TSA Group Bhd, a supplier of industrial hardware products that also manufactures stainless steel pipes and metal products, has inked an underwriting agreement with AmInvestment Bank Bhd for its upcoming initial public offering on the ACE Market of Bursa Malaysia.

TSA inks underwriting agreement with AmInvestment Bank for ACE debut

KUALA LUMPUR (Nov 28): Engineering support services provider CPE Technology Bhd, which is en route to listing on the Main Market of Bursa Malaysia on Dec 7, said its initial public offering (IPO) has been oversubscribed by 17.69 times by the Malaysian public.

Public portion of CPE Tech’s IPO oversubscribed by over 17 times

Reddit Inc is again holding talks with potential investors for an initial public offering for the social media company, according to people familiar with the matter, as hopefuls prepare for a long-awaited reopening of the market for new listings.

Reddit leads class of 2024 US IPO candidates testing the water

KUALA LUMPUR (Nov 27): Mechanical, electrical and process utilities (MEP) engineering company Critical Holdings Bhd, which is set to debut on the ACE Market on Dec 18, has set its initial public offering (IPO) price at 35 sen per share, to raise RM39.03 million under the listing exercise.

Critical Holdings sets IPO price at 35 sen per share, to raise RM39 mil

CGMI Bhd, which provides information and communication technology (ICT) managed services, said it has received approval from Bursa Securities to list on the ACE Market.  

The group, which provides ICT services for the food and beverage (F&B) service management system and  hospital information system (HIS), has planned a public issue of 110 million new shares, representing 16.39% of its enlarged issued share capital.

ICT managed services provider CGMI gets Bursa Malaysia nod for ACE Market listing  

Building support services provider KJTS Group Bhd said it has received the approval from Bursa Securities to list on Bursa Malaysia’s ACE Market.

The group, which installs and manages building cooling energy systems and provides other facilities management services in Malaysia, Thailand and Singapore, is set to offer 31.69% of its enlarged share capital through an initial public offering (IPO) with no offer for sale by existing shareholders

Building support services provider KJTS gets Bursa nod for ACE Market listing

SINGAPORE (Nov 22): Carro, a Southeast Asian online automotive marketplace, is in talks with potential investors to raise over US$100 million ahead of a possible US listing in 18 months, said a senior executive at the Singapore-headquartered unicorn.

SoftBank-backed Carro in talks to raise over US$100 mil ahead of potential US IPO — exec

Engineering precision parts manufacturer CPE Technology Bhd has priced its shares at RM1.07 apiece for its initial public offering (IPO), which seeks to raise approximately RM179.58 million.

Main Market-bound CPE Technology sets IPO price at RM1.07, to raise RM179.58m

ACE Market-bound Panda EcoSystem Bhd's shares offered to the public were oversubscribed by 153.47 times, said the issuing house.

A total of 20,021 applications for 5.18 billion shares worth RM829.41 million were received for the 33.56 million shares offered to the public, representing an overall oversubscription rate of 153.47 times, said Tricor Investor & Issuing House Services Sdn Bhd in a statement on Friday.

Retail management solutions group Panda EcoSystem's IPO oversubscribed by 153 times

The initial public offering (IPO) market in Malaysia is expected to remain robust in 2024, supported by a strong pipeline of offerings and healthy institutional and retail investors' appetites for companies with good growth propositions, particularly those in the consumer and tech or tech-related industries, according to Deloitte Malaysia.

IPO market in Malaysia to remain robust in 2024, especially for consumer, tech-related industries, says Deloitte Malaysia

Cable and wire manufacturer Master Tec Group Bhd has obtained Bursa Malaysia's approval to launch an initial public offering (IPO) on the ACE Market, and targets to list by the first quarter of 2024.

Cable and wire manufacturer Master Tec gets Bursa nod to list on ACE Market

KUALA LUMPUR (Nov 8): Panda Eco System Bhd is pricing its shares at 16 sen apiece, seeking to raise some RM17.5 million through an initial public offering (IPO) on Bursa Malaysia’s ACE Market by end of this month.

Panda Eco prices IPO at 16 sen, seeks to raise RM17.5m on ACE Market

Shein is touting its hopes for a valuation of as much as US$90 billion (RM419.76 billion) as it lays the groundwork for an eventual US initial public offering (IPO), a level that far exceeds how the fast-fashion giant is valued in private trades, according to people familiar with the matter.

