Building support services provider KJTS Group Bhd has inked an underwriting agreement with Hong Leong Investment Bank Bhd (HLIB) for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.

KJTS signs underwriting agreement with HLIB for ACE Market listing

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

TOKYO (Dec 5): Core inflation in Japan's capital slowed in November, underscoring the central bank's view that cost-push pressures in the world's third-largest economy will gradually dissipate.

Inflation in Japan's capital slows, clouds BOJ exit path

Thames Water Ltd’s debt pile rose to £14.7 billion (RM85.93 billion) in the first half of the year, as the utility faces increased scrutiny over the stability of its financing structure.

Thames Water debt rises as financing discussions continue

The US is among at least 60 countries backing a pledge on Tuesday to cut cooling-related emissions by 2050, US State Department officials said at the UN climate summit in Dubai.

US joins dozens of countries in backing COP28 pledge to slash cooling emissions

Singaporean sovereign-wealth fund GIC is in talks to invest in Atlas SP Partners, the securitisation business that Apollo Global Management Inc bought from Credit Suisse Group AG, according to a person with knowledge of the matter.

Singapore's GIC in talks to invest in Apollo’s structured-finance unit — source

KUALA LUMPUR (Dec 5): Bon Estates’ second Klang Valley project, the RM750 million Bon Kiara, has achieved a 65% take-up rate. The project sits on 4.15 acres and features 410 condominium units in a 43-storey block. Built-ups range from 2,081 square feet (sq ft) to 3,075 sq ft, with four different layouts that include three- to five-ensuite bedrooms. Selling prices start from RM1.35 million or RM588 psf (per square feet).

Bon Kiara achieves 65% take-up; Malaysia Airline collab announced

UK retail sales were sluggish in November as Black Friday discounts failed to lure droves of shoppers struggling with the burden of the higher cost of living.

UK Christmas sales are off to weak start on delayed spending

Mistral AI is in the final stages of raising roughly €450 million (US$487 million or RM2.27 billion) from investors including Nvidia Corp and Salesforce Inc in a funding round that values the OpenAI rival at about US$2 billion, according to people familiar with the deal.

OpenAI rival Mistral nears US$2b valuation with Andreessen Horowitz backing

Carbon prices would have to be raised “much higher and much earlier” to achieve an orderly transition to net zero, Singapore’s outgoing central bank chief Ravi Menon said at the COP28 conference in Dubai.

Higher carbon prices needed in net zero push, Singapore’s Menon says

BEIJING (Dec 5): Oil prices held steady on Tuesday amid uncertainty over voluntary output cuts by the Opec+ group of producers, tensions in the Middle East and weak economic data from the US.

Oil prices little changed amid Opec+ cut doubts, Mideast tension

FRANKFURT (Dec 5): The European Central Bank can take further interest rate hikes off the table given a "remarkable" fall in inflation, and policymakers should not guide for rates to remain steady through mid-2024, ECB board member Isabel Schnabel told Reuters.

ECB hawk Schnabel scraps more rate hikes after 'remarkable' inflation drop

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (Dec 5)

&nbsp;KUALA LUMPUR (Dec 5): Nvidia Corp chief executive officer Jensen Huang is expected to make his maiden visit to Malaysia this week.&nbsp;

Nvidia boss Jensen Huang to make maiden visit to Malaysia

Kuala Lumpur Kepong Bhd (KLK) secured its first sustainability-linked loan (SLL) of RM500 million for the group’s general working capital requirements from Maybank, marking a significant milestone for both groups in pursuit of their sustainable development practices.

KLK secures RM500 mil sustainability-linked loan from Maybank 

The Attorney General's Chambers (AGC) has discontinued its appeal against senior lawyer Tan Sri Muhammad Shafee Abdullah's acquittal in his money-laundering case involving RM9.5 million allegedly received from imprisoned former prime minister Datuk Seri Najib Razak, as well as making false declarations to the Inland Revenue Board.

