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GC Asia
NagCorp turns to HK for first follow-on from Cambodia
Casino operator NagaCorp’s chief executive raised HK$650.6m ($83.8m) on Monday evening from a block sale of shares through his holding company Fourth Star Holding — the first ever follow-on offer from a Cambodian company.
But its stock price suffered after news of the deal hit the market on Tuesday, falling by more than 16% over the course of the day. It recovered to close around the offer price, but that was still a discount of more than 11% to the previous day’s
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Latest news from Emerging Markets
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BCS Global Markets hires head of treasury from Bloomberg
01.00 PM -
EM investors positive but not ‘gung-ho’ with valuations high
11.15 AM -
SAIC-GMAC opts for two-tranche structure in new ABS
08.00 AM -
VW cuts revolving period in year’s first China ABS
07.45 AM -
China property bond flurry continues
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