GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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  • Brait, the troubled South African investment company, managed to issue a £150m five year convertible bond on Wednesday, an essential piece of its restructuring plan, which includes a new strategy, a recapitalisation, including a rights issue, to repay debt and the sale of two UK assets.
  • SPH Real Estate Investment Trust has bagged S$161.5m ($118.4m) after issuing a chunk of new stock.
  • A shareholder group in Chinese education technology firm GSX Techedu have bagged $252m after selling a chunk of its US-listed stock.
  • India’s third largest cement maker Shree Cement is one step closer to a qualified institutional placement (QIP) after getting the go-ahead from the securities regulator.
  • A group of shareholders in GSX Techedu has launched a follow-on offering of the Chinese education technology firm’s US-listed stock.
  • Xavier Niel, the founder and controlling shareholder of Iliad, the French telecoms company, is using an innovative technique to enlarge his stake, while avoiding the usual requirement to make a public offer to buy the whole company. Some bankers think it could be a clever new option for company owners — others doubt it can be used widely. Sam Kerr and Jon Hay report.