Significant Event
- Petronas
Chemical is acquiring a leading specialty chemicals group Perstorp
Holdings AB from Financière Forêt SARL for a base purchase of €1.538
billion cash.
- Silterra,
a subsidiary of Dnex has inked an MOU with Foxconn to set up a 12-inch
wafer fabrication plant in Malaysia, capable of producing up to 40,000
wafers per month in 28-nanometer and 40-nanometer technology.
Real Estate Industry
- Teck
Guan Perdana is expanding its land bank by acquiring a piece of 500 acres
land in Sandakan.
- Frasers
Logistics & Commercial Trust is acquiring commercial property in
Victoria, Australia.
- Centurion
Corp is acquiring a student accommodation asset in Nottingham, UK.
- ABR
Holdings is buying 5 units of shophouses located at Club Street, Singapore
for SGD 25.87 million.
Infrastructure/Logistics
- DHL
Express has relocated its Prai service center to a larger, RM13 million
facility at the Batu Kawan Industrial Park here to cater to the bigger
demand for international shipping by businesses in the northern states.
- Khazanah
Nasional Bhd has inked a strategic partnership with South Korea's SK
ecoplant Co Ltd, which the latter taking up a 30% stake in Khazanah's
waste-management investee company Cenviro Sdn Bhd.
- Work
resume for Changi Airport Terminal 5 (T5) Expansion Plan after a halt
during the pandemic.
Cash Call/ Debt restructuring
- Seroja
Investments Ltd is proposing to acquire Denway Development Ltd for USD 2
billion totally satisfied via the issuance of new shares at SGD 0.5 per
share.
- Dataprep
Holdings is undertaking a private placement of new shares to raise up to
RM16.28 million via the issuance of 67.82 million shares.
- Melaka-based
developer, Yong Tai Bhd is settling its debt with 19 creditors via the
issuance of new shares at RM 0.50 per share.
Privatization
- TTJ
Holdings Ltd has received a voluntary conditional cash offer at SGD 0.23
per share.
- Hwa Hong
Corp has received a voluntary conditional cash offer at SGD 0.37 per
share.
Company Expansion Plan/ Capex Plan
- Pharmaniaga
is setting up a RM 300 million halal insulin and vaccine plant in Puchong,
Selangor.
- 25%-owned
associate PT Bintan Alumina Indonesia of Press Metal Aluminium Holdings is
doubling the capacity of alumina to 2 million tonnes per annum.
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.
Daily Insights
- Importance
of HKD peg and the implications of unpeg. (Read
Full Story)
- Snapshot
of Malaysia Brokerage Industry. (Read
Full Story)
- This
indicator is hinting that the commodity boom may be over. (Read
Full Story)
- Some
hints from Copper prices and inventory level (Read
Full Story)
News we are reading
- The
worldwide leader in quartz material fabrication for the semiconductor
industry, Ferrotec (USA) Corporation has committed to investing more than
RM500 million in new investment in Kulim Hi-Tech Park, Malaysia. (The
Edge)
- Tesla
was kicked out of the S&P 500′s ESG index (CNBC)
- Indonesia
will lift its three-week-old palm oil export ban from 23 May 2022 due to
improvements in its domestic cooking oil supply. (Reuters)
- Brazilian
sugar cane mills are canceling some sugar export contracts and diverting
production to ethanol to cash in on high energy prices, raising concerns
over a sugar shortage. (Reuters)