Capital markets executive summary | Tue 1 Aug 2023

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

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

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

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…

Capital markets executive summary | Wed 26 Jul 2023

Capital markets executive summary | Wed 26 Jul 2023 Sentral REIT to place shares to buy Menara CelcomDigi The real estate investment trust (REIT) entered into a conditional sale and purchase agreement (SPA) with Puncak Wangi Sdn Bhd, a wholly-owned subsidiary of Malaysian Resources Corp Bhd (MRCB), to acquire the 27-storey office building in Petaling…

Capital markets executive summary | Tue 25 Jul 2023

Capital markets executive summary | Tue 25 Jul 2023 Inflation trending down for 4 months Jun 2023’s 2.4% is the lowest since Apr 2022 due to smaller increases in restaurants and hotels (5.4% vs May 6.7%), food and non-alcoholic beverages (4.7% vs May 5.9%), and furnishings, household equipment and routine household maintenance (2.3% vs May…

Capital markets executive summary | Mon 24 Jul 2023

Capital markets executive summary | Mon 24 Jul 2023 KGW IPO oversubscribed 50.45 times The logistics service provider received 11,329 applications for 1.24b shares worth RM260.81m from the Malaysian public. 6,868 applications for 624.4m shares were received for the bumiputra portion or an oversubscription of 50.74 times. The remaining public portion took in 4,461 applications…

Capital markets executive summary | Fri 21 Jul 2023

Capital markets executive summary | Fri 21 Jul 2023 Public Investment Bank underwrites Mercury Securities IPO The company signed the agreement for its initial public offering (IPO) on the ACE Market. The exercise will see the public issuance of 157.1m new shares or 17.59% of the enlarged share base of 893m shares. 44.65m new shares…

Capital markets executive summary | Thu 20 Jul 2023

Capital markets executive summary | Thu 20 Jul 2023 Critical Holdings plans ACE Market listing The engineering company submitted its draft prospectus to Bursa Malaysia on 13 Jul. The initial public offering (IPO) entails the issuance of 74.35m new shares, with 18.59m for the Malaysian public. 3.72m shares are for directors and employees. 46.47m shares…

Capital markets executive summary | Tue 18 Jul 2023

Capital markets executive summary | Tue 18 Jul 2023 Plytec approved for ACE Market listing The company will issue 106.06m new shares or 17.5% of its enlarged shares. 30.30m shares are for the Malaysian public and 75.76m shares are for private placement to bumiputra investors approved by the Ministry of Investment, Trade and Industry. Its…