Capital markets executive summary | Wed 8 Nov 2023

Capital markets executive summary | Wed 8 Nov 2023 Columbia Asia is frontrunner for Ramsay Sime Darby Health Care The Southeast Asian healthcare firm, backed by alternative asset company TPG, could sign a deal as early as this week to buy the Malaysia-based private hospitals operator for USD1.5b. The acquisition will be Southeast Asia’s largest…

Capital markets executive summary | Tue 7 Nov 2023

Capital markets executive summary | Tue 7 Nov 2023 Surian Creation sues Euro Holdings for exploiting it to get banking facilities The furniture maker, 3 of its subsidiaries and its managing director Datuk Seri Lim Teck Boon are being sued for allegedly using another company to obtain banking facilities. Surian Creation Sdn Bhd filed the…

Capital markets executive summary | Mon 6 Nov 2023

Capital markets executive summary | Mon 6 Nov 2023 U Mobile converts RM1.4b banking facility into sustainability-linked financing The conversion was done by CIMB as sustainability structuring agent, sustainability lead arranger and joint lender with UOB Malaysia. U Mobile is entitled to receive rebates on its interest payments after achieving its sustainability performance targets (SPT)….

Capital markets executive summary | Fri 3 Nov 2023

Capital markets executive summary | Fri 3 Nov 2023 Plytec IPO oversubscribed 6.72 times The construction engineering solutions provider received 3,451 applications for 233.87m shares for the public offering of 30.3m new shares. There were 1,550 applications for 89.31m shares for the bumiputra portion or 4.89 times oversubscribed. The non-bumiputra portion received 1,901 applications for…

Capital markets executive summary | Thu 2 Nov 2023

Capital markets executive summary | Thu 2 Nov 2023 BPMB extends RM1b financing to highway concessionaire Lekas Bank Pembangunan Malaysia Berhad (BPMB) granted RM1b tawarruq asset financing facilities to Lebuhraya Kajang-Seremban Sdn Bhd (Lekas) in order to restructure the company’s debt obligations to ensure the highway remains sustainable and affordable to travellers. The facility is…

Capital markets executive summary | Wed 1 Nov 2023

Capital markets executive summary | Wed 1 Nov 2023 CIMB eyes Indonesia’s Bank Commonwealth Malaysia’s number 2 bank CIMB and Japanese finance company J Trust are competing to buy PT Bank Commonwealth, a 99% subsidiary of Commonwealth Bank of Australia (CBA), in a deal that could value the bank at USD400-USD500m. Bank Commonwealth focuses on…

Capital markets executive summary | Tue 31 Oct 2023

Capital markets executive summary | Tue 31 Oct 2023 Fusang issues the first tokenised institutional sukuk in the world Fusang Exchange is a member-only network of regulated financial institutions, which mirrors the operating structure of non-digital stock exchanges, facilitating the tokenisation, listing, trading, settlement and custody of digital securities backed by real-world assets. It is…

Capital markets executive summary | Mon 30 Oct 2023

Capital markets executive summary | Mon 30 Oct 2023 Malakoff buys 49% of solid waste management company Tuah Utama Sdn Bhd, wholly-owned by Malakoff Corp Bhd, is buying the E-Idaman Sdn Bhd shares from Metacorp Bhd for RM133.2m cash. E-Idaman’s wholly-owned subsidiary, Environment Idaman Sdn Bhd, provides municipal waste collection and disposal services in Kedah…

Capital markets executive summary | Fri 27 Oct 2023

Capital markets executive summary | Fri 27 Oct 2023 Sarawak Plantation gets RM40m oil palm replanting facility Wholly-owned subsidiary, Sarawak Plantation Agriculture Development Sdn Bhd, signed a master agency agreement, facilities agreement and memorandum of charge with AmBank Islamic for the Islamic banking facility. Concurrently, Sarawak Plantation executed a guarantee and indemnity agreement with the…