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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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Wereldhave, the Dutch shopping centres and offices group, on Tuesday completed the €550m rights issue it launched on December 1, as it raises money to finance its acquisition of six shopping centres in France.
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Nasdaq-listed Tuniu Corp is no longer going ahead with a planned $100m follow-on after it agreed a $148m capital injection from a group of investors that included Chinese e-commerce firm JD.com. -
Pakistan’s Privatisation Commission raised Rp14.4bn ($142m) on Thursday night from its sale of shares in Allied Bank, with most of the demand for the stock coming in at the strike price of Rp110 each.
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Meda, the Swedish pharmaceuticals firm listed in Stockholm, has successfully completed a Skr2.027bn (€214m) rights issue for 10% of its existing share capital. It had a 99.7% take-up rate, with heavy oversubscriptions.
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China Resources Land (CR Land) plans to raise HK$7.48bn ($965m) in a rights issue following the acquisition of five property development projects in China from its parent.
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Hsin Chong Construction Group has finalised the terms of its rights issue and placement combo which is expected to raise HK$2.63bn ($339.28m).
