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Military goggles maker Theon starts €150m rights issue
French biotech seeks to accelerate cancer vaccine program
Payment processor's shares dropped to new low on Thursday
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The commitments received for Renhe Commercial Holdings’ HK$3.38bn ($435.6m) one-for-two rights issue have fallen short of the number of rights shares that were up for grabs, leading to the deal’s underwriter having to step in to bridge the gap. -
After a washout 2014, ECM bankers say southeast Asia looks more promising in 2015, despite falling oil prices and general market volatility.
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Korean Air Lines is looking to raise W500bn ($453m) from a rights issue, which could lead to a public offering of stock if existing shareholders do not subscribe to all the shares. The South Korean flag carrier is attempting to restructure its financial profile, but the market reacted negatively to the trade, pushing the company’s share price down by nearly 5% after the details were disclosed.
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Palm Hills Development, the Egyptian property company, will convene a meeting of its board of directors on January 12 to discuss launching a rights issue.
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Shareholders have piled into Tiger Airways Holdings’ 85-for-100 rights issue worth S$229m ($172m), with applications received for far more shares than were up for grabs.
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Chinese brokerage Citic Securities Company Limited is planning to issue not more than 1.5bn new H-shares via a private placement, as it looks to shore up its capital base. Although the precise size of the offering has not been disclosed, the company could raise as much as HK$44.10bn ($5.70bn) based on its share price at the time of writing.
