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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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Bank of Cyprus sells €916m of NPLs to Pimco
07 Aug 2020 -
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Akbank dips into near deserted green market
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Further Reading
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RMBS
Bank of Cyprus sells €916m of NPLs to Pimco
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Emerging Markets
Turkish lira madness keeps bond plans on ice
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CEE
Akbank dips into near deserted green market
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People & Markets
China markets round-up: July trade surplus surprises, PBoC reviews monetary policy, most Covid-19 treasury bond proceeds allocated
