Top Section/Ad
Top Section/Ad
Most recent
Qualifying shareholders take up 68% as remainder stays with conditional placees
Underwriting left unused after deal is 33% oversubscribed
Shareholder-backed recapitalisation will help reduce debt and prepare assets for sale or listing
Placing and open offer follows recent acquisition of US annuity provider
More articles/Ad
More articles/Ad
More articles
-
Idea Cellular’s board of directors has given it the go-ahead to raise up to Rp67.5bn ($1.1bn) in fresh capital, according to an exchange filing. -
Malaysia’s S P Setia will hit the road soon to market a MR1.2bn ($300.5m) placement to institutional investors, said a banker involved in the transaction.
-
Xafinity, the UK actuarial services company, has completed its first capital increase since its £180m IPO on the London Stock Exchange in February 2017.
-
Tata Steel has mandated a clutch of firms to underwrite its Rp128bn ($2bn) rights offering, part of a wider fundraising by the group across the capital markets.
-
Steinhoff International, the retail conglomerate listed in Johannesburg and Frankfurt, said on Tuesday that its numbers for 2015 were unreliable and that prior years may also need to be restated.
-
The China Securities Regulatory Commission (CSRC) is going ahead with a pilot programme to fully float Hong Kong-listed shares, although the plan will be limited to three companies in the initial stage.
