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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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Shareholders took to IOI Properties’ MR1.03bn ($289.08m) rights offering, helping the trade achieve an oversubscription of 13.56%. -
Li Ning Company’s HK$1.55bn ($200m) five-for-12 rights offering has wrapped up with a bang, with bids from investors making the transaction approximately 1.49 times covered.
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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.
