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Shipbuilder's shares fall 10% after capital raise
Italian shipbuilder is expanding capacity on strong defence demand
Deal priced at 1% premium to Monday's close
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Philippines and Singapore-listed Del Monte Pacific will raise S$208.60m ($156.43m) in a rights offering after pricing the transaction at S$0.33 or Ps10.60 a share.
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Malaysia Airports Holdings (MAHB) has priced its MR1.32bn ($370.47m) rights offering at MR4.78 a share, bolstering its capital ahead of a $323.59m acquisition of a Turkish airport.
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Tata Motors is gearing up to pitch a Rp75bn ($1.22bn) fundraising plan to shareholders as it seeks to pare debt and shore up capital for growth.
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State Bank of India is to seek the consent of its shareholders to raise Rp150bn ($2.43bn) of equity capital by way of a public issue.
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Pacific Andes Resources Development has wrapped up its S$195.5m ($150m) four-for-five rights offering, with the take-up from shareholders only translating to 93.68% of the total rights shares available.
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Philippines’ Metropolitan Bank is set to raise up to Ps32bn ($719.38m) in a rights offering to beef up its capital ratios.