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GC Asia
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Technicolor completes €330m recap
French visual effects and digital services company Technicolor has finished a €330m recapitalisation as part of its efforts to exit from bankruptcy proceedings.
17 Sep 2020 -
Unibail-Rodamco-Westfield launches plan to reset business
Unibail-Rodamco-Westfield (URW), one of the world's largest owners of shopping malls, launched a €9bn-plus turnaround plan on Thursday, which includes a €3.5bn rights issue. The aim of the restructuring is to reduce the company's leverage to help it withstand the Covid-19 pandemic.
17 Sep 2020 -
Ganfeng Lithium pockets HK$1.5bn in fresh equity
Ganfeng Lithium, the world’s largest producer of lithium metals, has raised HK$1.46bn ($187.8m) from the sale of primary shares.
16 Sep 2020 -
Instone attracts high take-up in €182m rights offer
Instone Real Estate, the German residential property developer, has found strong support for its €182m rights issue, which it announced in August to fund an acceleration of its growth strategy.
15 Sep 2020 -
Apollo sells Watches of Switzerland stock after resilient earnings
Apollo Global Management has monetised another chunk of its stake in Watches of Switzerland, the UK luxury watch retailer that was listed on the London Stock Exchange last year.
15 Sep 2020 -
Indiabulls Housing seals Rp12bn equity deal
Indiabulls Housing Finance has raised Rp12bn ($163.8m) from an issue of new stock and the sale of a stake in UK firm OakNorth Holding.
15 Sep 2020 -
Evergrande New Energy brings in big names with $516m top-up
China Evergrande New Energy Vehicle Group raised HK$4bn ($516.1m) on Monday from a top-up placement that won the backing of heavyweight names in the technology industry.
15 Sep 2020 -
US tech drop fires warning shot at Europe ECM
The resilience of capital markets in the face of the coronavirus pandemic has encouraged equity issuers and sellers to bring an abundance of IPOs, rights issues and block trades this autumn. Indices have bounced since their March nadir but their vulnerability — and that of ECM activity — to the tech stocks that have driven the rebound was made stark this week when the Nasdaq index fell more than 10% in two days, write Sam Kerr and Aidan Gregory.
10 Sep 2020 -
IAG launches rights issue with focus on flexibility
IAG, the airline holding company that owns British Airways, has launched its €2.75bn rights issue to help fund it through the coronavirus pandemic. The company does not expect a return to normal operations until 2023, but is hoping its ability to be flexible in offering flights to areas that are recovering more quickly will be enough to persuade investors to take part in the cash call.
10 Sep 2020 -
Vodafone Idea calls for $2bn equity fundraising
Indian mobile network provider Vodafone Idea is planning to raise as much as Rp150bn ($2.05bn) from an equity placement that is part of a multi-billion-dollar fundraising.
07 Sep 2020
