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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
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Citic CLSA Securities has brought in Steve Lam to helm its equity syndicate team, while also naming Nathan McMurtray to lead its charge into the equity-linked market. -
The board of directors of Irico Group New Energy Corp has approved an H-share placement of up to Rmb2bn ($296.3m) to help fund some photovoltaic glass projects.
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Tikehau Capital, the French alternative asset manager, has raised €702m to accelerate its development, after its rights issue attracted substantial oversubscription by new and existing shareholders.
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Tissue Regenix Group, the UK regenerative medical technology company owned by IP Group, has issued £40m of shares to finance its acquisition of CellRight Technologies in the US.
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Digital China Holdings is preparing to raise up to HK$1.45bn ($185.8m) from a rights issue to help fund investment in big data analysis in the healthcare industry.
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Empiric Student Housing, the UK real estate investment trust, raised £110m in its sixth equity issue since its £85m IPO in June 2014. The deal fell short of its £150m target, amid a busy calendar of Reit and closed-end fund equity raisings.
