Malaysia’s Petronas eyes Canadian divestment, Toyota consolidates control, ALPS joins Nasdaq in $1.6B deal

🇲🇾 Malaysia

• Petronas is exploring the sale of its Canadian business, Progress Energy Resources, in a deal potentially worth US$7 billion.
  
• The move could involve a full exit or minority stake sale, as the company reassesses global positioning.
  

🌍 International

• Toyota Industries Corp faces a landmark buyout, with Akio Toyoda launching a US$33B privatization bid.
  
• The strategy aims to consolidate control of the group’s founding firm and align operations under a new holding company.
  

🌏 Asia

• China’s factory activity contracts for the first time in eight months as the Caixin PMI drops to 48.3.
  
• US tariffs appear to be impacting output, prompting speculation about Beijing’s next policy move.
  

🧬 Alps (Wednesday only)

• ALPS Global Holding Berhad announces a US$1.6 billion SPAC merger with Globalink Investment.
  
• The deal will list the company on Nasdaq as “Alps Life Science Inc” by Q2 2025, supporting biotech R&D and expansion.
  
• ALPS specializes in genomics, mRNA, and cell therapy innovation.
  

 For more in-depth coverage, subscribe at agn.alps-holdings.com and stay updated with AGN.