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An overnight bookbuild in Oil & Gas Development Co this week reopened the market for Pakistan equity deals, as investors clamoured for shares in the Prp5.7bn ($49.7m) offering. -
A shareholder of Hong Kong-listed Far East Horizon raked in HK$1.8bn ($231.5m) from an overnight placement in which one investor bid for the entire trade.
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An unnamed institutional investor has launched a block sale of shares in Pakistan-based Oil & Gas Development Co worth up to Prp5.9bn ($50.8m).
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Nomura’s head of equity syndicate for Asia ex-Japan Ortwin Gierhake is no longer with the firm, sources close to the matter said.
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Tucker Highfield, Credit Suisse’s head of equity syndicate for Asia ex-Japan, has left the firm to join Bank of America Merrill Lynch, according to sources.
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The South African equity market got the trade it had been waiting for this week when Steinhoff International, the embattled retail conglomerate, sold a portion of its stake in Steinhoff Africa Retail, the African subsidiary it span off last year, to raise funds to reduce its debt.
