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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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China’s Shanghai Dasheng Agriculture Finance Technology Co is vying to raise as much as HK$975.0m ($125.7m) through a fresh placement of H-shares, but first needs the OK from its shareholders. -
Shares in Laird, the UK supplier of mobile phone parts to Apple and Samsung, fell by as much as 18% on Friday morning after it announced its intention to launch a £185m rights issue to reduce its leverage after a profit warning in October.
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Financial services firm Enerchina Holdings is planning a rights issue with a view to raising up to HK$941.6m ($121.4m).
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Nasdaq-listed Baozun has filed for a follow-on of American Depositary Shares (ADSs) worth some $100m via three bookrunners.
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Hon Hai-owned Foxconn Interconnect Technology, also known as FIT Hon Teng, has put its IPO plans on hold until next year after getting poor feedback from investors.
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Shares in Brammer, the UK industrial parts distributor, closed 72% higher on Wednesday after the company agreed terms of a buyout with Advent International, removing the need for a £100m emergency rights issue if the takeover is accepted by the company’s shareholders.