Shafee's acquittal stands in RM9.5m money-laundering case as AGC discontinues appeal

Doubts over BYD Co’s sales targets and smart-car capabilities drove a US$12 billion (RM56.07 billion) selloff in the Chinese electric-vehicle (EV) maker last month, even as it draws closer to Tesla Inc as the industry’s top seller.

BYD growth status in doubt after US$12 bil selloff

Public-listed companies (PLCs) in Malaysia will soon have to use the Bursa Malaysia ESG Reporting Platform to comply with mandatory sustainability disclosures set by Bursa Malaysia Securities Bhd.&nbsp;

Bursa Malaysia introduces mandatory ESG reporting platform for PLCs

MIDF Research has downgraded its stance on the consumer sector to "neutral"&nbsp;from "positive", amid fears that growing inflationary pressures will curtail discretionary spending by households, leading to tighter spending on durable items.&nbsp;

MIDF downgrades consumer sector amid recession fears, but names QL Resources and F&N as top picks

Telecommunications companies (telcos) are expected to explore internet facilities through satellite to device mobile services, so that it can be easily accessed everywhere, especially for areas that do not have internet access.

Telcos expected to provide internet facilities via satellite directly to devices by 2025, says Fahmi

Proton Holdings Bhd aims to increase its production volume to 500,000 units by 2035, of which 50% or 250,000 units will be for the export market, according to deputy chief executive officer Roslan Abdullah.

Proton surpasses last year’s sales volume with strong November performance

KUALA LUMPUR (Dec 5): RHB Retail Research said Muhibbah Engineering (M) Bhd may rebound further, after pushing above the 21-day SMA line while heading towards the 80 sen mark.

In a trading stocks note on Tuesday, the research house said if a breakout above that level happens, the renewe...

Muhibbah Engineering may rebound further, says RHB Retail Research 

A gauge of global stocks fell for the first time in five sessions on Monday while Treasury yields rose as investors awaited US&nbsp;labour market data to gauge the likely route of the Federal Reserve's rate policy.

Stocks pull back after rally with jobs data eyed, yields climb

Communications and Digital Minister Fahmi Fadzil has advised the public not to be duped by scammers providing cash-out&nbsp;of eMadani credit of RM100.

Don't be duped by scammers providing eMadani cash-out, Fahmi warns

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds five entities to Investor Alert List, two being potential clones

Building support services provider KJTS Group Bhd has inked an underwriting agreement with Hong Leong Investment Bank Bhd (HLIB) for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.

Pharmaniaga Bhd, whose share price has fallen more than 40% since the start of the year, is not expected to make further provisions in the future, according to Kenanga Investment Bank Bhd.

Kenanga says no further provisions for Pharmaniaga; FY2024 earnings to rebound to pre-Covid-19 level

The election results for the Gua Musang parliamentary seat last year, which saw the victory of Mohd Azizi Abu Naim&nbsp;from Parti Pribumi Bersatu Malaysia, stand.

Federal Court dismisses BN's appeal to reinstate Gua Musang election petition

Global semiconductor industry sales are projected to reach US$588.4 billion (RM2.75 trillion) in 2024, according to the US-based Semiconductor Industry Association (SIA).

Global semicon sales projected to reach US$588.4 bil in 2024, says SIA

KUALA LUMPUR (Dec 5): EcoFirst Consolidated Bhd (EcoFirst) has awarded a RM389 million contract to China State Construction Engineering (M) Sdn Bhd for the superstructure works of serviced apartment KL48 in Chan Sow Lin, Sungai Besi.

EcoFirst awards RM389 mil superstructure works contract to China State Construction Engineering

The ringgit opened slightly lower against the US dollar in early trade on Tuesday due to the lack of demand as the US Dollar Index (DXY) continued to strengthen.

Ringgit opens slightly lower against US dollar

Bursa Malaysia finished&nbsp;the morning session in the red on Tuesday, largely mirroring moves on&nbsp;Wall Street&nbsp;and regional bourses, as investors were cautious, amid continued tension in the Middle East and a cloudy interest rate&nbsp;outlook.

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