Kepong Bhd (KLK) will buy 33% of Boustead Plantations from Lembaga Tabung Angkatan Tentera (LTAT), which will retain a 35% stake. Boustead Holdings, wholly-owned by LTAT, owns 57.42% of Boustead Plantations while LTAT directly has 10.59%. Upon completion,…

Capital markets executive summary | Tue 22 Aug 2023

Capital markets executive summary | Tue 22 Aug 2023 Sime Darby Property issues RM600m sukuk Sime Darby Property Bhd made the 2nd issuance from its RM4.5b sukuk musharakah programme. It comprised 3-year RM200m Asean Sustainability SRI sukuk, 5-year RM300m sukuk and 7-year RM100m sukuk. Malaysian Rating Corporation Bhd affirmed the sukuk musharakah programme’s rating of…

Capital markets executive summary | Mon 21 Aug 2023

Capital markets executive summary | Mon 21 Aug 2023 SSF Home signs underwriting agreement with M&A Securities The furniture and home living products retailer signed the agreement for its initial public offering (IPO) and listing on the ACE Market. The company will issue 200m new shares while its shareholders will offer for sale 24m existing…

Capital markets executive summary | Fri 18 Aug 2023

Capital markets executive summary | Fri 18 Aug 2023 Supercomnet’s transfer to Main Market approved Supercomnet Technologies Bhd became the first company to be listed on the ACE Market in Apr 1999. Its market capitalisation has risen more than 7-fold from RM144.08m to RM1.06b. The company received the approval from Bursa Malaysia for the transfer…

Capital markets executive summary | Thu 17 Aug 2023

Capital markets executive summary | Thu 17 Aug 2023 UEM buys majority stake in Cenergi from Khazanah UEM Group Bhd bought the shares in the sustainable energy solutions company to grow its renewable energy (RE) business. Cenergi was incorporated in 2008 and is Malaysia’s largest grid-connected palm oil mill effluent biogas player. The company portfolio…

Capital markets executive summary | Wed 16 Aug 2023

Capital markets executive summary | Wed 16 Aug 2023 Glostrext Bhd closed at 32% premium on ACE Market The stock closed at 25.5 sen after opening at 65 sen or 342% above its 19 sen initial public offering (IPO) price on opening. Trading volume was 306.62m shares. The listing offers the company greater financial flexibility…