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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 on Monday set the terms of its €550m rights issue, as the Dutch property company seeks money to finance its acquisition of six shopping centres in France. -
Peking University Resources will open books at the end of December for a HK$1.93bn ($248.47m) placement to fund the purchase of property development projects in China.
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Ping An Insurance Group has raised HK$36.8bn ($4.75bn) from a private placement of shares, with the tight pricing on the deal leading to the stock being allotted to the highest quality of investors with a long term view on the company.
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Hsin Chong Construction Group is planning a rights issue and placement that could raise up to HK$2.67bn ($344.33m) in proceeds to fund its property development activities in China.
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Tessenderlo Chemie, the Belgian chemicals firm, launched a rights offering of up to around €174m on Wednesday, in part to strengthen the firm’s balance sheet ahead of anticipated debt refinancing in 2015 and 2016.
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CDON Group, which claims to be the Nordic region’s leading ecommerce company, published on Thursday the prospectus for its one-for-two rights issue, in which it is hoping to raise about Skr647m (€70m) before transaction costs.