Shein targets up to US$90b valuation in US IPO, sources say

Chinese electric truck maker Windrose Technology Inc has started preparatory work for an initial public offering (IPO) in the US next year, as it plans the commercial roll-out of its first vehicle.

Chinese electric truck maker Windrose seeking US IPO in 2024

Read also:
Kemaman by-election: Voting ends, vote-tallying process begins
Kemaman by-election: 60% voter turnout as of 4pm, s...

Kemaman by-election: PAS retains parliamentary seat with 37,220-vote majority — returning officer

Three subsidiaries under UEM Group Bhd have signed business agreements with domestic and international companies at the 28th United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates (UAE).

UEM Group's subsidiaries sign multiple agreements at COP28 Dubai

Israeli war planes and artillery bombarded Khan Younis in the south of the Gaza Strip on Saturday, hitting mosques and homes and close to a hospital, after the collapse of a truce in the nearly two-month-old war between Israel and Hamas militants

Israel bombards southern Gaza as humanitarian crisis reaches 'breaking point'

Exxon Mobil Corp and Saudi Arabia’s Aramco, the world’s largest private and state-sector oil companies, led a pledge by 50 oil and gas producers at the COP28 climate summit to cut emissions from their own operations.

Exxon among 50 oil producers in controversial climate pact at COP28

Prime Minister Datuk Seri Anwar Ibrahim will definitely look at the ability of an individual to hold a suitable portfolio in the event of a Cabinet reshuffle, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Anwar will surely prioritise skillset, knowledgeability in any Cabinet reshuffle, says Fadillah

The polling process for the Kemaman parliamentary by-election, which began at 8am on Saturday, concluded at 6pm when all 49 polling centres were closed.

All ballot boxes from the polling centres, involving 244 streams, will be taken to the vote-tallying centre at Dewan Berlian Utama, Kemaman Municipal Council here.

Kemaman by-election: Voting ends, vote-tallying process begins

The US has pledged US$3 billion (RM14.02 billion) to the Green Climate Fund, Vice President Kamala Harris said on Saturday as she arrived in Dubai for the UN climate summit.

The fund, with more than US$20 billion in pledges, is the largest international fund dedicated to supporting climate action in developing countries.

US pledges US$3b for Green Climate Fund at COP28

Malaysia has pledged its support to ensure the effective implementation of the Asean Working Group on Climate Change (AWGCC) Action Plan, Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad said.

COP28: Malaysia committed to supporting Asean climate change action plan

The voter turnout for the Kemaman parliamentary by-election stood at 60% as of 4pm on Saturday, according to the Election Commission (EC).

The figure is nearing the 70% target set by the EC from the 141,043 electors eligible to cast their ballots on Saturday, who have until 6pm before polling centres close.

Kemaman by-election: 60% voter turnout as of 4pm, says EC

Senior lawyer Tan Sri Muhammad Shafee Abdullah is not among the 16 candidates elected to the Bar Council for the 2024/2025 term, after placing 22nd out of the 39 candidates who contested.

Najib’s lawyer Shafee not among those elected to Bar Council for 2024/2025; Fahri Azzat tops polls

Senior lawyer Tan Sri Muhammad Shafee Abdullah is not among the 16 candidates elected to the Bar Council for the 2024/2025 term, after placing 22nd out of the 39 candidates who contested.

The police have opened an investigation paper (IP) against Tan Sri Muhyiddin Yassin for allegedly making statements that touched on the 3Rs (religion, race and royalty) during a campaign for the Kemaman by-election recently.

Kemaman by-election: Police open investigation paper against Muhyiddin over 3R issue

The polling process for the Kemaman parliamentary by-election, which began at 8am on Saturday, concluded at 6pm when all 49 polling centres were closed.

All ballot boxes from the polling centres, involving 244 streams, will be taken to the vote-tallying centre at Dewan Berlian Utama, Kemaman Municipal Council here.

The voter turnout for the Kemaman parliamentary by-election stood at 60% as of 4pm on Saturday, according to the Election Commission (EC).

The figure is nearing the 70% target set by the EC from the 141,043 electors eligible to cast their ballots on Saturday, who have until 6pm before polling centres close.

