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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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Malaysia Building Society (MBSB) has announced a two-call rights issue that will see it raise up to MR2bn ($487m) from shareholders. -
Bank of America Merrill Lynch has lost a member of its equity capital markets syndicate team in Hong Kong, according to sources.
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The Indian government has kicked off the divestment of a 5% stake in Container Corp of India, which would add about Rp11.65bn ($173m) to the country’s coffers.
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Singapore’s OUE Hospitality Trust is carrying out an underwritten and renounceable rights issue worth S$238.6m ($171.4m) as it seeks to raise funds for an airport hotel purchase.
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Fomento de Construcciones y Contratas, the Spanish construction company, said on Thursday that it had received a 99.72% take-up on its €710m rights issue, which was placed without banks. But the market will have to wait till next week to find out how large Carlos Slim’s stake in the firm is now.
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Fomento de Construcciones y Contratas, the Spanish construction company, released the take-up figures for its rights issue on Thursday.
