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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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Eco World Development Group has fixed the price of its MR788.00m ($220.36m) rights offering at MR1.20 a share following a reverse takeover that would make it one of Malaysia's largest property firms. -
Curro, the Johannesburg-listed operator of private schools, plans to raise R740m ($64m) through a fully underwritten rights offer, less than a year after its last such transaction.
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Singapore-listed China Fishery Group is heading to the equity markets for an S$296.52m ($223.00m) rights issue to raise funds that will be used to redeem debt issued by its subsidiary.
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Myanmar-based Yoma Strategic Holdings has wrapped up its S$164.36m ($121.4m) one-for-three rights issue following a stellar response from investors that signed up for far more rights shares than were up for grabs.
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HDFC Bank was set to price a blockbuster Rp100bn ($1.6bn) trade on the evening of February 5, with bankers expecting investors to fork out money at the tightest possible discount for the second Indian ECM transaction of more than $1bn to hit the market in the past week.
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East West Banking Corp will go to shareholders for as much as Ps8bn ($179.84m) in its first ever rights issue since its IPO three years ago.
