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Military goggles maker Theon starts €150m rights issue
French biotech seeks to accelerate cancer vaccine program
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Kier Group shares perked up by as much as 1.6% on Tuesday after the UK construction company said it had parted ways with its CEO following the completion of its troubled £264m rights issue. -
Chinese property manager Country Garden Services Holdings has pocketed HK$1.96bn ($249.9m) from a top-up placement of new shares.
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State Bank of India has lined up five firms to run its Rp200bn ($2.75bn) equity fundraising, set to be the country’s largest share sale.
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A number of funds that shorted UK construction and services firm Kier Group have begun to shrink those positions, and the share price has soared since.
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Business services and construction firm Kier only managed to secure a 38% take-up of its £264m rights issue after the share price collapsed following aggressive shorting during bookbuilding. That left the bookrunners and sub-underwriters having to subscribe for shares.
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Swedish aerospace and defence company Saab has finished its Skr6bn (€581m) rights issue with enough demand to almost cover the deal twice over.
