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Cypriot night vision goggles manufacturer has benefited from defence industry boom
Capital raise successful amid share volatility
Military goggles maker Theon starts €150m rights issue
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Shares in Meyer Burger Technology, the Swiss solar panel maker, plunged 13% on Tuesday after it announced a recapitalisation programme involving a rights issue, an adjustment of the terms of the Sfr100m convertible bond it issued in September 2014, and the extension of a loan secured on one of its properties.
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Three UK investment funds committed to the fight against cancer are coming together through a complex equity deal, to form what they hope will be a powerhouse of financing treatments to battle many forms of the disease.
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Sirius Minerals completed an $855m equity financing on Wednesday, for the first stage of its plan to build a fertiliser mine in a National Park in North Yorkshire. Priced on Thursday morning, the $400m convertible bond — too risky for many conventional investors — is already trading in the money.
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Into a gloomy equity capital market where the expected line-up of deals has been decimated by investor risk-aversion, Sirius Minerals today launched a rare and challenging transaction, combining a capital increase and convertible bond that amount to a $940m project financing for a potash mine in the north of England.
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Global mining firm MMG, whose largest shareholder is China Minmetals Corp, has proposed a rights issue of over 2.5bn new shares in a move to raise HK$4.0bn ($515.8m).
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Mason Financial Holdings has proposed a rights issue of over 20bn new shares in an attempt to raise HK$2.9bn ($373.9m) of fresh capital.