Capital markets executive summary | Tue 9 Jan 2024

Capital markets executive summary | Tue 9 Jan 2024 Johor Plantations files IPO prospectus exposure Johor Corp’s Kulim (M) Bhd will retain 65% after the issuance of 464m new shares and an offer for sale of 411m existing shares. 797.5m shares or 31.9% of the enlarged share base are for institutional investors with 312.5m for…

Capital markets executive summary | Fri 5 Jan 2024

Capital markets executive summary | Fri 5 Jan 2024 Pharmaniaga executes 7-year concession agreement with MOH Pharmaniaga Logistic Sdn Bhd signed a concession agreement with the Ministry of Health for the provision of medical supply logistics services from 1 Jul 2023 to 30 Jun 2030. The scope covers procurement, storage, supply and delivery of medical…

Capital markets executive summary | Thu 4 Jan 2024

Capital markets executive summary | Thu 4 Jan 2024 Khazanah and CGC Digital invest in Funding Societies Southeast Asia’s largest MSME digital finance platform plans to expand beyond Kuala Lumpur, Selangor, Penang and Johor, with the target of 25k MSMEs by end-2025. It also wants to widen the reach of its Islamic financing solutions which…

Capital markets executive summary | Wed 3 Jan 2024

Capital markets executive summary | Wed 3 Jan 2024 TA Securities underwrites AGX IPO The 3rd party logistics company, which will list on the ACE Market, is issuing 96.5m new shares, while its shareholders are offering for sale 30m existing shares. 21.65m new shares are for the public via balloting, 6.32m for directors and employees,…

Capital markets executive summary | Tue 2 Jan 2024

Capital markets executive summary | Tue 2 Jan 2024 BHIC shareholders approve RM417m debt settlement At the EGM on Fri, 99.92% of Boustead Heavy Industries Corp Bhd (BHIC) shareholders voted in favour of the debt settlement plan with 3 lenders and 64.99% parent Boustead Holdings Bhd (BHB) and amending the company’s constitution to enable the…

Capital markets executive summary | Thu 28 Dec 2023

Capital markets executive summary | Thu 28 Dec 2023 TSA Group prices IPO at 55 sen The industrial hardware manufacturer launched its prospectus yesterday to raise RM42.53m via a listing on the ACE Market. The price values the company at 4.23 times price-earnings multiple based on RM39.85m net profit for FY2022. The IPO entails the…