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Shipping company issues new shares as it raises stake in peer to roughly a fifth
Investors want more mid-cap deals and wider variety of sectors
Cornerstone investors commit roughly €170m as company aims to raise €300m
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Malaysia’s regulator has shot down a bid by Chemara Palmea Holdings to list as a special purpose acquisition company (Spac), dashing for now its hopes of becoming Asia’s first plantation-based Spac. -
Indian companies were out in full force this week to tap the equity capital markets. Leading the way was the Indian government’s long-awaited $3.95bn divestment of its stake in Coal India.
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A long-stalled proposal to allow real estate investment trusts (Reits) in China re-emerged this week. The plan, slated for the first half of this year, is expected to help de-gear the balance sheets of Chinese homebuilders and tide them over a possible liquidity crunch. But as the plan has been on ice for a decade, questions abound as to its effectiveness — and whether it will find willing buyers and sellers, writes John Loh.
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Malaysian sovereign wealth fund Khazanah Nasional priced its largest ever follow-on in Tenaga Nasional on January 28, as investors jumped at the chance to grab a slice of the state-owned power producer. Despite Malaysia’s slumping stock market, Khazanah sold the most shares of any block trade it has done in Tenaga since 2009, raising MR1.62bn ($455.79m).
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Elis, the French workwear laundry company owned by Eurazeo, on Wednesday launched its initial public offering in Paris, as it hopes to raise €750m to reduce its debt levels.
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Greece’s general election was one of the big risks to equity capital markets on the calendar since the year began – but markets have shaken off the triumph of an anti-austerity coalition that wants huge debt relief. Markets outside Athens, that is – the ASE Index has fallen 12.7% over two and a half days, led by the banks.
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