The government will revive the town hall session which will serve as a platform for ministries and secretaries general (KSU) to inform people about measures and actions taken in response to the findings of the Auditor General’s Report.

Mohd Zuki: Govt to revive town hall session to clarify issues raised in AG's Report

A key offshore creditor group of China Evergrande Group supports keeping the developer operating, the South China Morning Post (SCMP) reported ahead of a court hearing on Monday that could decide to liquidate the indebted firm.

Evergrande creditor group supports maintaining operations, not bankruptcy — report

WASHINGTON (Dec 1): US manufacturing remained subdued in November, with factory employment declining further as hiring slowed and layoffs increased, more evidence that the economy was losing momentum after robust growth last quarter.

The survey from the Institute for Supply Management (...

US manufacturing mired in weakness, economy heading for slowdown

The Biden administration released long-awaited rules designed to block electric-vehicle (EV) manufacturers from sourcing battery materials from China and other foreign adversaries, while giving automakers some flexibility to comply with the new mandates.

US sets limits on Chinese content to receive EV tax credits

Prime Minister Datuk Seri Anwar Ibrahim will definitely look at the ability of an individual to hold a suitable portfolio in the event of a Cabinet reshuffle, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

A new digital system is being implemented by the Election Commission (EC) in the Kemaman by-election as a pilot test to improve the electoral system in the country.

EC chairman Tan Sri Abdul Ghani Salleh said the system is intended to facilitate EC officers in handling the election process as well as speed up the announcement of the election results.

Kemaman by-election a pilot test for new system, says EC

Hong Kong has reduced the waiting time for public housing applicants with newborn babies in an effort to support birth rates in the city.

Families with children born on or after Oct 25 this year qualify to apply for Category A tenancy after two years instead of the previous three-year period, according to a statement issued by the Housing Bureau.

Hong Kong cuts public housing waiting time to boost birth rates

The police have activated 12 Op Cantas teams to ensure a smooth polling day for Saturday’s Kemaman parliamentary by-election.

Terengganu police chief Datuk Mazli Mazlan said the teams were deployed at several hot spot areas in the parliamentary constituency.

Kemaman by-election: 12 'Op Cantas teams deployed at hotspot areas for smooth polling, says police

Federal Reserve (Fed) Chair Jerome Powell pushed back against Wall Street’s growing expectations of interest-rate cuts in the first half of 2024, saying the committee will move cautiously with borrowing costs at a 22-year high but retain the option to hike further.

Powell brushes off rate-cut bets as Fed moves carefully

Read also: 
<a href="https://theedgemalaysia.com/node/692448" target="_blank">Kemaman by-election: Voting ends, vote-tallying process begins</a> 
<a href="https://theedgemalaysia.com/node/692443" target="_blank">Kemaman by-election: 60% voter turnout as of 4pm, s...

Israeli war planes and artillery bombarded Khan Younis in the south of the Gaza Strip on Saturday, hitting mosques and homes and close to a hospital, after the collapse of a truce in the nearly two-month-old war between Israel and Hamas militants

Three subsidiaries under UEM Group Bhd have signed business agreements with domestic and international companies at the 28th United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates (UAE).

One of Elon Musk’s rockets carried a South Korean spy satellite into orbit as the rivalry between the two Koreas expands beyond Earth. &nbsp;

A SpaceX Falcon 9 carrying Seoul’s first domestically made reconnaissance satellite launched from the Vandenberg Space Force Base in California at 10.19am Friday, according to South Korea’s defence ministry.

SpaceX carries South Korea’s first spy satellite to orbit

Malaysia has pledged its support to ensure the effective implementation of the Asean Working Group on Climate Change (AWGCC) Action Plan, Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad said.

Exxon Mobil Corp and Saudi Arabia’s Aramco, the world’s largest private and state-sector oil companies, led a pledge by 50 oil and gas producers at the COP28 climate summit to cut emissions from their own operations.

The US has pledged US$3 billion (RM14.02 billion) to the Green Climate Fund, Vice President Kamala Harris said on Saturday as she arrived in Dubai for the UN climate summit.

The fund, with more than US$20 billion in pledges, is the largest international fund dedicated to supporting climate action in developing countries.

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