Capital markets executive summary | Fri 16 Jun 2023

Capital markets executive summary | Fri 16 Jun 2023 F&N to invest RM1b in upstream fresh milk business Fraser & Neave Holdings Berhad launched its upstream fresh milk business with the development of its integrated dairy farm in Gemas, Negeri Sembilan. Phase 1 will produce 100m litres of fresh milk. The 2,726-hectare farm will eventually…

Capital markets executive summary | Thu 15 Jun 2023

Capital markets executive summary | Thu 15 Jun 2023 Ewein receives takeover offer at 60 sen The company manufactures precision sheet metal moulds, tools, dies and fabricated parts used in electrical and electronics equipment, precision plastic injection moulding products and product finishing. Nationgate Holdings Berhad’s managing director and major shareholder Ooi Eng Leong raised his…

Capital markets executive summary | Tue 13 Jun 2023

Capital markets executive summary | Tue 13 Jun 2023 RSS and IDSS minimum market cap reduced to RM200m Bursa Malaysia announced that the minimum market capitalisation of approved securities for regulated short selling (RSS) and intra-day short selling (IDSS) has been lowered from RM500m previously. Securities that meet Bursa-prescribed criteria – or approved securities –…

Capital markets executive summary | Fri 9 Jun 2023

Capital markets executive summary | Fri 9 Jun 2023 Tokio Marine is selling Southeast Asia life insurance business The Tokyo-listed insurer was founded in 1879 as Japan’s first non-life insurance company, but now offers both life and non-life insurance. Its international business in 46 countries contributed 54% of profits. The company has appointed Goldman Sachs…

Capital markets executive summary | Wed 7 Jun 2023

Capital markets executive summary | Wed 7 Jun 2023 Khazanah invests in PolicyStreet The insurance technology company was founded in 2017 and was granted the Financial Adviser and Islamic Financial Adviser licences by Bank Negara Malaysia in 2019. It offers digital and customised insurance solutions to consumers and businesses. It sees opportunities in improving Malaysia’s…

Capital markets executive summary | Tue 6 Jun 2023

Capital markets executive summary | Tue 6 Jun 2023 Yinson buys Netherlands-based AFPS Yinson Bouvardia Holdings Pte Ltd plans to acquire the entire equity interest in AFPS BV from Atlanta Field BV via a call option for a maximum price of USD87.9m (RM405.6m). AFPS is the owner of floating, production, storage, and offloading (FPSO) Atlanta….

Capital markets executive summary | Fri 2 Jun 2023

Capital markets executive summary | Fri 2 Jun 2023 Synergy House ended 18% below IPO price The cross-border e-commerce seller and exporter of ready-to-assemble home furniture appears to spark a trend of disappointing market debuts after Radium Development closed 23% lower. The stock was the 3rd most actively traded with 82.38m shares changing hands. It…