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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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Lotos, the Polish oil refiner, on Thursday set pricing on a Z1bn rights offer that it has been planning to finance investments in its refineries and oil fields. -
Malaysia’s IOI Properties is looking to raise MR1.03bn ($306.51m) in a rights issue to finance the development of a golf course-based resort city near the central administrative capital.
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Following an independent valuation, Malaysia-based stationery maker Pelikan International Corp has shrunk the size of a rights issue that it will use to fund a restructuring.
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Malaysia Airports Holdings (MAHB) is looking to raise around MR1.32bn ($396m) via a rights issue which will go towards funding its acquisition of an airport in Turkey.
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The Islamic Republic of Pakistan has ditched plans to sell some of its shares in Oil & Gas Development Corp (OGDCL) as investors shunned the paper due to discontent with the pricing.
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German property firm Deutsche Annington Immobilien completed a €451m capital increase on Thursday, which it will use to buy new apartments.
