Capital markets executive summary | Fri 24 Nov 2023

Capital markets executive summary | Fri 24 Nov 2023 Fitch forecasts RM3,515 per tonne average palm oil price for 2024 Fitch-owned BMI revised its 2024 average annual forecast for palm oil prices down by 7.5% year-on-year from the 2023 forecast of RM3,800 per tonne for Bursa Malaysia-listed 3rd-month palm oil futures. Year-to-date, palm oil futures…

Capital markets executive summary | Thu 23 Nov 2023

Capital markets executive summary | Thu 23 Nov 2023 KJTS gets Bursa approval to list on ACE Market The company installs and manages building cooling energy systems, provides cleaning services, and repairs and maintains building mechanical and electrical elements, plumbing, drainage and sewerage, and retail outlet equipment in Malaysia, Thailand and Singapore. The company is…

Capital markets executive summary | Wed 22 Nov 2023

Capital markets executive summary | Wed 22 Nov 2023 SC approves Mestron’s transfer to Main Market Mestron Holdings Bhd has received the approval from the Securities Commission for the transfer of its shares and warrants from the ACE Market. The company expects the transfer to allow the expansion of its investor base to include those…

Capital markets executive summary | Tue 21 Nov 2023

Capital markets executive summary | Tue 21 Nov 2023 CPE Technology IPO priced at RM1.07 The engineering precision parts manufacturer will raise RM179.58m from the issuance of 167.83m new shares or 25% of the enlarged issued shares of 671.31m upon listing on the Main Market on 7 Dec 2023. The exercise includes an offer for…

Capital markets executive summary | Mon 20 Nov 2023

Capital markets executive summary | Mon 20 Nov 2023 Panda EcoSystem IPO oversubscribed 153.47 times The retail management solutions company, which will be listed on the ACE Market on 27 Nov, offered 33.56m shares to the public and received 20,021 applications for 5.18b shares worth RM829.41m. The bumiputra portion received 11,444 applications for 2.42b or…

Capital markets executive summary | Fri 17 Nov 2023

Capital markets executive summary | Fri 17 Nov 2023 Siab proposes private placement and rights issue 100m new shares or 20.42% of the existing issued shares will be privately placed to independent investors to be identified. The issue price will be based on the 5-day volume weighted average price of Siab shares immediately preceding the…

Capital markets executive summary | Wed 15 Nov 2023

Capital markets executive summary | Wed 15 Nov 2023 Government to help introduce financing for energy efficiency projects The Economy Minister sees a need to create an overall ecosystem for green projects beyond solar and hydrogen that will complement the National Energy Transition Roadmap (NETR). The government is working with the banking and financial industry…

Capital markets executive summary | Tue 14 Nov 2023

Capital markets executive summary | Tue 14 Nov 2023 LTAT makes takeover offer for Boustead Plantation The Armed Forces Fund Board (LTAT) signed an unconditional share sale agreement with Boustead Holdings Bhd to acquire 739.20m Boustead Plantation (BPlant) shares or 33%, which would increase LTAT’s share of BPlant from 237.21m shares or 10.59% to 976.41m…

Capital markets executive summary | Fri 10 Nov 2023

Capital markets executive summary | Fri 10 Nov 2023 Business management consultancy ex-director charged for not possessing CMSRL 33-year-old Muhammad Fadzli Jamaludin, a former director of Kyaputen Sdn Bhd, was charged at the Kuala Lumpur Sessions Court with 3 counts of unlicensed fund management at 1 venue in Taman Muzaffar Heights, Ayer Keroh, Melaka and…