Capital markets executive summary | Fri 8 Dec 2023

Capital markets executive summary | Fri 8 Dec 2023 Critical Holdings IPO oversubscribed 88.08 times The mechanical, electrical and process utilities (MEP) engineering company, which will list on the ACE Market on 18 Dec, received 13,038 applications for 1.66b shares for the 18.59m new shares for the public. For the bumiputra portion, 7,379 applications were…

Capital markets executive summary | Thu 7 Dec 2023

Capital markets executive summary | Thu 7 Dec 2023 Jati Tinggi valued at 35 sen by PublicInvest The research house’s estimate is based on 14 times price-earnings multiple to the company’s 2.5 sen earnings per share forecast for FY Nov 2024. Key growth drivers for the underground and overhead utilities engineering services provider are its…

Capital markets executive summary | Wed 6 Dec 2023

Capital markets executive summary | Wed 6 Dec 2023 KLK obtains RM500m sustainability-linked loan from Maybank Kuala Lumpur Kepong Bhd (KLK) secured its first sustainability-linked loan (SLL) for general working capital purposes. Maybank structured the SLL to align KLK’s financial strategy with its commitment to environmentally and socially responsible practices outlined in its sustainability commitments….

Capital markets executive summary | Tue 5 Dec 2023

Capital markets executive summary | Tue 5 Dec 2023 Malakoff and Masdar to develop 1,000MW solar projects in Malaysia The company and Abu Dhabi Future Energy Company PJSC (Masdar) signed a heads of agreement to conduct technical and commercial assessments on up to 1,000MW solar photovoltaic projects and other renewable energy (RE) projects in Peninsula…

Capital markets executive summary | Fri 1 Dec 2023

Capital markets executive summary | Fri 1 Dec 2023 Bursa to amend listing requirements Bursa Malaysia Securities Bhd issued a consultation paper on proposed amendments to the Main Market and ACE Market listing requirements. They include: (a) disclosures on placement exercises, status of proceeds utilisation and past equity fundraising exercises where the proceeds have not…

Capital markets executive summary | Thu 30 Nov 2023

Capital markets executive summary | Thu 30 Nov 2023 NTT Docomo joins Mitsui consortium in Edotco bidding The Japanese mobile operator joined the consortium, which also includes JTower, in bidding for new shares in Axiata Group Bhd’s tower subsidiary for USD750m in addition to buying existing shares from Japan’s Innovation Network Corp, Khazanah and Kumpulan…

Capital markets executive summary | Wed 29 Nov 2023

Capital markets executive summary | Wed 29 Nov 2023 CPE Tech’s IPO oversubscribed 17.69 times The engineering support services provider, which will list on the Main Market on 7 Dec, received 12,374 applications for 627.49m new shares worth RM671.42m. For the bumiputra portion, 6,619 applications were received for 254.95m shares or an oversubscription rate of…

Capital markets executive summary | Mon 27 Nov 2023

Capital markets executive summary | Mon 27 Nov 2023 CGMI obtains Bursa Malaysia approval for ACE Market listing The information and communication technology (ICT) managed services provider serves the food and beverage sector (F&B) and hospitals. The company will issue 110m new shares or 16.39% of its enlarged issued shares. 33.55m shares are for the…