Here's what we have for the week

Significant Event

• Plastic packaging manufacturer, SCGM is disposing of its entire business to two Japanese firms, Mitsui & Co and FP Corp for RM544.38 million cash
• The operator of ESCAPE theme park, Sim Leisure is expanding its footprint to Batu Gajah, Perak, Malaysia. The upcoming theme park spans an area of 120 acres.
• Logistics operator, Xin Hwa Holdings is diversifying into the precision machining business after acquiring a 79% stake in Micron Metal Engineering Sdn Bhd for RM19.75 million.

Real Estate Industry 

• CSH Alliance has acquired 55 acres of land in Tanjung Malim for the purpose of its EV project
• Home Appliances manufacturer has sold its plant located at Penang for RM 15.8 million.
• A related party transaction involving 9.84 acres of land located at Kampung Tanjung Danga has been transacted between Iskandar Waterfront City Bhd and Knusford Bhd.
• Ascendas Reit is acquiring 7 logistics properties in Chicago for USD 99 million.
• Golden Mile Complex has been sold for $700 million to a joint venture comprising Perennial Holdings, Sino Land, and Far East Organization.

Infrastructure/Logistics

• The 300,000 barrel-per-day refinery-petrochemical complex in Pengerang, Johor has restarted after a more than two-year closure.

Cash Call/ Debt restructuring

• Yinson Holdings has fixed its rights issue price at RM1.41 apiece on an entitlement basis of two rights shares for every five existing shares held, to raise gross proceeds of up to RM1.21 billion.
• Facilities management service provider, GFM Services Bhd plans to raise RM18.14 million via a private placement of 115.08 million shares.
• Fitters Diversified Bhd plans to raise up to RM148.99 million via a renounceable rights issue with a free warrant.

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

• Malaysia pension fund, EPF may be facing a crisis in 15 years. (Read Full Story)  
• The confidence of an algorithmic stable coin is very fragile, UST has unpegged. (Read Full Story) 
• Software and internet companies are no longer the only growth hotspot. Check out the companies in expansion mode. (Read Full Story)
• What are the near-term risks for the crypto industry? (Read Full Story)
• The interest rate is increasing. Don’t just look at banks, finance companies are also a beneficiary of increasing interest rates. Check out them here. (Read Full Story) 

News we are reading

• Singapore has imposed an Additional Buyer’s Stamp Duty (ABSD) of 35%. It will apply on any transfer of residential property into a living trust. (The Edge) 
• China’s foreign exchange reserves fell by $68 billion in April, the biggest drop in five and half years. (Reuters)
• Risk in algorithmic stablecoins, TerraUSD. (The Star)
• Bank Negara Malaysia decided to increase the Overnight Policy Rate (OPR) by 25 basis points to 2.00 percent. (BNM)
• Malaysia has secured nearly RM2 billion investment via semiconductor company TF AMD, creating 2000 jobs in Penang. (The Edge)
• Tubeless insulin pump technology company,  Insulet Corporation has planned to establish an insulin management facility in Johor, creating 500 jobs. (The Edge)
• Indium Corp, a US-based global materials supplier to the electronics assembly and semiconductor packaging industries, is investing RM250 million in a manufacturing plant in Penang. (NST)
• How 84 million bring down a 40 billion Luna Empire. (Blockcast)
• Simmtech opens its first advanced manufacturing facility in South-East Asia in Penang to address the heightened industry demand. The factory in Penang will increase Simmtech’s total capacity of substrate and PCB by 20%. (The Star)