Capital markets executive summary | Fri 22 Dec 2023

Capital markets executive summary | Fri 22 Dec 2023 Rimbunan Sawit sells Miri oil palm estates to repay debts The Sarawak-based planter has proposed to dispose of 5 parcels of land measuring 9,935 hectares to Mahawangsa Sungai Bok Plantation Sdn Bhd for RM165m. Selangor Estate (4,857 hectares) will be sold for RM90m while Jayamax Estate…

Capital markets executive summary | Wed 20 Dec 2023

Capital markets executive summary | Wed 20 Dec 2023 Dataprep to buy 70% of DACS Network Subsidiary Solisnet Sdn Bhd acquired the shares of DACS Network Solutions Sdn Bhd (DNS) from Cloudaron Group Bhd for RM10.5m, which will be satisfied by issuing 82.68m new shares at 12.7 sen per share. DNS is a telecommunications industry…

Capital markets executive summary | Tue 19 Dec 2023

Capital markets executive summary | Tue 19 Dec 2023 Scoop buys Apollo controlling shareholding to trigger MGO Keynote Capital Sdn Bhd signed a share sale agreement with Scoop Capital Sdn Bhd to sell its 41.05m shares or 51.31% in Apollo Food Holdings Bhd for RM238.08m cash. The transfer will be effected today. The price of…

Capital markets executive summary | Mon 18 Dec 2023

Capital markets executive summary | Mon 18 Dec 2023 Apollo Food shares suspended today pending announcement The confectionery manufacturer sought for the trading suspension under Paragraph 3.1(b)(iv) of Practice Note 2 on Requests for Suspension of the Main Market Listing Requirements, which can be used by companies to publicise being served a notice of take-over….

Capital markets executive summary | Fri 15 Dec 2023

Capital markets executive summary | Fri 15 Dec 2023 Ranhill wins related party project for Johor non-revenue water reduction Ranhill SAJ Sdn Bhd, 80%-owned by Ranhill Utilities Bhd, awarded the 3-year RM283.89m project to wholly owned Ranhill Technologies Sdn Bhd in a competitive tender. The project scope covers establishing district meter areas (DMA), non-revenue water…

Capital markets executive summary | Thu 14 Dec 2023

Capital markets executive summary | Thu 14 Dec 2023 Tower REIT proposes rights issue to raise RM66m The real estate investment trust will use up to RM40m from the proceeds to reduce its borrowings amounting to RM272.75m as at 30 Sep. The balance of the proceeds will go towards refurbishing the existing properties in its…

Capital markets executive summary | Wed 13 Dec 2023

Capital markets executive summary | Wed 13 Dec 2023 Ocean Fresh to list on ACE Market The frozen seafood products producer will offer 50.05m shares or 23.81% of its enlarged issued shares. 10.51m shares are for the Malaysian public, half for bumiputra investors. 1.71m shares are for eligible parties and 37.83m shares for private placement…

Capital markets executive summary | Tue 12 Dec 2023

Capital markets executive summary | Tue 12 Dec 2023 UOB priced Exsim’s Asean SRI sukuk private placement The bank reportedly priced the private placement of the company’s maiden RM365m ASEAN Green Sustainable and Responsible Investment (SRI) sukuk musharakah. The order book was 3.9 times the issuance size. According to bixmalaysia.com, the 4-year AA3 rated sukuk…

Capital markets executive summary | Mon 11 Dec 2023

Capital markets executive summary | Mon 11 Dec 2023 Jati Tinggi IPO oversubscribed 16.11 times The infrastructure utilities engineering services provider, which will be listed on the ACE Market on 20 Dec, received 5,195 applications for 335.37m new shares allocated for the Malaysian public. 2,879 applications for 145.12m shares were received for the bumiputra portion…