Significant Event
- Keppel
Corporation has entered into definitive agreements with Sembcorp Marine
for the proposed combination of Keppel Offshore & Marine (Keppel
O&M) and SembMarine. Keppel O&M will pay $500 million cash to
Keppel immediately prior to the transaction. The agreed equity value
exchange ratio will result in Keppel and its shareholders owning 56% of
the Combined Entity and Sembcorp Marine shareholders owning 44% on
completion. The terms value Keppel O&M at approximately $4.87 billion.
Upon the successful completion of the proposed combination, Keppel will
distribute 46% of the shares in the combined entity to its shareholders.
- Bank
Negara Malaysia (BNM) has announced the five successful applicants for a
digital bank licence. The five are: a consortium of Boost Holdings Sdn Bhd
(Axiata Group Bhd) and RHB Bank Bhd; a consortium led by GXS Bank Pte Ltd
(Singtel & Grab) and Kuok Brothers Sdn Bhd; a consortium led by Sea
Ltd (Shopee) and YTL Digital Capital Sdn Bhd (YTL Corp Bhd); a consortium
of AEON Financial Service Co Ltd, it's subsidiary AEON Credit Service (M)
Bhd and MoneyLion Inc; and a consortium comprising KAF Investment Bank Sdn
Bhd, Money Match, Carsome and Jirnexu (Ringgit Plus)
Real Estate Industry
- TWL
Holdings Berhad, formerly known as Tiger Synergy Bhd is acquiring land
located at Taman Perindustrian Bukit Serdang via the issuance of new
shares.
- Wee Hur
Holdings is disposing of its Australia purpose-built student accommodation
(PBSA) portfolio for A$567.9 million
Infrastructure/Logistics
- Malaysia
MRT Corp has started inviting prospective companies to participate in the
request for proposal (RFP) for the Mass Rapid Transit 3 (MRT3) Circle Line
project management consultancy services work package.
- GDS
Holdings Ltd, a leading developer and operator of high-performance data
centers in China, will develop a “hyper-scale” data center campus at
Nusajaya Tech Park, Iskandar Puteri, with an investment of RM1.38bil. the
hyper-scale data centre campus would involve a total net floor area of
about 22,500 sq m with 54 MW of total IT power capacity.
Cash Call/ Restructuring
- Malaysia
and Singapore liquor distributors, Luen Heng and Octopus Distribution
Network are taking the listing status of Ascent Bridge Ltd via an RTO.
- Barakah
Offshore has proposed to raise RM 40 million via rights issues and a
capital reduction of RM197.7 million to reduce the share capital and
accumulated losses of the company as part of its regularisation plan.
- Property
developer, SP Setia Bhd has proposed to raise RM 1.18 billion via the
issuance of new preference shares for the purpose of redeeming the prior
batch of preference shares and also to repay borrowings.
Privatization
- Apac
Realty, the holding company of real estate agency ERA, has received an
unconditional mandatory general offer to acquire the remaining 40.2%
shares from Morgan Stanley Private Equity Asia @ SGD 0.61 per share
Company Expansion Plan/ Capex Plan
- Fraser
& Neave is acquiring a huge piece of land located at Gemas for RM 215
million. The land will be used to embark on the group’s upstream milk
business.
- Petronas
Gas has set aside RM 1.4 billion in capital expenditure. The fund will be
channelled to a 42km lateral gas pipeline to Pulau Indah, new oxyalkylate
facilities, a new lateral gas pipeline in Sepang, the Southern Peninsular
Gas Utilisation expansion, new compressor station in Kluang and the
Terengganu Crude Oil Terminal off-gas rerouting project in Kerteh.
- Nasdaq-listed
printed circuit boards (PCBs), radio frequency (RF) components and RF
microwave/microelectronic assemblies manufacturer TTM Technologies Inc is
investing US$130 million to set up a plant in Penang. It will be built
upon approximately 27 acres of industrial land at Penang Science Park.
Users can filter the companies' activities via industry or nature of activities
via using our tool for Malaysia
companies and Singapore
companies via the link.
Users can get access to all the major transactions of offices, lands, and
factories in Malaysia via this tool.
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